Malaysia Airlines could be forced to shut down if a restructuring plan fails to gain support, the airline’s boss has said. Group chief executive officer Izham Ismail told Asian business news weekly The Edge that there would be “no choice but to shut it down” if lessors decided not to back the plan. Mr Izham…
Business AT&T Inc’s WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20 per centand would result in layoffs, the Wall Street Journal reported on Thursday (Oct 8), citing people familiar with the matter. FILE PHOTO: A Warner Bros. Entertainment Inc. logo is pictured at one of the studio’s gates…
October 08, 2020 08:05 ET | Source: Corbus Pharmaceuticals Holdings, Inc. Company is restructuring with the goal of extending cash runway to mid-2022 Workforce to be reduced by 54% Company to focus on completing Phase 3 dermatomyositis study and advancing preclinical pipeline into the clinic Norwood, MA, Oct. 08, 2020 (GLOBE NEWSWIRE) — Corbus Pharmaceuticals…
The coronavirus has been a boon for the bankruptcy industry as struggling companies and sectors try to survive during a pandemic and recession. AlixPartners, a restructuring-focused management consulting firm, has hired 50 new employees to its restructuring group, which is still “recruiting like crazy” to manage an influx of work. The firms expansion comes as…
SEPANG, Malaysia, 8 October 2020 AirAsia announced this week a restructuring plan that will inject fresh equity to allow the airline to resume operations. AirAsia X also appointed Dato Lim Kian Onn as the deputy chairman to lead the airlines restructuring. A chartered accountant and investment banker, her has served as a board member of…
Advertisement: AirAsia X is in a difficult position. As such, the carrier announced on October 6th a restructuring plan that should hopefully keep the airline afloat and running for years to come with an equity injection. The restructuring plan should see the airline making structural changes to get out of the current crisis, including fleet…
KUALA LUMPUR: AirAsia X Bhd (AAX) has announced a group-wide debt and corporate restructuring scheme, as the cash-starved budget airline seeks to avoid liquidation and restart some flight operations early next year. “To avoid a liquidation and to allow the airline to fly again, the only option is for AAX to undertake a group-wide debt…
LAW firm Hogan Lovells on Tuesday announced that Nick Williams will be joining as a partner in its business restructuring practice, to be based in its Singapore office. The firm described him as a leading figure in Singapore’s cross-border restructuring and insolvency market. He has represented banks, financial institutions, hedge funds, private equity investors, insolvency…
NEW YORK (PRWEB) October 05, 2020 Morrison & Foerster, a leading global law firm, is pleased to announce that Theresa Foudy has joined the firm as a partner in its Business Restructuring + Insolvency Group (BRIG) in New York. Recognized as one of the leading bankruptcy litigators in the United States, Ms. Foudys arrival further…
2020 has seen tens of thousands of jobs and companies on the brink of collapse. In response to a wave of insolvencies expected at the end of the year, the Federal Government has announced a new set of insolvency laws to help small businesses either restructure or fold. 2020 has seen tens of thousands of…