That included one alert created this month called Venice Panther, which had listed as recipients several KPMG staff involved in mergers and acquisitions. That included Sam McClure, a partner in KPMG Australias deal advisory services group. The four companies in that alert were residential aged care outfit Japara Healthcare, which has KPMG as an auditor;…
The Insolvency Service of Ireland has warned the economic impact of Covid-19 may exacerbate the issue of unsustainable debts and create new debt problems for others, especially when the existing emergency financial support measures are cut. The ISI said the personal insolvency framework remained operational and continued to be available to those who needed it…
The clarity of purpose created by this change will protect shareholder value, enabling each business to focus on their respective strategic opportunities and challenges presented by the accelerating energy transition. Shareholders will get one share of each new business for each AGL share they currently hold. The demerger plan, first flagged by then-CEO Brett Redman…
The statement again confirmed that GFG Alliance had reached a formal standstill agreement with Credit Suisse Asset Management over LPMA debts related to Greensill bonds, which will enable the business to complete full refinancing. And it confirmed that the deal with US private equity firm White Oak Global Advisers to refinance LPMA which includes the…
Motorcyclists queue-up for fuel at a petrol station in Sudan’s capital Khartoum on June 10, 2021. Sudan has ended fuel subsidies as part of an IMF-backed reform programme, helping it secure a $2.5 bn loan from the financial institution The IMF on Tuesday approved a $2.5 billion loan for Sudan, and with the World Bank…
When the bankruptcy code was brought in five years ago, there was much hope, not only in India but in the entire global business community. No wonder the very next year, Indias ranking in the Ease of Doing Business shot up from 108 to 52. However, after five years, except for a few big-ticket hits,…
SAN JOSE The reopening of a bankrupt downtown San Jose hotel thats been closed since March in the wake of the coronavirus has landed in limbo after a judges ruling. A set of decisions by a U.S. Bankruptcy Court judge enables the start of an arbitration proceeding to resolve a dispute between the bankrupt Fairmont…