Fans of Kanye West are hoping to help the rapper out of debt. (Supplied) Some of Kanye Wests most loyal fans are trying to help the rapper out after he revealed in a Twitter rant he was $53 million in debt. Dozens of fans have joined a crowdfunding campaign to raise money for West on…
Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…
18.02.2016 After a first review the insolvency administrator of German Pellets GmbH has come to the conclusion that no significant financial means are currently on hand with the aid of which the resumption of parts of the previous business operations could be financed. The stocks of finished goods, whose sale could generate liquidity, are…
The closure will result in $363 million in one-time impairment and restructuring charges that will be reflected in SunEdison’s fourth-quarter results, and about $10 million to $13 million in restructuring charges expected to be reported in fiscal 2016. SunEdison said it also will halt high-volume production of silicon crystal ingot at its Portland, Oregon, facility.…
Jonathan Levines experience representing bondholders and indenture trustees further enhances the groups practice New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine…
New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine comes to the firm from Andrews Kurth, where he represented ad hoc…
Two former directors of a holiday tour operator have been disqualified from acting as company directors for a combined 14 years after failing to ensure that £207,055 raised under commercial participation agreements was paid to five charities. Simon Smith, 43, and Nicholas Capsey, 40, were both directors at Global Enduro Ltd, a travel company that…
In a chat with ET Now, Vinod Ramnani, Opto Circuits CMD, talked about the company’s Q3 performance. He said that the company has done lot of restructuring in the management. He expects that restructuring will help in improving their business. ET Now: What has caused the weakness in your top line growth? Vinod Ramnani: Top…