Hewlett Packard Enterprise has removed layers of management in Australia and worldwide in a bid to flatten its structure, reduce complexity and lean more heavily on partners. The sweeping changes include shedding two tiers of its global leadership, breaking up the Asia Pacific & Japan region and merging its channel and alliance teams into a…
HOUSTON, Dec. 11, 2017 /PRNewswire/ — Charming Charlie (the “Company”) today announced that in continuation of its efforts to stabilize its business, the Company has entered into a Restructuring Support Agreement (“RSA”) with a majority of its Term Loan Lenders and Equity Sponsors. The RSA provides for a comprehensive financial and operational restructuring that will significantly…
Hindustan Dorr-Oliver owes banks over Rs1,400 crore, as of March 2017. Mumbai: Eight Capital Group and Centrum Capital Ltd are in a race to pick up a majority stake in Hindustan Dorr-Oliver Ltd (HDO), which is currently facing corporate insolvency proceedings, two people familiar with the development said. Debt-laden IVRCL Ltd, in which banks own…
NEW DELHI: The government is looking at a proposal to give higher priority to the claims of small operational creditors in cases of liquidation under the bankruptcy code, an official said. This comes after representations that small and medium enterprises (SMEs), which are suppliers of goods or services to a defaulting company, face huge losses…
BIRMINGHAM, Ala. (AP) Police are investigating the slaying of a man found shot at an Alabama apartment complex. Birmingham police say officers were called Sunday evening to the HighPointe Apartments complex. The victim was found shot in one of the apartments. Al.com reports that police say their preliminary investigation shows the slaying may have results…
Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices. We would like to congratulate Andrew, Claire and Julie…
By Davide Barbuscia and Tom Arnold DUBAI (Reuters) A detained Saudi billionaire who led the collapsed Saad Group is seeking to repay part of a multi-billion dollar debt to creditors under a deal that could allow his release, people familiar with the matter told Reuters. The businessman, Maan al-Sanea, was detained in October in the…
MUMBAI: Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT). Khambata is also representing China Development Bank (CDB) in its insolvency plea against the Anil Ambani owned company to recover dues worth $1.78 billion (Rs 11,460…
SINGAPORE, Dec. 12, 2017 /PRNewswire/ — 1. Introduction 1.1 The Board of Directors (the “Board“) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group“) refers to the announcements made on 31 August 2017, 4 September 2017 and 26 September 2017 (“Previous Announcements“). Unless otherwise defined, terms used in the Previous Announcements shall…
Almost $13 trillion. Thats the eye-popping figure for total household debt as of September 30, 2017, according to the Federal Reserve Bank of New York. To put that in perspective, the former record was set in the first quarter of 2008, right before the onset of the financial crisis. Credit card debt, auto loan debt,…