BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 5 SEPTEMBEROCTOBER 2021IN THIS ISSUE1 Secured Lenders Credit Bid Right in Bankruptcy Sale Denied4 Structured Dismissal of Chapter 11 Cases Did Not Violate Jevic8 Work-for-Hire Film Production Agreement Not Executory Contract in Bankruptcy Due to Lack of Mutual Continuing Material Obligations12 Stalking Horse Bidder May Be Entitled to Administrative Priority…
Photo by Towfiqu barbhuiya on Unsplash All debt relief options share a common goal: to help individuals and their families get out of debt. Although their purpose is the same, they can have varying effects on your short and long-term financial health. Comparing debt settlement vs. other relief options like debt consolidation loans, bankruptcy, and…
Registered company insolvencies across England and Wales spiked 71% year-on-year to 1,348 in August 2021. The figure, which was slightly below August 2019s 1,366 insolvencies, consisted of 1,256 CVLs, 35 compulsory liquidations, two CVAs, and 55 administrations. Related Articles This represented a year-on-year climb of over 50% for both CVLs and compulsory liquidations, while administrations…
Entain PLC updates Sign up to myFT Daily Digest to be the first to know about Entain PLC news. DraftKings, the fantasy sports and betting company, has made a roughly 16.6bn offer for Entain, setting the stage for a battle with the UK gambling groups joint venture partner in the US, the casino giant MGM.…
David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Jim Chanos holds a short position against US casino stock Wynn, saying it’s 50% overpriced. Wynn’s exposure to the potential overhaul of the gambling industry in Macau should not be ignored, he said. The US casino’s stock was last trading around $82 per share on Tuesday, but Chanos said it’s…
MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2022 second-quarter results. Second-quarter revenue grew 2.0 percent to $325.8 million, compared to $319.5 million in the second quarter of fiscal year 2021, led by growth in Architectural Services and Large-Scale Optical. The company reported a net loss of $(0.08) per diluted share, which included…
published : 21 Sep 2021 at 20:10 writer: Reuters FILE PHOTO: Bank of Thailand Deputy Governor Mathee Supapongse in 2015 (Photo supplied) Thailand’s increased public debt ceiling will give flexibility in policy implementation to cope with the coronavirus and support the economy as fiscal measures are still necessary, the central bank said on Tuesday. The…
It looks like I was right to predict the start of the autumn would herald the end of covid insolvency aid for limited companies, but fortunately for any contractors in distress, the aid officially running dry on Thursday September 30th wont make it business as usual on Friday October 1st, writes Gareth Wilcox, partner at…
Mrs Jemima Oware, the Registrar-General, says the implementation of the new Companies and the Corporate Insolvency and Restructuring Acts (CIRA) will turn the fortunes of businesses in the country. The Companies Act, 2019 (Act 992) and the CRIA 2020 (Act 1015) were passed into law on August 2, 2019 and April 30, 2020 respectively, to…
Mrs Jemima Oware (middle), Registrar General, making some remarks as Mr Felix Addo (left), President, Ghana Association of Restructuring & Insolvency Advisors, and Mr Hamidu Solo (right), Project Lead, International Finance Corporation, look on. Picture: NII MARTEY M. BOTCHWAY The Registrar Generals Department (RGD), in collaboration with its partners, has launched a soft copy of…