Thai Airways heads to bankruptcy court in last-ditch restructure – Executive Traveller

Thai Airways will resort to the country’sBankruptcy Act to enter a sweeping “rehabilitation” plan following the government’s refusal to extend a bailout package to the trouble’s flag-carrier. In a statement issued to media, the Star Alliance member – whose domestic and international flights remaingrounded by the coronavirus pandemic said theThai Cabinet had approved a reform…

Bankrupt Hertz just told all its landlords it won’t pay rent for 6 months in the latest slam to commercial real estate – Business Insider

Hertz declared bankruptcy on May 22, carrying $US19 billion in debt. The iconic car rental company told its landlords days before that it would not pay them rent for the next six months, according to a letter reviewed by Business Insider. Its the latest example of a big-name corporation asking building owners, many of whom…

Bankrupt Hertz just told all of its landlords it won’t pay rent for six months in the latest slam to commercial real estate – Business Insider Australia

Hertz declared bankruptcy on May 22, carrying $US19 billion in debt. The iconic car rental company told its landlords days before that it would not pay them rent for the next six months, according to a letter reviewed by Business Insider. Its the latest example of a big-name corporation asking building owners, many of whom…

Mining engineering firm goes into insolvency owing $2m – Daily Mercury

QUEENSLAND’S mining services capital of Mackay and its resources resurgence have taken a hit with a longstanding local company going into voluntary administration. Ricbuilt Heavy Industries, a leading engineering company with a strong reputation in the mining services sector, owes creditors more than $2 million. Administrator Frank O’Neill from insolvency firm SV Partners said Ricbuilt’s…

Mining engineering firm goes into insolvency owing $2m – Noosa News

QUEENSLAND’S mining services capital of Mackay and its resources resurgence have taken a hit with a longstanding local company going into voluntary administration. Ricbuilt Heavy Industries, a leading engineering company with a strong reputation in the mining services sector, owes creditors more than $2 million. Administrator Frank O’Neill from insolvency firm SV Partners said Ricbuilt’s…

Melissa Lau and Philip Ascher join Jirsch Sutherland in Brisbane – Consultancy.com.au

National restructuring and insolvency firm Jirsch Sutherland has strengthened its Brisbane office with two new senior hires. Melissa Lau has joined Jirsch Sutherland as a partner, having previously worked as a director at Rodgers Reidy, a firm similarly dedicated to turnaround and recovery management. Before that, Lau was a senior manager in at Baker Tilly…

UK Corporate Insolvency and Restructuring Regulatory Changes – The National Law Review

Tuesday, May 26, 2020 On 20 March 2020, the UK Government published itsCorporate Insolvency and Governance Bill(the CIGB). When enacted, the new legislation will see the most extensive reforms to the UKs restructuring and insolvency regime in more than 15 years. The CIGB introduces both (a) permanent reforms and (b) temporary reforms specifically designed to…