The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip and may be detrimental to the interest of various stakeholders as also lenders. The Insolvency and Bankruptcy Code, seeking to facilitate resolution plans guided by the National Company Law Tribunals,…
Accountancy and business advisory firm BDO has strengthened its business restructuring offering in the Midlands with the appointment of a new partner. Ryan Grant joins the firms Birmingham office today, bringing more than 18 years experience in business restructuring having been a partner at AlixPartners (formerly Zolfo Cooper) for the last eight years. He has worked…
Rabat Morocco has signed an agreement with the World Bank to engage youth in business, create employment, and reduce the debt to GDP ratio. The new partnership agreement, set to take effect January 2019, aims to address Moroccos health, socioeconomic, and unemployment challenges. According to Le360, the World Bank has pledged to give Morocco a…
Created by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled. This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard…