Lazard revenue boosted by restructuring business – MarketWatch

Lazard Ltd. said fourth-quarter revenue rose amid gains in its financial advisory and asset-management businesses, while its profit declined on higher costs and income tax provisions. Financial advisory revenue grew 22% from the prior year to $331.2 million with revenue in its deal-making advisory business growing 17%. Revenue from its restructuring advisory business grew 15%…

Retail rot speads to Australia’s high-profile fashion labels – The Sydney Morning Herald

The collapse of national fashion brands Marcs and David Lawrence has added another 1130 workers to the retail rout that claimed close to 2000 jobs in the sector before Christmas. And retail insiders claim the rot that took down Payless Shoes and Pumpkin Patch in December has spread to Australia’s upmarket, national fashion chains and there warn of…

Italy’s Bank Monte bailout offers object lesson in the need for transparency – South China Morning Post

Predicting the form and substance of mainland Chinese bank failures has become a cottage conspiracy industry among research analysts and hedge funds. A more enlightening exercise is observing how other current government authorities and bank leadership have succeeded or failed, or have been swamped by indecisiveness and serial mediocre decisions in the face of default.…

Importance and Role of the Voluntary Administrator – Industry Today (press release)

DCL Advisory is a professional insolvency consultation firm that offers Voluntary Administrator services. Voluntary Administration Voluntary Administration offers relief to an insolvent company so it can determine its future. Protections include: unsecured creditors cannot pursue claims against it without the administrators or courts approval secured creditors cannot impose charges non-perishable property owners or those who…