Jonathan Levine has joined Morrison & Foerster as a partner with the business restructuring and insolvency group. Mr. Levine, who most recently worked with Andrews Kurth, has represented creditors committees and bondholder groups in industries including mining and energy. In addition to working on chapter 11 cases, he also has worked on out-of-court restructurings and distressed…
Seven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura Ashley…
The company with the licence to sell Jeep clothing and footwear in Australia has collapsed into voluntary administration. The collapse comes around 10 years after Jeep opened its first concept store in Melbourne through local licensee Revolution Brands. Revolution Brands appointed voluntary administrators last week, with Barry Wight from Cor Cordis Chartered Accountants acting as…
Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…
Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…
Feb 19 Koumbas Synergy Group : * Approves dissolution and liquidation of company Source text: bit.ly/1Vs4AlL Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN15Y038
Please enable Javascript to watch this video DENVER — It’s the end of an era as three Sports Authority stores in the Denver metro area will be closing as the Englewood-based company battles money issues. Besides the flagship location at the famed Sports Castle at 1000 Broadway, Sports Authority will close stores at 9000 E.…
Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…
18.02.2016 After a first review the insolvency administrator of German Pellets GmbH has come to the conclusion that no significant financial means are currently on hand with the aid of which the resumption of parts of the previous business operations could be financed. The stocks of finished goods, whose sale could generate liquidity, are…