A Reuters survey found that roughly half of Japanese firms are considering reviewing or restructuring their businesses to increase corporate value, including acquisitions, amid a push for companies to improve governance. The survey results are the latest indication of concrete steps that companies in the world’s third-largest economy are planning to take to transform their…
New housing construction is seen at Schofields, north west of Sydney, Thursday, November 10, 2022. Source: Bianca De Marchi / AAP Image The number of business insolvencies boomed in late 2023 and is poised to accelerate in 2024, official data shows, but industry professionals say the growing use of the small business restructuring scheme is…
YouTubes partnerships side is undergoing its first corporate restructuring in a decadeone thatll see changes to the creator management and operations teams, and will result in around 100 peoples roles being eliminated. This reorg is following a strategy laid out by Mary Ellen Coe, who took over as YouTubes chief business officer when Robert Kyncl…
Jeff Dean FILE – Cincinnati Reds’ Joey Votto, right, sits in the broadcast booth with John Sadak, center right, and Barry Larkin, center left, during a baseball game against the St. Louis Cardinals Wednesday, Aug. 31, 2022, in Cincinnati. Amazon will partner with the Diamond Sports as part of a restructuring agreement as the largest…
Press Release | Black Press Ltd. Black Press Ltd. and certain of its subsidiaries, have announced that it obtained an Initial Order on Jan. 15 under the Companies’ Creditors Arrangement Act (CCAA) from the Supreme Court of British Columbia in Vancouver. The Initial Order provides for, among other things, a stay of proceedings in favor of…
Addressing the Business Roundtable organized by BOI Sri Lanka and the Swiss-Asian Chamber of Commerce yesterday, during his official tour to Switzerland to attend the 54th Annual Meeting of the World Economic Forum, President Ranil Wickremesinghe highlighted significant strides in Sri Lankas economic recovery and outlined future growth prospects. President Wickremesinghe began by acknowledging the…
KPT Restructuring, a new national restructuring and business advisory has entered the market, established in Sydney by Ozem Kassem, Jonathon Parker and Jason Tang. A trio of Cor Cordis partners Ozem Kassem, Jonathon Parker, and Jason Tang have broken away to launch their own consultancy KPT Restructuring, which will provide distressed businesses with restructuring, advisory…
Filing under the Companies’ Creditors Arrangement Act (“CCAA”) will enable the Company to restructure its financial affairs and emerge as a stronger entity Contemplated sale and capital injection will enable Black Press to continue serving readers, advertisers and other valued stakeholders SURREY, BC, Jan. 15, 2024 /PRNewswire/ – Black Press Ltd. and certain of its…
Hanmi Science, the holding company of Hanmi Pharm, announced a significant restructuring, welcoming OCI Group as its major shareholder and establishing a joint management system. OCI Holdings became the largest shareholder of Hanmi Science, the holding company of Hanmi Pharm, and seeks joint management and synergies in pharma and renewable energy sectors, The move, made…
The World Banks Women, Business, and the Law Index has documented a persistent gender pension gap in rich and poor countries alike. This is partly because of gender-based legal disparities, such as a lower mandatory retirement age for women and the lack of pension credit for periods of childcare. Because women have shorter working lives, earn less, and have…