Many bonds are about to mature this year and overdue bonds are putting great pressure on real estate businesses. Photo chinhphu.vn HCM CITY The pressure of maturing bonds is still weighing heavily on real estate businesses in the HCM City, forcing these businesses to find solutions to restructure debt. The fact that these real estate…
SKEcoplantheadquartersinSeoul(ByDae-chulLim) SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the parent SK Group as the countrys second-largest conglomerate is seeking to streamline its business to focus on promising growth sectors. The restructuring, along with SK Ecoplants merger with SK Materials Airplus Inc.,…
Revenues ongoing negotiations earlier this year with companies who availed of a pandemic-era warehoused tax debt scheme has been cited as a key reason for a decline in the number of small company restructurings in the first half of 2024, a new survey has found. According to research from Azets Ireland, 13 Scarp restructuring procedures…
New research into the Small Company Administrative Rescue Process (SCARP) scheme has shown that 206 jobs have been saved so far this year as the number of businesses starting the process drops significantly. The SCARP scheme was first introduced in late 2021 to help small and micro companies who are still viable, yet insolvent, restructure…
The future of French IT heavyweight Atos is on firmer ground after the company secured funding for its rescue plan by signing a Lock-Up Agreement with creditors, although the restructuring remains subject to certain conditions. Atos reached agreement earlier this month on a restructuring deal with a group comprising some of its banks and bondholders,…
Home-grown turnaround & restructuring consultancy McGrathNicol is celebrating its 20th anniversary, having over that time grown to a headcount of 55 partners and 350-plus staff. The firm was established by former KPMG insolvency partners Colin Nicol and Tony McGrath together with a number of other senior colleagues, when they were forced to split from the…
Credit: Pixabay/CC0 Public Domain Middle managers play an important role in an organization undergoing structural change. They are the ones who must implement the changes, but conversely, as employees, they will be subject to the very changes they put in place. This can often put them in a place of conflicting demands, where they must…
July 11, 2024 8:50 PM EDT | Source: good natured Products Inc. Vancouver, British Columbia–(Newsfile Corp. – July 11, 2024) – good natured Products Inc. (TSXV: GDNP) (OTC Pink: GDNPF) (the “Company” or “good natured“), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, announced today that pursuant to the order…
Vancouver, British Columbia–(Newsfile Corp. – July 11, 2024) – good natured Products Inc. (TSXV: GDNP) (OTC Pink: GDNPF) (the “Company” or “good natured“), a North American leader in eco-friendly food packaging, bio-based plastic extrusion and plant-based products, announced today that pursuant to the order (the “Initial Order“) obtained from the Supreme Court of British Columbia Justice…
Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring The volume of new corporate restructuring mandates is set to continue rising over the next…