Apr 2, 2024 1.09pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Citigroups Australian business has banked a heavy loss for 2023 as its US headquarters works through a comprehensive restructuring that will slash thousands of jobs around the world. The…
From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…
The Rank-and-File Committee at Sydneys Macquarie University is hosting an online forum on April 10 to discuss the serious implications of the Labor governments Universities Accord final report, released last month. The forum is open to all educators and working people, because the Accord will have repercussions for every level of education. Education Minister Jason…
Please see full publication below for more information. BUSINESS RESTRUCTURING REVIEWVOL. 23 NO. 2 MARCHAPRIL 20241IN THIS ISSUE1 Singapore International Commercial Court Issues First Decision on Recognition of Cross-Border Bankruptcy Cases under Model Law2 Lawyer Spotlight: Dan B. Prieto8 Texas Bankruptcy Court: Debtors Non-Economic Rights Under LLC Agreement Are Estate Property Protected by Automatic Stay11…
Avion Express, one of the largest ACMI (Aircraft, Crew, Maintenance, and Insurance) operators globally, has successfully completed corporate restructuring process initiated in 2021 due to the impact of the Covid-19 pandemic. Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete…
Listen to this podcastEnjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Restructuring advisers are often the first on the scene when a business starts to teeter. To some, that makes these bankers, consultants and lawyers capitalisms emergency surgeons, rescuing companies from death. To others, the steep…
Sun Art Retail Group, controlled by Alibaba Group Holding, has appointed a new chief executive as the e-commerce giant continues to consolidate its retail assets amid a restructuring and rising market competition. Hong Kong-listed Sun Art, a hypermarket business, said in a stock exchange filing on Tuesday that Lin Xiaohai, fomer chief executive officer and…
What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…
Mar 28, 2024 10.45am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Embattled pathology group Healius has stepped up internal restructuring and cost-cutting in a push to lift its financial performance as investment bankers UBS oversee a strategic review. Two top…
Zev Shechtman has joined Saul Ewing as a partner in Los Angeles, the firm said Wednesday. Shechtman represents clients in complex business bankruptcy, restructuring, and insolvency matters in and out of court, according to Saul Ewing. Some areas of expertise of his include representing debtors in regular Chapter 11 and subchapter V bankruptcy reorganization cases,…