Bodycote shares slid on Thursday after the heat treatment and thermal processing company announced another restructuring and sounded a downbeat note on the outlook for the civil aerospace market. The company, which already cut the workforce in its automotive and general industrial segment (AGI) earlier this year by around 1,000, said there will be a…
Advertisement Thursday, November 26, 2020 On 26 November 2020, The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Suspension of Liability for Wrongful Trading and Extension of the Relevant Period) Regulations 2020 (the Regulations) came into force. The Regulations have exactly the same impact as the suspension of liability for wrongful trading that was brought into…
Thursday, November 26, 2020 The Federal Court has today sensibly ruled that security interests do not vest in the company grantor simply because the company had at some time previously been in liquidation, administration or subject to a deed of company arrangement (DOCA). This decision should come as a great relief to secured lenders and…
(Yicai Global) Nov. 26 — Bankrupt Brilliance Auto Group’s headquarters in Shenyang, northeastern Liaoning province are a hive of activity as creditors line up to claw back funds, a visiting reporter from Yicai Global said. China Merchants Securities, Hana Bank, Huaxia Bank, Harbin Bank and Shengjing Bank had all signed into the building within a…
Bodycote shares slid on Thursday after the heat treatment and thermal processing company announced another restructuring and sounded a downbeat note on the outlook for the civil aerospace market. The company, which already cut the workforce in its automotive and general industrial segment (AGI) earlier this year by around 1,000, said there will be a…
The Insolvency and Bankruptcy Boards proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival. This also makes the case for a pre-packaged insolvency resolution all the more compelling. Pre-packs entail a debtor-initiated reorganisation plan beforehand with creditors on board instead of a financial bidding process for…
PARIS–(BUSINESS WIRE)–Regulatory News: Europcar Mobility Group (Paris:EUCAR): The Agreement in Principle has been entered into by the Company with a group of significant cross-holders2 in the 2024 Senior Notes, 2026 Senior Notes, EC Finance plcs Senior Secured Notes and holding interests in the RCF and the Credit Suisse Facility and has been approved at the…
By Reuters Staff 1 Min Read (Reuters) – Bodycote Plc said on Thursday it would carry out another restructuring, similar to the one in the first half that included more than 900 job cuts, as it expects the civil aerospace market to remain weak for at least the next 18 months. The heat treatment and…
Do you feel like youre drowning in debt? Dont raise the white flag just yet. Make sure youve considered all available options when it comes to paying your debts. Have you tried debt consolidation? If its your first time hearing about it, this might bring hope to your ailing financial condition. Debt consolidation may sound…
Thursday, 26 November 2020, 4:45 pmPress Release: MoneyHub MoneyHub’s re-launched guide to debt consolidation loans helps explain the benefits of combining debts into one loan. For homeowners, the guide explored the option of a revolving mortgage facility which can work out to be significantly cheaper than a new loan. MoneyHub’s Senior Researcher Christopher Walsh said:…