SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…
PACIFIC Highway subcontractors are preparing to ramp up their fight for months of unpaid wages from one of the project’s primary contractors, which went into voluntary administration earlier this year. About 200 highway workers who completed the Glenugie to Tyndale section of the Pacific Highway upgrade have been left without months of pay after Darling-Downs…
BSE had sought clarification from Reliance Communications after market hours yesterday with respect to news that China Development Bank has filed an insolvency case against it. China Development Bank has filed a case against Reliance Communications (RCom) under the Insolvency and Bankruptcy Code, becoming the first lender to move court against the debt-laden telecom company.…
Chris Sherwood, chief executive of Relate, explains what the charity has learned from its recent research into debt and relationships. Views do not necessarily reflect those of MoneySavingExpert.com. Relate is the UK’s leading relationships support charity next year we’ll have been providing counselling and relationship support services to people for 80 years. We…
Assured Legal Solutions is set to formally welcome its co-founder, Chris Cruikshank, from Norton Rose Fulbright (NRF) on Friday. The appointment will bring the specialist boutique firms lawyer headcount to six. Cruikshank resigned from the NRF partnership in Australia in September and was just serving his notice period. He joins former NRF special counsel Nicola…
MUMBAI: For Indias overwhelmingly complex legal system, the Insolvency and Bankruptcy Code (IBC) is billed as the silver bullet that would help lenders recover about Rs 9 lakh crore of sticky loans. But the law has an unwanted side effect loss of jobs. Since IBC was used by lenders to slice through the thicket of…
The debt woes of one of Indias leading wireless carriers Reliance Communications have deepened this week thanks to an unlikely new source of pressurea leading state-owned Chinese bank. It emerged late Monday that China Development Bank, a policy bank which often helps fund Chinese companies investments overseas, had late last week filed a petition for…
The debt woes of one of India’s leading wireless carriers Reliance Communications have deepened this week thanks to an unlikely new source of pressure — a leading state-owned Chinese bank. Continue Reading Below It emerged late Monday that China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, had late last…
FCA publishes final summary of report into RBS restructuring unit BelfastTelegraph.co.uk Britains financial watchdog has released its final summary of a report investigating how the Royal Bank of Scotlands controversial restructuring unit treated small business customers. https://www.belfasttelegraph.co.uk/business/uk-world/fca-publishes-final-summary-of-report-into-rbs-restructuring-unit-36360408.html https://www.belfasttelegraph.co.uk/business/uk-world/article36360407.ece/4cab7/AUTOCROP/h342/bpanews_d0f4d1e0-ea19-4ffe-9fdb-3deb6a71811c_1 Email Britains financial watchdog has released its final summary of a report investigating how the Royal Bank…
CASH-strapped tennis legend Boris Becker is taking his ex manager to court as the pain of his bankruptcy begins to bite. Former mentor Sascha Rienne has been called to appear before the courts in Cologne in January accused by sporting ace Boris of failing to properly pay him for lucrative personal appearances. Splash News Becker, who…