Kingland Group Faces Financial Impact Due to Paul Y. Entities Liquidation – TipRanks
Kingland Group Faces Financial Impact Due to Paul Y. Entities Liquidation TipRanks Read the original article here
Victory Portfolios II Announces Liquidation of ETFs
Victory Portfolios II today announced plans to liquidate the VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd ETF (CSA), and VictoryShares THB Mid Cap ETF (MDCP) (the “Funds”). The decision to liquidate the Funds was the result of the Company’s regular review of its product lineup to ensure it…
Qatar, Virgin Australia deal approved
Andy Park: Treasurer Jim Chalmers has signed off on a major international airlines bid to buy a significant stake in Virgin Australia. Qatar Airways will now own a quarter of the Australian airline, allowing Virgin to resume international flights to major tourism destinations, cancelled after the troubled airline went into voluntary administration. Aviation experts say…
‘Blue Book’ launched to strengthen corporate insolvency and restructuring
In a bid to equip Ghanaian businesses with essential legal knowledge for navigating corporate growth and financial uncertainty, the book Companies, Corporate Insolvency and Restructuring in Ghana: The Law and Practice (Volume 1) has been officially launched. Authored by Ace Anan Akomah et al., the book—also known as the Blue Book—serves as a comprehensive guide for businesses, legal…
Social Security Administration offering voluntary buyouts ahead of layoffs
The Social Security Administration is offering financial incentives ranging from $15,000 to $25,000 to employees who choose to voluntarily resign from the federal agency, ahead of what they warn will be “significant workforce reductions.” A message sent out to employees Thursday stated that the agency will soon implement restructuring that includes workforce cuts and “massive…
Operator of Walleys Quarry landfill goes into liquidation | Local News | News | Stoke Nub News
The company operating the controversial landfill site Walleys Quarry in Newcastle-under-Lyme has entered liquidation, The Environment Agency (EA) has confirmed. The landfill site in Silverdale has been closed to new waste since November and residents in the area have been fighting a years-long campaign to have the site shut due to foul smells. The site…
Smith and Reed recruitment in Truro goes into liquidation – MSN
Smith and Reed recruitment in Truro goes into liquidation MSN Read the original article here
Petrofac’s Creditors Fight Firm’s Restructuring in London Court
(Bloomberg) — Creditors to Petrofac Ltd are opposing its debt restructuring, a proposal the oil services firm says it needs to prevent its collapse into liquidation. Saipem Spa and Samsung E&A Co Ltd argue that they are the primary targets of the prospective restructuring, given they are “very substantial actual and contingent creditors” of Petrofac…
Adani Power share price – Adani Power shares soar 9% on resolution plan approval; check target prices
Shares of Adani Power Ltd surged during the trading session on Tuesday after a resolution plan submitted by the Adani Group firm was approved by the committee of creditors of Vidarbha Industries Power (VIPL), which is undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) 2016. On the back of heavy trading…
Practical advantages of pre-reorganisation in corporate rescue
The pre-reorganisation system serves as a transitional mechanism between out-of-court restructuring and formal bankruptcy reorganisation. It is being increasingly applied to help courts more accurately assess a company’s reorganisation value, facilitate preparatory arrangements for proceedings, and ultimately improve the efficiency and success rate of corporate rescue. The origins The pre-reorganisation system originated in US judicial…