Source: Adobe/Monkey Business Small businesses looking to persevere through harsh trading conditions should monitor their cashflow, recognise the signs of insolvency, and keep an eye on their contracts, according to a new CreditorWatch EOFY survival pack. Released Monday, the credit reporting agencys new paper offers more than a dozen pointers for Australian entrepreneurs to consider…
Jun 5, 2023 11.30am Union leader turned KPMG partner Paul Howes will lead the big four firms powerful consulting arm from mid-year, part of a restructure putting him in charge of a division that accounts for half of $2 billion in annual revenue. KPMG partner Paul Howes will head the firms consulting arm from the…
Initiates Pre-Arranged Chapter 11 Process with Substantial Support from Lenders to Facilitate Comprehensive Balance Sheet Restructuring as the Company Executes Growth Strategy Obtains Commitment for $200 Million in New Financing to Support Ongoing Operations and Continue Meeting Customer Demand for Global Data Center Platform MIAMI, June 05, 2023–(BUSINESS WIRE)–Cyxtera (NASDAQ: CYXT), a global leader in…
The Emirati Ministry of Finance May 25 posted online Ministerial Decision No. 133/2023, on business restructuring relief for corporate tax purposes, under Federal Decree-Law No. 47 of 2022. The decision explains: 1) the exclusion of gains or losses when determining taxable income, for qualifying share transfers with consideration received in addition to shares or other…
The Emirati Ministry of Finance May 25 posted online Ministerial Decision No. 133/2023, on business restructuring relief for corporate tax purposes, under Federal Decree-Law No. 47 of 2022. The decision explains: 1) the exclusion of gains or losses when determining taxable income, for qualifying share transfers with consideration received in addition to shares or other…
Company to Obtain US$200 Million in New Financing to Support Ordinary Course Business Operations Globally All GenesisCare Businesses Show Strong Momentum and Growth Potential Company to Pursue Separation of U.S. Business While U.S. Management Implements Turnaround Strategy SYDNEY, June 1, 2023 /PRNewswire/ — GenesisCare (or the “Company”), a leading integrated cancer care provider in the…
Jun 1, 2023 4.27pm Troubled Australian integrated cancer care provider GenesisCare will file for bankruptcy in the United States, but has secured another $US200 million ($307 million) in new financing to help keep its operations afloat globally. The company owned by PE giant KKR, China Resources and doctors and management will seek to corral and…
Enters Chapter 11 with more than $300 million in DIP financing to fund operations throughout the process Continues to deliver for customers across all global locations and maintain normal operations FORT WORTH, Texas, June 01, 2023 (GLOBE NEWSWIRE) — Incora and certain affiliates (collectively, Incora or the Company), a leading global provider of innovative supply…
The UAE Ministry of Finance has issued three new decisions on corporate tax ahead of its introduction on June 1, covering details on restructuring, taxable income and intra-group transfers. One of the decisions provides details on how to claim corporate tax relief on transfer of assets and liabilities between members of a qualifying group, the…
William Brandt Jr., a pioneer in the corporate restructuring business, a Democratic activist and fundraiser close to Bill Clinton and a former chair of the Illinois Finance Authority, developed a passion for politics and public policy while a student at Fenwick High School. When future Illinois governor Pat Quinn was a freshman at the Oak…