Ground-handling firm Swissport is set to be taken over by a group of creditors under a 1.9 billion ($2.3 billion) debt-for-equity swap as part of an extensive financial restructuring. Once the process is completed, seven institutions a group collectively known as AHG will control more than 75% of Swissports equity, unless a third party is…
Date: 31.08.2020 Liquidators have remuneration and funds-handling application approved Redstar’s late model prime movers and trailers were eventually sold off via auction New details have emerged on the complex company structure of Redstar Transport and its liquidation process, which has been ongoing since December 2018. Liquidators Martin Francis Ford and Stephen Graham Longley recently applied…
With more SMEs and NFPs under financial stress, directors must be alert to the signs of insolvency. As economic activity ramps up following COVID-19, directors of many organisations are facing brutal business realities. After thebushfire disastersandthe lockdown, many are in significant distress and the outlook for cashflow is grim. Following on from long days and…