On June 26, 2019, the Directive (EU) 2019/1023 of the European Parliament and of the Council of June 20, 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and of measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (the EU Restructuring Directive),…
May 26 2021, 12:28 PMMay 26 2021, 12:28 PMMay 26 2021, 12:28 PMMay 26 2021, 12:28 PM Chiefs of private sector banks, who met with Reserve Bank of India Governor Shaktikanta Das on Tuesday, have pitched for a limited moratorium of payments and a wider window to restructure dues.Private bank chief executives requested that the…
Dive Brief: General Mills Chairman and CEO Jeff Harmening announced a series of new leadership assignments as part of the company’s Accelerate growth strategy at the virtual BMO Global Farm to Market conference last week. These include putting Dana McNabb, the company’s former Europe and Australia president, into the new position of chief strategy and…
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly Fashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company. Collected, represented by…
While dealing with financial difficulties is never easy, early identification of a companys financial situation is often the key to successfully implementing measures that will allow it to maximize its options, said Jean Fontaine, Montreal-based partner and member of the firms restructuring and insolvency group, in the news release. Canadian businesses who are anticipating economic…
25 May 2021 Consultancy.uk 3 min. read Many companies across the UK are emerging from lockdown with a sense of cautious optimism. While the majority expect top-line revenues to return to pre-pandemic rates within the next two years, more than half also expect to encounter a liquidity shortfall in the next 12 months. The last…
Liberty Steel, the company led by British Indian businessman Sanjeev Gupta, on Monday announced very constructive and productive meetings as part of its ongoing restructuring plans, which will result in the sale of its Stocksbridge plant in south-east England to help pay back lender Credit Suisse. Gupta, who heads the wider Gupta Family Group (GFG)…
Business Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
Business Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. We have to go through a comprehensive restructuring, a total one, President Director Irfan Setiaputra…