Shares slump as Bangkok court sets two hearing dates to consider Thai Airways restructuring plan – ThaiExaminer.com

On Friday 14th August, the firms auditors, Deloitte Touche Tohmatsu Jaiyos, declined to sign off on the airlines accounts to June 30th citing concerns about financial liquidity, debt defaults and the ongoing losses of the venture as reasons. It comes as the airline industry association IATA points to government support for national airlines worldwide facing…

Pandemic is Starting to Affect Corporate Insolvency Levels – Business News Wales

Philip Winterborne, chair of insolvency and restructuring trade body R3 in Wales and a partner at Temple Bright solicitors, comments on the recent publication of the July corporate and personal insolvency statistics: The month-on-month rise in corporate insolvencies in July is largely down to an increase in administrations, Compulsory Liquidations, and Creditors’ Voluntary Liquidations (CVLs).…

Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to leave following the organisation’s announcement it has gone into liquidation. The news comes just 30 months after the venture began, with COVID-19 and a shortage of public support being suggested for the facility’s lack of success. The company which owns Mt Providence, New…

Residents evicted from Mt Providence aged care facility after company’s liquidation – Muswellbrook Chronicle

Residents at Mount Providence Village aged care facility have been told to leave following the organisation’s announcement it has gone into liquidation. The news comes just 30 months after the venture began, with COVID-19 and a shortage of public support being suggested for the facility’s lack of success. The company which owns Mt Providence, New…

Alvarez & Marsal Launches Financial Restructuring Practice in the Nordics – Business Wire

STOCKHOLM–(BUSINESS WIRE)–Global professional services firm Alvarez & Marsal (A&M) continues to expand its Financial Restructuring capabilities in Europe with the hiring of two new Managing Directors in the Nordics. Jonas Rickardsson has joined as the Head of Financial Restructuring in the region, and Dan Andersson has been appointed to lead the Nordic Operational Restructuring and…