ISS Recommends Luby’s Stockholders Vote “FOR” The Company’s Plan Of Liquidation – PRNewswire

HOUSTON, Nov. 10, 2020 /PRNewswire/ –Luby’s, Inc. (NYSE: LUB) (the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading proxy voting advisory firm, has recommended that Luby’s stockholders vote in favor of the Company’s Plan of Liquidation and Dissolution (the “Plan”). In recommending “FOR” the Plan, ISS noted that1: “The board appears to…

Eleanor Temple, Yorkshire chair of R3, the insolvency and restructuring trade body, gives some tips for spotting business distress – Bdaily

Member Article Months after the initial lockdown, it has become clear that the pandemic will create long-term or even lasting changes that will mean some businesses are no longer viable. As the Government gradually withdraws the support packages available, it is vital that managers assess their business in light of the new normal. The sooner…

Iconic Australian fashion label Alice McCall enters into voluntary administration due to coronavirus – Fashion Journal

IMAGES VIA ALICE MCCALL WORDS BY JULIETTE CAPOMOLLA Another one bites the dust. In another blow to Australias fashion industry, popular Australian designer Alice McCall announced yesterday that her brand will be entering into voluntary administration. In a statement, McCall attributed the downfall of the brand to the coronavirus pandemic and unsustainable brick-and-mortar operations. Designers…

Grey nomads to be paid back hundreds of thousands of dollars after claim against motorhome dealer – ABC News

Hundreds of thousands of dollars in compensation will be paid to a group of grey nomads and retirees after a Queensland motorhome dealer was found responsible for causing them financial loss. Key points: The Queensland Office of Fair Trading is awarding nine motorhome owners a total of $700,000 Beth Stephensen says it was “like Christmas”…

Administration: key questions remain about pre-pack sales – economia

10 November 2020: Proposed legislation which places certain conditions on connected person sales in administration is very much under the spotlight. Will the proposed regulations solve the perception problem? A framework in which companies can be rescued or dissolved but endeavours to preserve jobs and look out for creditors is intrinsic to doing business. COVID…

Tiger Resources enters voluntary administration – Australian Mining

Latest News McGrathNicol Restructuring has been appointed as voluntary administrator of Tiger Resources to assess the future of the company and its assets. McGrathNicol Restructurings Rob Kirman and Rob Brauer will work alongside Tigers management and directors to explore options of either selling or recapitalising the company. The voluntary administration does not extend to Tigers…