MEDFORD, Ore., July 12, 2021 /PRNewswire/ — At its virtual annual conference, concluded in June, AIRA announced the following leadership transitions and awards: Michael R. Lastowski, Duane Morris LLP, Wilmington, DE named president, succeeding David Bart, CIRA, CDBV, RSM US LLP, Chicago. Mr. Bart assumes the role of chairman from Brian Ryniker, CIRA, RK Consultants…
A2 Milk is reorganising to provide more focus as part of a plan to get the company back on track. A2 Milk group managing director David Bortolussi Photo: Supplied The speciality dairy company has been [https://www.rnz.co.nz/news/business/442238/a2-milk-launches-review-of-approach-to-chinese-infant-formula-market looking at its operations] after continuing Covid-related problems and steps taken to make up for disruptions to some sales…
Australian banks have offered loan repayment deferrals of up to three months to their small business customers as New South Wales succumbs to hardened lockdown restrictions. Australias banks on Friday each announced varying small business support options to customers affected by hardened state lockdown restrictions spanning loan repayment deferrals of up to three months, merchant…
The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA TopicsBank loans|debt restructuring scheme The restructured loan books of non-bank financial entities are expected to double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March…
This article first appeared in Forum, The Edge Malaysia Weekly, on July 5, 2021 – July 11, 2021. The past few months have seen business leaders placing their most tricky bets yet. With the ongoing pandemic and resulting lockdowns of varying degrees, businesses have been challenged in how they plan for their future, conserve cash…
Law360 (July 9, 2021, 7:17 PM EDT) — A pandemic-triggered surge in corporate restructuring filings in 2020 trickled to a drizzle in the first half of 2021, but bankruptcy professionals don’t know if that slowdown will last, as favorable financial conditions wane and uncertainty increases over the spread of a coronavirus variant. The glut of…
In this article Paul Pritchard, Managing Director of our European Tax Advisory team discusses how the deemed release rules apply to transactions in debt rights. This is an extract from Tax Journal, first published on June 17, 2021. The whole publication is available at https://www.taxjournal.com/articles/-debt-restructuring-deemed-releases. The impact of the pandemic may necessitate a financial restructuring…
In 2020, the Dutch government, like many others, implemented various temporary measures aimed at providing immediate financial leeway to the business community to cope with the financial consequences of the pandemic. Such measures include non-tax schemes, like extended governmental business loan guarantee schemes and non-refundable temporary emergency schemes for job retention. There are also several…
Dang Tuan Anh, CEO of taxi firm Thanh Loi Group, said: “Every time there is an outbreak, I request banks to reduce interests on existing loans. But they only say they will consider.” With over 600 vehicles operating in Hanoi and two neighboring provinces, the 20-year old company has been struggling amid the latest Covid…
BEIJING Chongqing Sincere Yuanchuang Industrial, a cash-strapped Chinese developer owned by Singapore’s richest property family, may undergo a court-led restructuring after a bankruptcy application was filed against it, according to sources familiar with the matter. Sincere Property Holdings, the second largest shareholder of Chongqing Sincere, is preparing to work with stakeholders and creditors on a…