Leslie Levinson is co-chair of the firm’s Transactional Health Law Group and a member of both the Health Law and Business Transaction Groups. He has represented private and public businesses throughout his more than 30-year career. Although Les maintains an active business law practice, he concentrates on the transactional, regulatory, and compliance representation of health…
Lipow Oil Associates President Andy Lipow discusses OPEC+ cutting nearly 10 million barrels of oil per day through July and demand amid coronavirus recovery. Oilfield services provider Schlumberger NV expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch…
WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
The ASC letter, formally announcing both the withdrawal of funding which forced the sport into voluntary administration and the transfer of its high performance program to the AIS, points out EA has received $13 million in grants in the past four years. It is our view, the letter states, it is the fundamental structure of…
A restructuring plan at oil-field services giantSchlumbergeris expected to cost more than a billion dollars as the company lays off more workers and further writes down the value of its assets Schlumberger is aligning its 17 product lines into four divisions and restructuring its global organization around five oil producing areas. The reorganization and other…
(Bloomberg) — Developed nations are considering financial support for a plan to relieve African countries of debt payments without triggering default, according to the United Nations committee steering the initiative. The debt-swap deal would channel payments due this year on international bonds back to the African nations, helping them fight the coronavirus and its economic…
The G20 countries issued a communiqu (14 page / 219KB PDF) in April announcing they had agreed on a coordinated debt suspension approach with a common term sheet for the initiative. Chinas foreign minister Wang Yi confirmed in May that China was pursuing debt relief for developing countries, largely in Africa, through the G20 debt…
WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead… Further to our last update on prospective changes to the UK insolvency regime in light of COVID-19, the UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead of several other…
Six years and nine months’ jail for a trip to Bunnings and helping a mate crack open cocaine-filled car parts was “unreasonable and plainly unjust”, NSW appeal judges have ruled. Biomedical scientist Klyde O’Shaughnessy will be eligible for release in November after his jail term was cut by 40 per cent this week. He successfully…