Unified communications vendor, Avaya, expects to emerge from Chapter 11 bankruptcy in its home country by December after the United States Bankruptcy Court for the Southern District of New York approved its second amended reorganisation plan. Avaya said on 28 November the decision is likely to see it emerge from its restructuring process before the…
Wed, Nov 29, 2017 – 2:51 PM [TOKYO] Nomura Holdings Inc is returning to private equity – a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans. Japan’s biggest brokerage and investment bank on Wednesday said in…
MUMBAI: A recent Supreme Court judgement restraining independent directors of Jaiprakash Associates from transferring any personal assets over a group companys insolvency issue has sent shock waves through the independent directors fraternity, with experts warning that there would be few takers for this role. Several independent directors on boards of companies are now seeking legal…
Article Tools HAZLETON A new building may be constructed in Valmont Industrial Park, even though most of the land there is spoken for. Officers of CAN DO Inc., the areas economic developers, told the organizations board of directors recently there is a parcel of land planned for a building that was never built…
People running labour hire companies that exploit workers and dodge tax will face up to three years in jail under laws that have passed South Australia’s Parliament. The laws were sparked by a Four Corners investigation that found extreme exploitation and slave-like conditions in the food production industry, mostly affecting workers employed by labour…
Meanwhile, eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a ‘major financial institution’ after being placed into voluntary liquidation because of unsustainable debt. Tony Wales, a director of eChoice and Welas, a private investment company, which is a secured creditor of eChoice, called in liquidators’ Rodgers Reidy after deciding…
Santa Clara, Calif., 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. The Courts…
November 29, 2017 Hudson Lockett Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/286f2f91-f2ba-3ae4-9884-e6ccf9639da8
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation. In an order dated Nov. 23, the RTC of Parañaque Branch 258 issued an order to liquidate Uniwide Sales Inc., Uniwide…
Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically sensitive areas. Continue Reading Below In a highly unusual move, China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, late last week filed a petition for Indian carrier Reliance, also known…