(Source: 3TV/CBS 5) PHOENIX (3TV/CBS 5) — While many people are excited that sports betting is now legal in Arizona, others say there is a dark side to expanding gambling in our state. “When I first started, it was fun,” recovering gambler Steve Feinberg said. He got hooked at just 15. “I was an active…
A man holds a petrol nozzle in a petrol pump in Kolkata, India, 03 July, 2021. Indranil Aditya | NurPhoto | Getty Images DETROIT Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the automaker’s operations as part of…
ARDSLEY, N.Y.–(BUSINESS WIRE)–Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced a corporate restructuring to reduce costs and more closely align operating expenses with expected revenue. The Company also announced changes to its management team. Corporate Restructuring As a result of the restructuring, the Company is reducing headcount by 15%. Most of the reduction in personnel will…
Politicians and academics are turning their attention to a new trade pitch for South Africa: debt relief in exchange for progress toward global climate goals. The debt-for-climate concept, which was floated by International Monetary Fund MD Kristalina Georgieva in April, has been picked up by South African Deputy Finance Minister David Masondo and the South…
Law360, London (September 9, 2021, 12:03 PM BST) — The government said on Thursday that it will end in October a COVID-19 relief measure that protects companies from enforcement action by creditors but will bring into play targeted measures to support small businesses seeking to get back on their feet after the pandemic. The Insolvency…
Introduction The Insolvency and Bankruptcy Code 2016 (IBC) was enacted with a view to consolidate and amend the laws governing insolvency and reorganization of private companies, partnership firms and individuals in a time bound manner. The IBC sought to replace the void left by the Sick Industrial Companies Act 1985 (repealed in 2003) which was…
PwC has further enhanced its business restructuring services (BRS) with the appointment of Rob Asplin as a senior adviser. Asplin brings two decades of expertise in the restructuring and private equity sectors, specialising in protecting and creating value in turnaround situations. His appointment at PwC will have a particular focus on working with private equity-backed…
Temporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October. Companies in financial distress as a result of the pandemic have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act 2020. This was to ensure that viable businesses affected…
Thu, 09 Sep 2021 | BUSINESS NEWS The Insolvency Service has announced that temporary measures introduced last year to help viable businesses avoid being forced into unnecessary insolvency during the COVID-19 pandemic will be phased out from October 1. The end of the previous legislation will occur alongside the introduction of new measures to help…
The Minister of State at the Department of Justice, James Browne, is due to bring forward a new regulatory framework for gambling this autumn. Since previous minister for justice Alan Shatters Gambling Control Bill was drafted in 2013, each year brought more disappointment that successive governments failed to enact new legislation. Shatters legislation represented an…