This Company Conducted a $1.2-Billion Restructuring as Part of Succession Planning — Here’s What You Need to Do … – Entrepreneur

When it comes to preparing a succession plan, it’s probably not at the top of the typical entrepreneur or business owner’s to-do list. Preparing for the next generation of leadership and putting a succession plan in place takes time, planning and thoughtful execution. Related: Now Is the Time to Think About Your Small-Business Succession Plan As business…

Vietnam Railways in grave need of restructuring – VietNamNet Bridge

With its cumbersome and ineffective apparatus, Vietnam Railways (VNR) plans to restructure its operations to resurface and regain market share. Pressure for change After many years of declining revenue and profit, VNRs business operations have produced positive signs. Notably, in the third quarter of this year, VNR reported increases in both passenger volume (3.77 million)…

NCLT rejects Anrak’s insolvency petition in ‘national interest’ – Economic Times

HYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…