The AFLs restructuring of its operations will see a change of management at Melbournes Marvel Stadium with the Docklands venue to become wholly integrated into the AFL structure. Prompted by an expected $400 million loss of income this year due to Coronavirus pandemic and anticipatingfuture financial challenges, the AFL has ended the independent management of…
ROLLE, Switzerland–(BUSINESS WIRE)–Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced that, with the assistance of its financial and legal advisors, it is exploring alternatives for addressing its previously disclosed balance sheet concerns. On June 12, 2020, Garrett entered into an…
If you are a retiree in Australia, there is a range of government financial help available if you meet eligibility requirements. Contrary to popular belief, there is no official retirement age in Australia. You can retire at any age you like, provided you can afford it. You can also work for as long as you…
Gatwick has announced plans for a significant restructure across its business. The airport said the move was designed to further reduce operating and staff costs in light of the dramatic impact Covid-19 has had on its passenger and air traffic numbers. Owners VINCI Airports hope the redesign will reshape the company so it is best…
For years, small business debtors have struggled with the intricacies of Chapter 11, the debt limitations of Chapter 13 and Chapter 7 bankruptcy liquidations. Stringent requirements and procedural hurdles often made restructuring a prohibitively expensive option for many small business debtors. Congress attempted to address these issues with H.R. 3311, the Small Business Reorganization Act…
August 26, 2020 06:00 ET | Source: UPM-Kymmene Corporation multilang-release UPM-Kymmene Corporation Stock Exchange Release (Inside Information) 26 August 2020 at 13:00 EET UPM plans restructuring and streamlining to ensure performance To ensure future competitiveness of UPM Communication Papers, UPM announces plans for permanent closing of UPM Kaipola paper mill in Finland, sale of UPM…
THE WHAT? Inglot Cosmetics has become the latest victim of the COVID-19 pandemic as its owners announced that it would place the Irish holding company into liquidation, according to a report published by the Irish Times. THE DETAILS The Swarbrigg family will continue to run the brand as an online and wholesale operation, closing all…
The Insolvency, Restructuring and Dissolution Act 2018 (the “IRDA”) came into force on 30 July 2020. The consolidation of all personal and corporate insolvency and debt restructuring legislation into a single statute, along with other legislative changes, seeks to further strengthen Singapore’s position as an international debt restructuring hub. This note highlights the new restrictions…