By Anthony O. Goriainoff Manolete Partners PLC said Tuesday that its performance to date has been in line with management’s expectations despite the effect of the Corporate Insolvency and Governance Act 2020, known as the “temporary measures,” which led to a fall in corporate insolvencies. The act came into force on June 26, 2020, and…
Macaus Gaming Inspection and Coordination Bureau (DICJ) told senior representatives of the citys gaming industry on Monday that it will consider both Macaus employment market and ROI for investors in determining the length of licenses to be issued under the upcoming re-tendering process for Macaus gaming concessionaires. The update formed one of the few pieces…
Alan J. Brody, a Restructuring & Bankruptcy shareholder in global law firm Greenberg Traurig, LLP’s New Jersey office, will co-chair the 2021 Turnaround Management Association (TMA) Mid-Atlantic Networking Summit on Sept. 23-24 at the Hard Rock Hotel & Casino in Atlantic City, NJ. The conference is the “premier event for the Mid-Atlantic region” and will…
The Melbourne Star observation wheel is facing a multimillion-dollar debt bill after it was forced to close, becoming the latest high-profile casualty of the COVID-19 pandemic. MB Star Properties Pty Ltd announced earlier this month the company was going into liquidation because travel restrictions and lockdowns had exacerbated financial struggles and made it impossible to…
Andrew Left called Evergrande insolvent in 2012. Citron Research The looming debt crisis faced by China’s second largest property developer was on Andrew Left’s radar nearly 10 years ago. The famed short-seller said China’s Evergrande would be “severely challenged from a liquidity perspective” in a 2012 report. Hong Kong subsequently imposed a five-year ban on…