April 12, 2019

Potter Anderson Expands Its Bankruptcy and Restructuring Practice | Delaware Law Weekly – Law.com

RestructuringBy Insolvency Advisory Accountants April 12, 2019

Photo: Rawpixel.com/Shutterstock.com Potter Anderson & Corroon announced that it added three attorneys to its bankruptcy and restructuring practice. Christopher M. Samis and L. Katherine Good join the firm as partners, and Aaron H. Stulman joins as an associate. All three previously worked at Whiteford Taylor Preston. Samis handles corporate bankruptcy, business restructuring and other insolvency-related…

Thomas Cook warns it could have breached its own borrowing limits – Financial Times

RestructuringBy Insolvency Advisory Accountants April 12, 2019

Thomas Cook has told shareholders that it may have been regularly in breach of its own borrowing limits, marking the latest setback for the travel company which is restructuring in the face of shifting consumer habits. The group said on Friday that the board had received external advice that its current interpretation of its financing…

Apr 11, 2019 – Secret Hiding Places: Restructuring Opportunities – GuruFocus.com

RestructuringBy Insolvency Advisory Accountants April 12, 2019

Big changes sometimes can turn a mediocre company into a good one; thats the second theme of chapter five in Joel Greenblatt (Trades, Portfolio)s You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. Put emphasis on the word big above. Thats the key to finding profitable corporate restructurings:…

UK Government Intends on Imposing a Ban on Credit Card Gambling – Casino Guardian

GamblingBy Insolvency Advisory Accountants April 12, 2019

The Government of the United Kingdom is inclined to impose an outright ban on gambling with credit cards, which is established as a risk factor for developing problem gambling behaviours and fueling a gambling addiction. Following calls by the Labour Party for stopping the practice of gambling with money that you do not actually…

Star sues high roller over $43.2m gambling debt – Queensland Times

GamblingBy Insolvency Advisory Accountants April 12, 2019

STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast. In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the…

Petron Engineering Construction Ltd. – Corporate Insolvency Resolution Process (CIRP)-Liquidation – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

LiquidationBy Insolvency Advisory Accountants April 12, 2019

As you are aware the Company is under Corporate Insolvency Resolution Process as per Order dated 23rd March, 2018 issued by the Honble National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT has vide its Order dated 6th August, 2018 appointed Mr. Udayraj Patwardhan (Reg. No. IBBI/IPA-001/IP-P00024/2016-2017/10057) as the Resolution Professional of our Company. The…

Sissy-Boy declared bankrupt by Amsterdam court – NL Times

BankruptcyBy Insolvency Advisory Accountants April 12, 2019

The Sissy-Boy chian was declared bankrupt by the court of Amsterdam on Friday. The company filed for deferment of payment earlier this month. At that time, the company had 45 of its own stores and 600 employees, NU.nl reports. The group made an attempt to become more profitable last year, by cutting costs and investing…

SAP boss aims to double market value to $480 billion – CRN Australia

RestructuringBy Insolvency Advisory Accountants April 12, 2019

Europes largest technology company SAP aims to more than double its market value to between 250 billion euros and 300 billion euros ($400-$480 billion) by 2023, chief executive Bill McDermott told a German newspaper. McDermott said SAPs market capitalisation had increased to 140 billion euros ($221 billion) from 45 billion euros ($71 billion) since his…

Barbera family farms in Bundaberg liquidation – NT News

LiquidationBy Insolvency Advisory Accountants April 12, 2019

An established Queensland farming family, whose members include an Italian bikini model and a Supercar driver, is tied to companies being examined for alleged debts of more than $11 million. The Barberas have been farming zucchinis, capsicum and tomatoes in the Bundaberg region for almost 50 years, currently operating under M & R Farms. Family…

Lenders face a choice between debtor, guarantor – Vantage Asia

LiquidationBy Insolvency Advisory Accountants April 12, 2019

Guarantee as a form of collateral security is popular in financing deals as the liability of a guarantor and the principal debtor are coextensive. Thus, the creditor has a remedy against both the principal debtor and the surety without the having to exhaust the remedy against one of the parties before proceeding against the other.…

Daily Archives: April 12, 2019