Take it from us: Tips for aviation and aerospace professionals on navigating a business transformation – Practical advice on restructuring processes and considerations – JD Supra

Restructuring

By Todd K. Wolynski, partner at White & Case LLP, and Oliver Althoff, Managing Director – North America at Seabury Securities LLC.1 If you are an aviation professional in the COVID-19 era, you are likely learning about, or reacquainting yourself with, the restructuring process. Airlines, helicopter operators and their principals and managers who have long…

Checkers Hires Restructuring Advisers to Navigate Pandemic – The Wall Street Journal

Restructuring

Checkers Drive-In Restaurants Inc. is turning to financial advisers to navigate the coronavirus pandemics impact on a business model that was already deteriorating, according to people familiar with the matter. The burger chain, owned by private-equity firm Oak Hill Capital Partners, hired investment bank Miller Buckfire & Co. and turnaround adviser Mackinac Partners to explore…

EXCLUSIVE: Christie’s announces layoffs and restructuring as it continues to grapple with COVID-19 | Auctions News – TheValue.com

Restructuring

24 Jun, 2020 | Wed | 23:50 Christiesis downsizing itsoperations as part of amajor corporaterestructuring plan, sources have toldThe Value. Christies CEO Guillaume Ceruttimadethe announcement internally today(24 June) over a video call, which can be boiled down to three majorpoints: Pay cuts will remainin place; The company will undergo a restructuring; The Impressionist andModern Artdepartment…

Hin Leong restructuring viable only when combined with group companies, personal assets: judicial managers – S&P Global

Restructuring

Highlights No reasonable prospects of being rehabilitated on its own Company has assets of $257 million, liabilities of $3.5 billion Evidence of years of account manipulation, forged papers, fictitious profits Singapore Singapore oil trader Hin Leong Trading’s restructuring or rehabilitation will only be viable if it is clubbed with other group companies under the Lim…

Take it from us: navigating an aviation business transformation – Helicopter Investor

Restructuring

Todd Wolynski, Partner at White & Case, and Oliver Althoff, Managing Director North America at Seabury Securities, explain what aviation companies need to do to restructure. As former General Counsel and Chief Administrative Officer (Wolynski) and MD, Capital Markets and Treasury (Althoff) at Waypoint Leasing, the large helicopter lessor that filed for Chapter 11 in…

Crayon snaps up Winc’s software and cloud business – ARNnet

Restructuring

Credit: Winc Digital transformation services provider Crayon has inked an agreement to transfer Wincs software licensing business as part of its expansion plans in the region. The agreement will enable Winc’s software and cloud customers to leverage Crayons expertise in cloud economics, licensing and cost-optimisation services while also ensuring continuity on their transactional software and…

Latham & Watkins hires restructuring partner from Willkie Farr & Gallagher in Paris – The Global Legal Post

Restructuring

Alexandra Bigot: Latham is ‘very focused’ on creating a top-tier Paris restructuring capability Arrival of Alexandra Bigot follows on from insolvency lateral hires in London and New York Latham & Watkins has hired partner Alexandra Bigot from Willkie Farr & Gallagher in Paris to bolster its restructuring and special situations practice. Bigot is the latest…

Agreement in Principle on Financial Restructuring Plan Paris Stock Exchange:TCH – GlobeNewswire

Restructuring

June 22, 2020 10:31 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN 420 MILLION NEW FINANCING AND DELEVERAGING THROUGH 660 MILLION DEBT EQUITIZATION OPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDURE Paris (France), 22 June2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (the Company) announces today that it has reached an agreement…