In the past few years, the firm has structured and invested over $4bn of debt deals
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Asset management and investment banking platform Shuaa Capital is strengthening its corporate restructuring service to re-energise the business sector, it announced on June 4.
Shuaas corporate restructuring solutions facilitate businesses to secure new credit lines, and have been curated to address the frozen credit markets that result in liquidity and potential insolvency challenges faced by businesses impacted the Covid-19 pandemic.
Shuaa has also emboldened its advisory services for corporates to execute capital raising through diverse instruments such as mezzanine/sub-ordinated debt, Term Loan B (TLBs)…
Read the full article at: https://gulfbusiness.com/dubais-shuaa-capital-supports-businesses-via-its-corporate-restructuring-and-financial-services/
On Wednesday 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) introduced the new Corporate Insolvency and Governance Bill.
The measures in this Bill will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate.
What this means for businesses
The Bill will:
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introduce temporary easements on filing requirements and Annual General Meetings (AGMs)
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introduce new corporate restructuring tools to the insolvency regime to give companies the time they need to maximise their chance of survival
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temporarily suspend parts of insolvency law to support directors during this difficult time
Temporary easements on filing requiremen…
Read the full article at: https://www.miragenews.com/how-corporate-insolvency-and-governance-bill-will-help-your-business/
The retail apocalypse claims yet ANOTHER victim, as beloved Australian designer brand Tuchuzy shuts its doors after 25 years
- Tuchuzy will go into voluntary administration, it was announced on Wednesday
- The Bondi store operated for 25 years and sold top brands like Ksubi and Bassike
- It comes after Australia’s retail sector suffered its worst slump on record
- A string of other stores have also closed in wake of coronavirus including Target
- Heres how to help people impacted by Covid-19
Beloved designer store Tuchuzy has become the latest Australian brand to fall victim to the retail apocalyps…
Read the full article at: https://www.dailymail.co.uk/news/article-8387405/Tuchuzy-shuts-doors-25-years-goes-voluntary-administration.html
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m.
Not including sole proprietorships, there were 66 bankruptcies in week 22. This is 3 down on the previous week. In addition, 9 sole proprietorships were declared bankrupt, 7 fewer than in the previous week.
| 2019 | 1 | 17 |
|---|---|---|
| 2019 | 2 | 74…
Read the full article at: https://www.cbs.nl/en-gb/news/2020/23/week-22-75-bankruptcies Jakarta (ANTARA) – Heru Hidayat, PT Trada Alam Minera Tbk (TRAM) president commissioner, laundered money by gambling at overseas casinos, using money allegedly derived from corruption in state-owned PT Jiwasraya’s investment fund management, Indonesian Attorney General’s prosecutor stated. The money obtained from corruption in the Indonesian state health insurance was laundered at casinos located in Singapore, New Zealand, and Macau. “Defendant Heru Hidayat concealed the true origin, source, location, designation, or ownership of assets by placing the money in Freddy Gunawan’s account with the objective of covering up the origin of the assets,” Prosecutor Bima Suprayoga noted during a hearing at the Jakarta Corruption Court (Tipikor), h… Read the full article at: https://en.antaranews.com/news/150108/jiwasraya-corruption-money-used-for-gambling-at-singapore-casinos Aston Martin is to cut 500 jobs as the carmaker overhauls its business in response to falling sales of its signature sports cars. The pandemic has deepened the crisis at the luxury carmaker which was already trying to reduce a backlog of cars before the UK government lockdown closed its dealerships and showrooms. Aston Martin said on Thursday that its business required a fundamental reset as it aimed for profitability, and that the proposed job cuts would help right size its structure. An employee consultation process will be launched in the coming days. While Aston Martin said it had seen a strong order book for its first SUV, the DBX, it has had to reduce the volume of sports cars it builds in response to flagging demand. Aston Marti… Read the full article at: https://www.ft.com/content/78d1da83-a42a-467f-956d-6231276ca5fb |
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