A scheme set up during the pandemic to help small businesses survive the ongoing volatile economic environment experienced its busiest period last week, as it rescued six firms from insolvency, retaining 23 jobs. The Small Company Administrative Rescue Process, or Scarp, aims to facilitate simplified out-of-court debt restructuring for small businesses deemed to be viable…
22 January 2023 Consultancy.asia 2 min. read Global professional services firm FTI Consulting has bolstered its Corporate Finance & Restructuring division in Asia with two senior appointments: Tadashi Yamazaki (Japan) and May Yee Koay (Singapore). Both seasoned professionals join the globalconsulting firm as a Managing Director, with Yamazaki adding depth to the transactions and mergers…
Jan 20 (Reuters) – Caisse des Depots’s (CDC) offer to restructure Orpea’s (ORP.PA) debt is still on the table, the French public financial institution said on Friday, a day after the care homes group said it had failed to reach agreement with investors and creditors. “We want to have control of the governance so that…
Jan 19 (Reuters) – * GENESIS INITIATES PROCESS TO ACHIEVE GLOBAL RESOLUTION TO MAXIMIZE VALUE FOR ALL CLIENTS AND STAKEHOLDERS AND STRENGTHEN ITS BUSINESS FOR THE FUTURE * GENESIS GLOBAL HOLDCO-AMPLE LIQUIDITY OF MORE THAN $150 MILLION TO SUPPORT OPERATIONS AND FACILITATE RESTRUCTURING PROCESS * GENESIS – GENESISS OTHER UNITS INVOLVED IN DERIVATIVES AND SPOT…
NEW YORK–(BUSINESS WIRE)–ICR, a leading strategic communications and advisory firm, today announced that it has hired senior industry veterans Lee Pacchia, Esq. and Joan Vollero as Managing Directors in its Special Situations Practice Group. They will join a growing team of communications advisors, where Mr. Pacchia will focus on bankruptcy and corporate restructuring and Ms.…
Company focusing on innovative technology and exit of pharmacy services Restructuring to further extend capital resources Annual cash burn expected to be reduced by greater than 65% in 2023 Company exploring financing options in connection with business transition PHOENIX, Ariz., Jan. 19, 2023 (GLOBE NEWSWIRE) — MedAvail Holdings, Inc. (Nasdaq: MDVL) (MedAvail), an innovative technology-enabled…
MedAvail Holdings, Inc. Company focusing on innovative technology and exit of pharmacy services Restructuring to further extend capital resources Annual cash burn expected to be reduced by greater than 65% in 2023 Company exploring financing options in connection with business transition PHOENIX, Ariz., Jan. 19, 2023 (GLOBE NEWSWIRE) — MedAvail Holdings, Inc. (Nasdaq: MDVL) (MedAvail),…
From left: Theo Bai, Evan Xian JunHe kicks off the new year with the hiring of two partners to strengthen its insolvency restructuring and dispute resolution practices. Theo Bai, who had practised at King & Wood Mallesons for more than 10 years, joined the firms Beijing headquarters, while Evan Xian, a former partner at East…
The simplified debt restructuring process was largely successful although the number of companies involved was small. By Keeli Cambourne19 January 20231 minute read ASIC has outlined its findings on all the small business restructuring practitioner appointments for the 18-month period to 30 June 2022 in the first assessment of the scheme. Already have an account?…
A Party City in Clifton, NJ, on Jan 16, 2023. CNBC | Mike Calia Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load as inflation hits consumers’ wallets and dents sales. The company said Wednesday it struck an agreement to reduce its debt and has already received support…