Gupta carved up business empire in attempt to secure UK Covid loans – Financial Times

Metals magnate Sanjeev Gupta restructured his business empire last year in an attempt to maximise the amount of UK taxpayer-backed loans he could draw on through the governments coronavirus lending scheme. Companies affiliated with Gupta applied for hundreds of millions of pounds of loans via Greensill Capital, which tapped the Coronavirus Large Business Interruption Loan…

Research: Joint Ventures that Keep Evolving Perform Better – Harvard Business Review

Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring. Successful companies actively manage their…

Research: Joint Ventures that Keep Evolving Perform Better – Harvard Business Review

Partnerships and joint ventures are an important source of revenue and innovation for many large companies, particularly in areas of emerging technology. New research shows that companies that restructure a large percentage of partnerships show better financial returns. Companies creating new partnerships should take steps to allow for future restructuring. Successful companies actively manage their…

Company Restructuring in China: Common Options for Foreign Businesses – China Briefing

For company restructuring in China, businesses must strategize based on which options will bolster their operational sustainability and facilitate company preparedness and agility, factors that are essential during periods of crises like the pandemic. Businesses looking to benefit from Chinas economic rebound may consider how their corporate strategy could be optimized through restructuring their operations,…

Business Restructuring Review | MarchApril 2021 | Jones Day – JDSupra – JD Supra

BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 2 MARCH APRIL 2021IN THIS ISSUE1 Tenants Election to Retain Possession of Rejected Lease Premises Preserves Obligations Under Related Agreements4 Washington Bankruptcy Court Approves Chapter 11 Plan Exculpation and Release Provisions7 Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses9 Third Circuit Invokes Equitable Mootness to Bar Appeal…

SP Groups debt recast gets KV Kamath Committee, lenders approval – Business Standard

In a move that gives respite to Shapoorji Pallonji (SP) Group, the Indian lenders and the KV Kamath Committee have cleared its one-time restructuring (OTR) proposal. All debt restructuring proposals above Rs 1,500 crore were referred to the expert committee at its meeting on Tuesday. Shapoorji Pallonji and Companys (SPCPLs) the holding company of the…

RESTRUCTURING ADVISER URGENTLY CALLS FOR STRUGGLING BUSINESSES TO SEEK HELP BEFORE JOBKEEPER ENDS – PRWire

Mackay Goodwin also calls for Government to modify and extend JobKeeper for vulnerable industries FOR IMMEDIATE RELEASE NEWS RELEVANCE: All Business; All SME; Travel; Tourism; Hospitality; JobKeeper; Government When Job Keeper ends on 28 March, many businesses, especially those associated with travel and tourism, may find themselves financially struggling to meet their financial commitments. Leading…