The ACT Council of Social Service (ACTCOSS) has made a submission to the Australian Federal Parliament calling on all parties to act to protect Australians from gambling harm by restricting the use of credit cards for online gambling. ACTCOSS and the Canberra Gambling Reform Alliance (CGRA) made this plea through their submissions to the Senate…
The administrators will pursue a sale of the company and are encouraging interested parties to come forward. The administrators are continuing to trade the business whilst they undertake an urgent appraisal of Data Republic, the administrators said in a statement. The administrators will work closely with Data Republics employees, suppliers and customers to stabilise operations…
SINGAPORE – Singapore Press Holdings (SPH), which publishes The Straits Times and Lianhe Zaobao, intends to transfer its media business to a not-for-profit company as part ofa strategic review of its various businesses. Announcing the move on Thursday (May 6), SPH chairman Lee Boon Yang said the transfer will enable the media business to focus…
Investment banks and other financial advisers are putting the business of fixing troubled companies on the back burner as financial distress stemming from the Covid-19 pandemic diminishes. Instead, advisory firms like FTI Consulting Inc., Greenhill & Co. and Lazard Ltd. , are turning more focus to blank-check companies; mergers and acquisitions; capital raising; and environmental,…
May 5, 2021 The Asian Lawyer has named Duniatex Groups $2.6B Debt Restructuring as Finance Deal of the Year: Insolvency and Restructuring at The Asia Legal Awards 2021. Gibson Dunn advised Duniatex Group on the deal. The transaction was led by Singapore partnersJamie Thomas andTroy Doyle, with assistance from Singapore of counsel U-Shaun Lim, Singapore…
MUMBAI: Reserve Bank of India on Wednesday extended relief to individuals and small businesses who have loans up to Rs 25 crore by allowing them to seek a loan restructuring if they are affected by the second wave of the Covid-19.Announcing a series of steps to ensure financial stability, the central bank also loosened its…
SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). The restructuring exercise involves transferring the entire media-related businessof SPH to a newly incorporated wholly owned subsidiary, SPH Media Holdings. Advertisement Advertisement The transfer involves relevant…