(WBNG) — Included in the American Rescue Plan was $5 billion which is to dedicated toward providing debt relief for farmers of color. It’s part of a federal effort to reconcile years of discrimination in the farming community. Assemblywoman Donna Lupardo responded to the bill Wednesday with a statement, writing: “Socially disadvantaged farmers have been…
RIO DE JANEIRO, BRAZIL – A Rio de Janeiro court declared Wednesday the bankruptcy of MMX Minerao e Metlicos, the mining company controlled by former Brazilian tycoon Eike Batista, who was once considered the seventh richest man in the world before his conglomerate collapsed. The Sixth Civil Chamber of the Court of Justice of Rio…
Shutterstock Washington DC Bankruptcy litigators Erika Morabito and Brittany Nelson join firm in Washington DC Quinn Emanuel Urquhart & Sullivan has hired a duo of bankruptcy lawyers from Foley & Lardner to further bolster its insolvency and restructuring litigation capabilities. Erika Morabito and Brittany Nelson join as partners in the firms Washington DC office, bringing…
A new framework will be introduced for the cooperation between the courts of Hong Kong and Mainland China on cross-border corporate insolvency. The Secretary for Justice, Ms Teresa Cheng SC, and Vice-president of the Supreme Peoples Court (SPC), Mr Yang Wanming, signed a Record of Meeting in Shenzhen on 14 May 2021 to signify the…
drafting of Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 commenced Small Company Administrative Rescue Process (SCARP) will be a simplified restructuring process for viable small companies that is timely and cost effective SCARP caters for the issue of onerous contracts debts owed to the State are addressed by SCARP Minister for…
Billy Porter has been living with HIV for 14 years. (Getty Images) Billy Porter has shared that he’s been living with HIV for 14 years. The 51-year-old actor opened up about receiving the diagnosis in a new interview with The Hollywood Reporter. The Pose star, who plays HIV positive character Pray Tell on the series,…
published : 19 May 2021 at 14:57 updated: 19 May 2021 at 18:49 writer: Agencies Thai Airways aircraft are parked on the tarmac at Bangkok’s Suvarnabhumi International Airport March 27, 2015. (Reuters file photo) Thai Airways International’s creditors have voted to approve the airline’s restructuring plan, its legal advisor said on Wednesday. “Ninety percent of…
The companies have also improved their offers, which were submitted to the Committee of Creditors (CoC) on Tuesday. Construction firm NBCC submitted its bid just before midnight while Mumbai-based realty firm Suraksha submitted its resolution plan on Tuesday afternoon, sources said. The deadline to submit the bids was Tuesday. A meeting of the CoC will…
The Appen Ltd (ASX: APX) share price is on watch this morning after providing a trading update and announcing a restructuring to the market. This restructuring is aimed at aligning to the companys product-led and consumer-centric strategy, as well as changes to financial reporting to give greater visibility to the drivers and performance of the…
The engineering firm said the restructuring of Chamberlin and Hill Castings Ltd and its integration into the business has been completed while also winning a 3-year contract to supply components for diesel engine generators () has updated investors on its operations as it continues its restructuring efforts. The specialist castings and engineering firm said the…