“When the company needs to get out of the crisis, we need a collaboration from all staff,” said Mr Chaiwat. TAWATCHAI KEMGUMNERD In some organisations, executives are expected to conjure up solutions to challenges based on the force of their personality alone. But Chaiwat Kovavisarach, president and chief executive of SET-listed and mostly state-owned Bangchak…
8 March, 2017 The provisions of the Insolvency and Bankruptcy Code, 2016 (Code) relating to the insolvency of companies and LLPs were notified on 1 December 2016. In the past three months anecdotal evidence suggests that scores of applications have been filed at the National Company Law Tribunal (NCLT) throughout the country. Of these, 64…
A scroll through the Instagram profile of Australian fashion designer Jessica White reveals a charmed life in sunny Bali, replete with cocktails, waterfront parties and an enviable wardrobe. But back home things aren’t so sunny for more than 80 creditors to her company who remain empty-handed since Ms White left Australia potentially owing almost $1…
For Charley Green, one thing in life always seems to lead to another. The Kansas native has seen and done a lot in his 78 years. Growing up, he worked on the family farm. Later he gained experience as a teacher, a home builder, a church administrator, a limousine driver and even a novelist (he…
You remember Steve Guttenberg in Season 2 of Veronica Mars? Guttenberg played Woody Goodman, a multi-millionaire who built his fortune with a popular chain of burger restaurants and expanded to car dealerships. He even bought the local minor league baseball team. Woodys goofily charming TV ads for his businesses made him a kind of regional celebrity, and that…
(Repeats March 8 story for wider distribution. (For more Reuters DEALTALKs, click )) By Tatiana Bautzer SAO PAULO, March 8 (Reuters) – Brazil’s largest banks are increasingly demanding that companies put themselves up for sale as a condition to cut loan principal amounts, providing a jolt to an otherwise weak M&A climate in Latin America’s…
News Sinead Moore 10 Mar 2017 05:00pm A round-up of some of this week’s appointments, promotions, board moves and resignations … Read the full article at: http://economia.icaew.com/en/news/march-2017/movers-and-shakers-march-10
More than a fifth (22%) of East of England adults say that their personal or household finances are currently affecting their mental health, according to a survey of over 2,000 British adults by insolvency and restructuring trade body R3 and market research company ComRes. The R3 research revealed that other key causes affecting mental health…
Advertisement The U.S. Bankruptcy Court approved Cal Dive International motion to convert its Chapter 11 reorganization proceeding to a liquidation under Chapter 7. As previously reported, the Company had argued, As oil prices dropped, so did the appetite for oil and gas companies to drill offshore. This precipitous decline in the industry, in turn, caused…
Stuart Forrest speaking at the launch of the 2017 Entrepreneur of the Year award in Cape Town. Triggerfish Animation Studios is a South African film and entertainment animation company which produced the award-winning feature films Adventures in Zambezia and Khumba. It has also recently created the animation for Roald Dahls Revolting Rhymes TV series, which premiered…