Created: Jun 28, 2023 07:20 AM Denis O’Brien, founder and chairman of the Digicel Group (File photograph) Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease of life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien…
Selier Abogados has incorporated Daniel Gmez de Arriba as new managing partner for the new restructuring and insolvency practice area. With this signing, the Madrid-based firm strengthens a key area to consolidate its market position and achieve its growth plans in the short and medium term. A graduate in Law from ICADE, an expert in…
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash. A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid…
Created: Jun 27, 2023 05:07 PM Denis O’Brien, founder and chairman of the Digicel Group (File photograph) Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease on life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien…
Hi-Rez Studios has recently undergone a restructuring to “focus the business around its top priorities.” On LinkedIn, CEO Stewart Chisam wrote that the studio will now be split across three branches that will operate as independent studios of the newly rebranded Hi-Rez Ventures. Layoffs have also been part of the restructure, though Chisam did not disclose how…
Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 /PRNewswire/ — Lordstown…
June 26 (Reuters) – British cinema chain operator Cineworld Group (CINE.L) on Monday said it will file for administration as part of a proposed restructuring plan. The world’s second-largest movie theatre chain operator filed for U.S. bankruptcy protection in September, hoping to restructure its massive debt after being hit hard by the COVID-19 pandemic. The…
By Wayne Robinson | 23 June 2023 The Australian Tax Office is owed $30bn, two thirds of it by small and medium sized enterprises, with industry insiders warning a crackdown is imminent. Have a tax debt: The ATO is coming Insolvency experts Rodgers Reidy says the overlying message is clear if youve got an outstanding…
There will be no operational changes to Rockport Australia, as the parent company undergoes voluntary restructuring under Chapter 11 bankruptcy. US-based Rockport Group has also entered into negotiations with a potential purchaser which has significant experience in the industry. Australian and New Zealand distributor True Alliance confirmed the footwear brand is continuing to operate as normal…
Brussels, 21 June 2023 FTI Consulting, Inc. (NYSE: FCN) today announced the continued investment in its Corporate Finance & Restructuring segment in Belgium with the appointment of business transformation expert Jean-Michel Mollo. His arrival marks the launch of the firms Business Transformation practice in the Belgian market, complementing FTI Consultings established strategic communications offering. Mr. Mollo,…