MEDFORD,Ore., July 15, 2021 /PRNewswire/ –At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows. Conceived to recognize the significant contributions that AIRA’s senior members have made to the art and science of corporate restructuring and to the association, the Distinguished Fellows designation is an academic and…
Students at the University of Western Australias (UWA) School of Social Sciences have launched a petition titled Save Social Sciences at UWA, seeking to halt a new round of job cuts and restructuring at the university. In just four days, there has been an outpouring of support. There are nearly 5,000 signatures and hundreds of…
The New York Stock Exchange welcomes FREYR Battery (NYSE: FREY), on July 8, 2021, in celebration of its Listing. NYSE Vice President Kamala Harris’ former national campaign finance chair is opening a strategic advisory firm that will aim, in part, to guide corporations and C-suite executives through handling social justice and politically charged issues. Jon…
For company restructuring in Vietnam, 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 Vietnams economic growth and rebound may consider how their corporate strategy could be optimized through restructuring…
Forms ELGi Compressors Southern Europe to promote sales in Italy Elgi Equipments announced that its step down subsidiary in Europe, Rotair Spa. has formed a wholly owned Subsidiary Company in Europe by name ELGI COMPRESSORS SOUTHERN EUROPE, SRL. in Italy. The Italian sales promoting activities of the Electric Powered Screw Air Compressors business of Rotair,…
Corporate restructuring firm Mackay Goodwin confirmed it had been appointed as administrators for the Forum Group of companies last week and had been undertaking investigations into the viability for the continued trading of various business units within the group, which employed 200 staff. Westpac commenced proceedings in the Federal Court last month against Forum Group…
Asian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the… Asian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the Asian travel sector to date. Linklaters acted for GHK on restructuring circa USD 3.5 billion of financial debt and a recapitalisation…
The Small Business and Family Ombudsman Bruce Billson has come out in support of moves by the banking sector to help SME clients to survive the latest New South Wales lockdown. New South Wales announced a record number of new coronavirus cases for this wave of the pandemic, with over 100 in the Greater Sydney…
Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency TopicsICRA|loans|NBFCs Abhijit Lele | Mumbai Last Updated at July 12, 2021 12:54 IST Restructured loan books of non-bank financial groups may double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March 2021, hurt by…
It is becoming increasingly fashionable to either spin off or sell assets from large businesses to reshape for the future. In particular, conglomerate structures are no longer considered attractive, and investors prefer a sharp focus on fewer areas rather than fingers in lots of pies. Some of these corporate restructuring actions have been driven by…