Chat app Discord has let go of nearly 40 employees (4% of its workforce) as part of companys restructuring efforts, according to multiple reports. Several Discord former employees posted on Twitter and LinkedIn that they were impacted by the layoffs. The job cuts have affected people in marketing, design, and entertainment partnership teams. The company…
Collins Street cafe Pope Joan closed this week after trying to find a buyer and going through business restructuring to pay creditors owed more than $900,000. Since the onset of the pandemic and changed office working conditions, trade at the cafe, which opened in 2019, has fallen by nearly 80 per cent. The city is…
Collins Street cafe Pope Joan closed this week after trying to find a buyer and going through business restructuring to pay creditors owed more than $900,000. Since the onset of the pandemic and changed office working conditions, trade at the cafe, which opened in 2019, has fallen by nearly 80 per cent. The city is…
Businesses may need to rethink how they forecast and plan for their future with many businesses dealing with unprecedented levels of change, according to BDO national leader, business restructuring Andrew Sallway. For businesses struggling to rebuild after the pandemic, Mr Sallway said reliable and robust forecasting has never been more critical. One of the way…
Full Profile Elias has advised on a number of corporate transactions, working with clients operating in the education, energy, financial services, infrastructure, real estate, retail and consumer, and technology sectors. Elias is currently ranked by Chambers Global 2023 for Qatar banking and finance, and corporate/commercial. Elias is a member of the Beirut Bar Association. He…
In this article PL Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday. The layoffs affect about…
The legislation, introduced in September 2022, aims to facilitate the sale of business units and streamline often lengthy restructuring processes by essentially giving creditors more powers. One of its key innovations was the possibility for debt holders to unilaterally present a plan in court, without this implying an insolvency proceeding or the suspension of payments.…
BUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 4 JULYAUGUST 20231IN THIS ISSUE1 Second Circuit Green Lights Purdue Pharma Chapter 11 Plan Containing Nonconsensual Third-Party Releases2 Lawyer Spotlight: Tom Wearsch6 Illinois Bankruptcy Court: Whether Dispute Is Core or Non-Core Not Bright Line in Determining Enforceability of Arbitration Clause9 California Bankruptcy Court Examines Chapter 15 Discovery Rules12 U.S. Supreme Court Bankruptcy…
The board of Fino Payments Bank has approved the transition into a Small Finance Bank (SFB) subject to necessary approvals. We intend to supplement payments bank business with lending to known customers through enhancement of license. Our opportunity to grow by transiting to SFB is significant on the back of optimal leveraging of our widespread network…
Companies NAK Naftohaz Ukrainy PAT Follow KYIV, July 28 (Reuters) – Ukraine’s Naftogaz said on Friday that holders of its 2022 and 2026 bonds had approved debt restructuring proposals, opening the way to ending a months-long default. “The outstanding success of this consent solicitation, which was supported by over 85% of the holders, will allow…