BDO USA, LLP announced that David Balderach and Robert Novak recently joined the firms business restructuring and turnaround services practice. Balderach, an industry veteran serving the lending and restructuring needs of energy and oilfield services businesses for the past 30 years, has joined BDOs Houston office. Balderach brings his deep industry experience to BDO to…
DGAP-News: aap Implantate AG / Key word(s): Half Year Results14.08.2020 / 15:48The issuer is solely responsible for the content of this announcement. The COVID-19 pandemic led to a significant impairment of business operations at aap Implantate AG (“aap” or “Company”) in recent months, which is reflected in the development of sales and earnings in the…
The West of England could see a steep rise in the number of corporate insolvencies this winter, a restructuring trade body is warning. According to research from R3, there could be an increase as early as October. The member survey of UK insolvency and restructuring professionals, found an overwhelming majority (93.7%) of respondents believed there…
Unlike Commonwealth Bank, which this week said it expected the majority of people deferred loans could resume repayments, Mr McEwan said it would not make a prediction on how many of these customers would recover. The bank has in recent months been calling clients with deferred loans, and Mr McEwan said it had contacted 24,000…
Many developing countries have so far avoided the high Covid-19 infection and mortality rates that are being experienced elsewhere. While that may be good news, at least in the short term, the bad news is that these countries are set to be among the hardest hit in economic terms. The World Bankestimatesthat as many as…
Summary There are specific industries which have been significantly hit by the crisis, such as the aviation industry, the travel, tourism and leisure and the hospitality sector British Airways will be undertaking restructuring plans to survive the crisis The company has entered into an agreement with unions which covers engineers and Heathrow staff, but not…
Wednesday, August 12, 2020 A comparison of the new Dutch Scheme and the new UK Restructuring Plan. Introduction The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdoms restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate…
Jason Kilar Jason Kilar.WarnerMedia Kilar already had the power, but the restructuring was his first major display of it after taking the CEO job in May. His move to simplify the legacy studio’s sprawling media empire undid some key appointments by his predecessor and current boss, John Stankey, who runs AT&T. For instance, Kilar dismissed…
About 6000 Spotless staff, mostly casuals who worked for the group’s hospitality businesses which includes catering at the Melbourne Cricket Ground were stood down when the pandemic closed venues. Grant Fenn was paid $3 million in fiscal 2020, down from $4.7 million a year earlier. Louise Kennerley Downer will proceed to buying out the remainder…
ASX-listed 3D metal printing technology player, Aurora Labs, has now confirmed the appointment of Peter Snowsill as the companys new Chief Executive Officer after he served five months as the Acting CEO. Snowsill, who has more than 25 years of tech-based executive, engineering and project management experience, took the reins during a period of restructuring…