During these turbulent times conversations between insolvency and restructuring practitioners and their clients may touch on attracting investment. This is nothing to be apprehensive of says Mike Jervis, Partner, Restructuring and Insolvency, at PwC UK. He sits within a team of close to 50 UK partners and 500 staff tasked with anything from cash management…
Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement following approval by the IMF Executive Board on a financing package for Sudan: Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt…
Gambling ‘whiz kid’ accused of owing investors $126million insists the money is ‘safe as houses’ despite being declared BANKRUPT in court Creditors claim they’re owed $126million by 27-year-old bet hedger Chris Brown He said money is safe despite being declared bankrupt, having his assets frozen Mr Brown’s business activitieswere funded by backers including schoolmates His…
Telson Mining Corporation is pleased to announce a restructuring of its Board of Directors to better reflect and support the current growth of the Company as it continues construction of its flagship Tahuehueto Gold mine, improves efficiencies and metal recoveries at its Campo Morado operating mine and progresses on its development towards becoming a mid-tier…
A sharp fall in company collapses masks the financial pain about to emerge from the pandemic, East Anglian insolvency experts are warning. The East of England branch of insolvency and restructuring trade body R3 is urging company bosses to plan ahead for the withdrawal of government support schemes. Ironically, the latest government figures for England…
Directors of companies often tender their resignation during the Corporate Insolvency Resolution Process (CIRP). Therefore, a pertinent question arises as to whether such resignation requires acceptance/approval from the Interim Resolution Professional (IRP) or the Resolution Professional (RP) or the Committee of Creditors (CoC) of the corporate debtor Furthermore, it is often contended that directors of…
The young mastermind behind a Perth betting scheme has been declared bankrupt and had his assets frozen as investors try to recoup up to $126 million. 9News found Chris Brown as he admitted he’s been lying low. In an exclusive interview, he claimed the missing money is as safe as houses. The 27-year-old said there’d…
SINGAPORE – The relationship between the Government and newsrooms should not be affected even as Singapore Press Holdings (SPH) restructures its media business into a model that can receive state funding, said Minister for Communications and Information S. Iswaran. In a ministerial statement on Monday (May 10), he said the Government “does not intend nor…
Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a U… Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a USD 7.1 billion financial restructuring following a Chapter 11 bankruptcy filing in August last year. Slaughters and Kirkland & Ellis…
“We know that people in this situation may find it harder to engage with debt advice and are being chased for their debts when they are least likely to be able to deal with it.” The Money and Pensions Service (MaPS) has launched a new pilot to help people in mental health crisis avoid worsening…