February 05, 2021 03:43 ET | Source: Luckin Coffee Inc. Coordination between the Cayman Court and the U.S. Bankruptcy Court to Protect the Interests of Stakeholders and Facilitate Luckin Coffees Restructuring of its Financial Obligations All Company Stores Remain Open and Serving Customers in China; No Material Impact on Daily Operations Expected Company Continues to…
Shutterstock The City of London London partners Adam Gallagher and James Watson join as European investment drive continues Simpson Thacher & Bartlett has hired a pair of experienced insolvency lawyers to help establish a European restructuring practice in London. Adam Gallagher and James Watson join as partners from Freshfields Bruckhaus Deringer and Kirkland & Ellis…
Jim Farley, Ford CEO Ford DETROIT Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, Farley said he “will lay out the entire picture” for Ford.…
The agreement will make Jack Mas fintech giant subject to capital benchmarks similar to those for banks. Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Mas fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks. The plan calls…
Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation. The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial…
HOUSTON–(BUSINESS WIRE)–Superior Energy Services (Superior or the Company) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division on January 19, 2021. The Company emerges with a strengthened…
February 02, 2021 08:30 ET | Source: FTI Consulting, Inc. WASHINGTON, Feb. 02, 2021 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that the firms Corporate Finance & Restructuring segment and its professionals received numerous industry awards and recognitions over the last several months, demonstrating the depth of talent the firm attracts and…
SO PAULO, Jan. 31, 2021 /PRNewswire/ — In accordance with paragraph 4 of Article 157 of Law No. 6404/1976 and CVM Instruction No. 358,02, Ita Unibanco Holding S.A (“Ita Unibanco” or “Company”) informs its stockholders and the general market that, in line with the Material Facts disclosed on November 3 and 26 and December 31,…
McGrathNicol has kicked off the year in style with the appointment of three new partners across its Melbourne and Sydney offices. Matthew Hutton is a partner in the firms heritage Restructuring practice. He has been with the nationalconsulting firm for more than 12 years, and specialises in turnaround, restructuring and insolvency matters. Hutton works closely…
This week, online players in the UK swallowed up some of the countrys most venerable fashion retailers in a dramatic changing of the guard that suddenly gathered momentum. On Monday, digital fast fashion group Boohoo snapped up the 243-year-old department store chain Debenhams, acquiring its intellectual property and website, but not its 130 physical stores,…