(Reuters) – J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday. FILE PHOTO: A J.Crew store is seen in…
The administrators appointed at Western Australias developer Carnegie Clean Energy have revealed the highest of four bids it managed to attract for its solar microgrid business Energy Made Clean (EMC) was only $200,000, while the lowest one stood at mere $40,000. This is well below the $13 million the company was bought for in 2016.…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
Federal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
There are lessons for all employers in the case of David Bate, who was awarded $NZ189,950 ($A177,660) in an unjustified dismissal case against IBM New Zealand, a top employment lawyer says particularly local subsidiaries of multinationals left grappling to speedily implement a restructure ordered by an offshore parent. In a determination filed on April 5,…
April 17 (Renewables Now) – Carnegie Clean Energy (ASX:CCE) announced today that its creditors have accepted a restructuring plan to save the wave energy company and relist it on the bourse. The plan includes a capital hike of up to AUD 5 million (USD 3.6m/EUR 3.2m) and aims at restructuring the companys balance sheet and…
BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
DUBAI, UAE, April 17, 2019 /PRNewswire/ –Following the independent reports that projected a boost of more than $30 billion in the UAE economy and numerous job openings, Sami Raja, CEO of Sami Raja Consultancy announced his complete support to SMEs and Entrepreneurs who are involved with the event. With numbers predicting a massive boom in…
By Davide Anghileri, University of Lausanne The Italian Revenue Agency has concluded that a sale stock in an Italian company in connection with a business restructuring is exempt from the financial transactions tax because the sale was exclusively aimed at changing the legal form of the entity that will hold the stake in the Italian…