by Ajit Jain The OECDs new transfer pricing approach to business restructuring, as described in Chapter IX of 2017 OECD transfer pricing guidelines, has changed radically from prior versions. These new transfer pricing guidelines, released on July 10, echo important changes made in 2015 OECD/G20 base erosion and profit shifting (BEPS) project regarding how to…
Welcome to Fix My Finances, Yahoo Finances personal finance series. Each episode, we take a look at one viewers financial state of affairs and offer advice, insight and information on a variety of issues, including how to save more, spend less and pay off lingering debt. In this episode we spoke with Jessica, a 23-year-old college student living…
Vertu, a British company which has been designing and selling high-end luxury smartphones starting at $6,900 for more than a decade, is being liquidated after failing to sell enough high-priced phones to pay its bills. The demise of Vertu was revealed in a July 13 story by BBC.com, after the company was bought by a…
Following a trading halt on the ASX yesterday, the beleaguered Ten Network has been placed into voluntary administration. Tens directors have appointed Korda Mentha as the voluntary administrators of the network and its subsidiaries. Advertisement The announcement come… Read the full article at: http://if.com.au/ten-enters-voluntary-administration/
With the Gujarat High Court dismissing Essar Steel’s plea against RBI’s insolvency order, the company today said it should have been given time to complete its debt restructuring. Essar Steel further said it apprehended that bankruptcy proceedings at this stage may lead to deterioration of the company’s operations delay the resolution discussion…
AHMEDABAD: The Gujarat High Court dismissed Essar Steels plea against the Reserve Bank of India directive asking lenders to initiate bankruptcy proceedings against the debt-laden company, observing that the regulator and banks are empowered to do so, giving a boost to the governments efforts to clean up the countrys bad-loan mess. But the court cautioned…
Daniel Montville knew a debt consolidation loan wouldnt solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again. Montville took out the loan in 2015, but within a year he had fallen…
Brian Pfeiffer. Courtesy photo White & Case has lured away Schulte Roth & Zabel partner Brian Pfeiffer as part of an expansion of its global financial restructuring and insolvency practice. Pfeiffer, who joins as a partner at White & Case, will split his time between the firm’s New York and Miami offices. His move…
The company’s existing lenders have agreed to continue to support the company by providing debtor-in-possession (DIP) financing that will be combined with its cash from operations to ensure and support continued business operations. “Beaulieu family members and our board of managers believe pursuing a restructuring through chapter 11 is the best path forward at this…
By Associated Press Published: 00:09 +10:00, 18 July 2017 | Updated: 00:14 +10:00, 18 July 2017 e-mail Daniel Montville knew a debt consolidation loan wouldn’t solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to…