Hogan Lovells is representing Scottish Re in the implementation of a sale and restructuring plan for its Cayman Islands subsidiary, Scottish Annuity & Life Insurance Company (Cayman) Ltd. (SALIC), and SALICs U.S. subsidiary, Scottish Holdings, Inc. (SHI). Scottish Re Group Limited has commenced implementation of a sale and restructuring plan for its Cayman Islands subsidiary,…
Provides Interim Access Up to $725 million in Debtor-In-Possession Financing Stores Open and E-Commerce and Mobile Platforms are Operating in Normal Course to Continue to Provide Exceptional Shopping Experiences for Customers MILWAUKEE, Feb. 06, 2018 (GLOBE NEWSWIRE) — The Bon-Ton Stores, Inc. (OTCQX:BONT) (the Company), today announced that the U.S. Bankruptcy Court for the District…
Royal Bank of Scotland Unredacted FCA report allegedly states banks misconduct towards small firms was systemic RBS has said it would not prevent the release of the FCAs report into Global Restructuring Group. Photograph: Philip Toscano/PA Royal Bank of Scotland misled parliament over the extent of its mistreatment of struggling business customers, the shadow Treasury…
LONDON, Feb 6 (Reuters) – Royal Bank of Scotland executives misled a parliamentary committee over the contents of a report into the banks treatment of small businesses, a lawmaker said in Britains parliament on Tuesday. The chief executive and the chairman of state-owned RBS offered misleading evidence about the extent to which the report accused…
by Rigzone Staff | Tuesday, February 06, 2018 International oilfield services company Expro revealed that it has successfully completed financial restructuring, which will provide the company with a stronger and more sustainable financial foundation to grow the business, according to an Expro statement. The Chapter 11 prepackaged plan of reorganization was completed in 50 days,…
Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp. The utility announced the moves Monday evening as part of a global strategic transformation. Under the restructuring, Craig Jackson will assume the role of president and CEO of both…
Latest News With the bulk of the manufacturing GDP coming from local SMEs, it is good news to know that they are continuing to thrive even with the immense pressure coming from overseas imports. At the back of an exciting 2017 for the industry, something that Australian manufacturing should continue to provide is a compelling…
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
Houlihan Lokey has announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where for 10 years he was Head of its…