EU Restructuring Directive to offer ailing Cyprus companies a lifeline – Cyprus Mail

On June 26, 2019, the Directive (EU) 2019/1023 of the European Parliament and of the Council of June 20, 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and of measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (the EU Restructuring Directive),…

New guide provides financial restructuring alternatives for businesses hoping to avoid bankruptcy – Canadian Lawyer Magazine

While dealing with financial difficulties is never easy, early identification of a companys financial situation is often the key to successfully implementing measures that will allow it to maximize its options, said Jean Fontaine, Montreal-based partner and member of the firms restructuring and insolvency group, in the news release. Canadian businesses who are anticipating economic…

Sanjeev Guptas Liberty Steel to sell UK plant in restructuring plan – Business Standard

Liberty Steel, the company led by British Indian businessman Sanjeev Gupta, on Monday announced very constructive and productive meetings as part of its ongoing restructuring plans, which will result in the sale of its Stocksbridge plant in south-east England to help pay back lender Credit Suisse. Gupta, who heads the wider Gupta Family Group (GFG)…

Garuda faces ‘abrupt end’ without major restructuring, halving fleet – Executive Traveller

Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. We have to go through a comprehensive restructuring, a total one, President Director Irfan Setiaputra…