Tuesday, April 23, 2019 Last month, Congress reintroduced theSmall Business Reorganization Act (SBRA), under which a new subchapter V would be added to chapter 11 of the United States Bankruptcy Code. This new subchapter would provide small businesses with aggregate liabilities that do not exceed $2,566,050 with an opportunity to resolve outstanding liabilities through a…
Lampe said Weyerbacher was looking for a partner for the last 18 months as financial issues weighed on the business, a larger regional brewery competing in the saturated, capital-intensive craft beer industry. The restructuring, Lampe said, will allow Weyerbacher to accelerate certain projects, including opening tap rooms, boosting offerings from the Weyerbacher Spirits line and…
International law firm Proskauer announced that David Hillman will be joining as partner in its Corporate Department, beginning on April 29th in the New York office. We are pleased to welcome David to Proskauer, said Martin Bienenstock, partner and chair of Proskauers Business Solutions, Governance, Restructuring & Bankruptcy Group. Davids acclaimed intellectual and practical prowess…
Nomura Holdings Inc.s chief executive vowed to keep Japans biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus. We cherish the strengths and utility that we have through our independence as a Japanese financial group, CEO Koji Nagai said in…
TAGS: Marketing, Overseas December 18, 2014 When grain prices sink and margins are tight, producers are faced with tough decisions. Some might even have a hard time paying their bills this year. Identify the cause of your financial pain, suggests Bob Milligan, a senior consultant with Dairy Strategies. Are we short on cash because we…
(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. FILE PHOTO: A J.Crew store is seen in…
The administrators appointed at Western Australias developer Carnegie Clean Energy have revealed the highest of four bids it managed to attract for its solar microgrid business Energy Made Clean (EMC) was only $200,000, while the lowest one stood at mere $40,000. This is well below the $13 million the company was bought for in 2016.…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
There are lessons for all employers in the case of David Bate, who was awarded $NZ189,950 ($A177,660) in an unjustified dismissal case against IBM New Zealand, a top employment lawyer says particularly local subsidiaries of multinationals left grappling to speedily implement a restructure ordered by an offshore parent. In a determination filed on April 5,…