How Abengoa Group impacted the Spanish economy

EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…

Sapura Energy’s Mexican unit declared bankrupt

KUALA LUMPUR (March 1): Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame given by a court in that country. The unit, Sapura Energy Mexicana Sociedad Anónima Promotora de Inversión de Capital Variable (SEM), is…

Mackay Goodwin announces second FY24 acquisition

Mackay Goodwin and RRI Advisory have announced they will merge to meet the growing demand for quality insolvency advice as Australian businesses continue to struggle. Business advisory and insolvency expertise company Mackay Goodwin will merge with Melbourne-based company RRI Advisory. RRI Advisory is a boutique insolvency company specialising in providing insolvency, turnaround and business restructuring…