Akamai Technologies Indias global content delivery network, cybersecurity, and cloud service company has announced a major restructuring plan. Under the plan announced, Akamai is realigning into two business groups Security and Edge Technology, effective March 1st, 2021. These two groups will be driven and supported by a single Global Sales unit. Overall, the Akamai restructuring…
Is Your Business on the Verge of Bankruptcy? 5 Warning Signs Your Company is Approaching Insolvency Whether your business is growing exponentially month after month or generating stable profits, executives poor business choices and mismanagement of funds can quickly lead a thriving corporation into insolvency. When individuals or companies can no longer meet their financial…
Thursday, February 25, 2021 Following on frompart 1of our predictions for 2021 for the UK restructuring marketpart 2 looks at CVAs, directors duties and HMRC and insolvencies. We had hoped to cover off everything in 2 parts, but 2021 looks to be a busy year so we will publish the final part of this series…
image copyrightGetty Images Asda says it has begun consulting with workers over a major restructuring of the business which could put about 5,000 jobs at risk, including 3,000 non-store jobs. Proposed cuts would include in areas such as cash management, where there is less work as more people shop online. The company said it planned…
Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Getty This story is part of a series in support of America Saves Week 2021. Since 2007, this initiative has provided a call to action for U.S. consumers to save…
At his recent town hall, Joe Biden made a series of convoluted and condescending comments about American student debt. His remarks cast doubt on his ability, or willingness, to confront this countrys ballooning student loan crisis. Within hours, #cancelstudentdebt was trending on Twitter. Bidens rambling justification of the status quo was peppered with straw men,…
Two religious leaders, including the chairman of a U.S. bishops’ committee, urged the Biden administration to support the release of $3 trillion in global reserve funds to help developing countries respond to the coronavirus pandemic. Writing Feb. 23 to the White House, the leaders also called on the Group of 20 nations, or G-20, and…
The enactment of the Insolvency and Bankruptcy Code 2016 (Code) has had significant ramifications on the corporate insolvency landscape. Over time, the Code has witnessed a manifold increase in litigation, and consequently in the number of decisions. This has made it difficult for insolvency practitioners to stay updated with developments in the field. The purpose…
Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore which declared bankruptcy in March 2020 has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounting to PLN 234,680,000 net…
MARYVILLE, Tenn.–(BUSINESS WIRE)–Feb 24, 2021– Ruby Tuesday today announces its successful emergence from bankruptcy. A Delaware bankruptcy judge confirmed the casual dining restaurant chains Chapter 11 plan of reorganization on February 17. The company had sought bankruptcy protection on October 7, 2020. The bankruptcy allowed Ruby Tuesday to shed liabilities, including leases from closed locations…