Three GFG plants enter administration in France after Greensill collapse – S&P Global

Highlights French govt reportedly offers loan to wheelmaker Talks with union end at Poitou iron foundry Financier collapse compounded pandemic impact London Alvance Aluminium, part of the GFG Alliance Group, confirmed April 26 that its three downstream engineering businesses in France have been placed into voluntary administration on structural market changes and a lack of…

Diamond Offshore Completes Financial Restructuring – PRNewswire

HOUSTON, April 26, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) announced today that, on April 23, 2021, it and its debtor affiliates emerged from their chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization. The restructuring significantly delevers the Company’s balance sheet and provides substantial…

Broke Katie Price declares bankruptcy is ‘best thing that’s ever happened to me’ – Mirror Online

Newly-engaged Katie Price celebrated bankruptcy as the “best thing that’s ever happened to me”. Once worth a staggering 45million, the former glamour model revealed her bankruptcy has allowed her to have the last laugh. In a new interview, the mother-of-five said everyone who tried to get “everything” out of her “financially” no longer can take…

Singaporean Gambler Will Have to Appear in Australian Court over AU$43-Million Debt to The Star Entertainment – Casino Guardian

The VIP casino patron, who got the Singaporean courts favour not to pay his baccarat debt of AU$43 million to a gambling venue in Australia, will now have to explain the reasons for his unwillingness to appear before an Australian court to finally sort the matter out. As Casino Guardian reported at the beginning of…

Roland Berger adds three partners to restructuring practice – Consultancy.eu

26 April 2021 Consultancy.eu 2 min. read Global strategy consulting firm Roland Berger has added three new partners to its Restructuring practice in Germany and France. In France, Roland Berger admitted the 48-year-old Benot Hochet into its Paris partnership. Appointed a partner and co-head of the French Restructuring, Performance & Transformation practice, Hochet has ben…

Simple restructuring tips during recession – Business Daily

Personal Finance Simple restructuring tips during recession Monday April 26 2021 By CATHY MPUTHIAMore by this Author Summary During this time of economic recession, businesses need every sound financial management strategies to survive. Covid restrictions and the economic recession necessitate some businesses to undergo some forms of restructuring to survive. Corporate restructuring involves a major…