U.S. law firm Akin Gump Strauss Hauer & Feld said it has added partner Tarun Warriar to its special situations and private credit team in Hong Kong, less than a month after losing its restructuring head in the city to rival DLA Piper. Warriar was most recently a managing director at global investment firm Varde…
Normal text sizeLarger text sizeVery large text size ANZ Bank is keen to invest more capital into the part of the bank that services major domestic and overseas corporations, a sector that is benefiting from market volatility while returns from mortgages are being squeezed by stiff competition. Institutional banking, which deals with large corporate clients,…
DUBAI, UAE – The Wealth Today, in conjunction with the Forensic Risk Alliance (FRA), successfully co-hosted the highly anticipated Forensic & Restructuring Summit 2023 in Dubai this week. The gathering witnessed regulators, MENAs leading funds, top-tier law firms, auditors, and other essential stakeholders sharing insightful discussions about emerging trends in crypto crime, law enforcement, cross-border…
June 8 (Reuters) – Russian internet firm Yandex (YNDX.O) on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment of its Russian business is concluded by the end of 2023. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…
French fashion label Casablanca, founded by Charaf Tajer is looking towards a different business direction to grow its business. Industry reports have indicated that Casablanca Clothing Ltd. has been acquired by a newly established Casablanca Paris Ltd for an undisclosed amount. The reasoning is due to a restructuring deal that is set to help further…
Collapsed weight loss giant Jenny Craig has been unsuccessful in finding a buyer for its physical stores and will now “immediately cease trading” with all staff being made redundant, the business’ administrators announced. Jenny Craig Australia announced back in May it would continue to trade while administrators investigate options for restructuring the popular business, the…
Sequoia Capital Partner Roelof Botha (L) and Neil Shen, founding and managing partner of Sequoia China (R) Getty Images Sequoia Capital, one of the world’s largest venture firms, told investors Tuesday morning it would divide its global partnership into three separate and independent geographic units, splitting off its Sequoia China venture from the marquee Europe and U.S.…
Business News Digital Media By Chris Cooke | Published on Tuesday 6 June 2023 Spotify yesterday announced a restructuring and downsizing of its podcasting operations, with about 200 jobs set to be cut, which constitutes about 2% of the companys total workforce. The streaming firm really started ramping up its podcasting activities back in 2019,…
Global law firm Clyde & Co has today announced the hire of 13 lawyers in its global Corporate & Advisory practice, including partners Nora Al Muhamad, Darren Harris, and Alan Wood. Nora Al Muhamad is a corporate lawyer with more than 14 years of experience in the Middle East. She focuses on family businesses and…
Spotify (SPOT) announced on Monday that it is eliminating 200 jobs, or 2% of its workforce, within its podcast division. In a blog post, the company said the layoffs come amid “the next phase of our podcast strategy” as it looks to “[expand] our partnership efforts with leading podcasters from across the globe with a…