A High Court ruling clarifying a provision of the Personal Insolvency Acts is good news for a large number of debtors appealing decisions that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonald granted an appeal by a debtor against a Circuit Court finding last October…
Avadel Pharmaceuticals PLC. (NASDAQ:AVDL) lost 10.67% in the previous trading session here is the reason why the stock is hitting new lows. The pharmaceutical company has also set records right regarding its corporate restructuring activities, which have been under massive speculation. According to the companys interim Chief Executive Officer, Greg Divis, the restructuring will…
PG&E is restructuring its board following the deadly wildfires that caused severe and extensive damage in California last year. The company, which is Californias biggest utility, expects just five out of 10 of its current directors to stand for re-election at an annual shareholder meeting scheduled for May 21, the Associated Press reports. We fully…
MANY families are bearing the burden of problem debt as households see their outgoings surpass their income for the first time in nearly 30 years. The average person has outgoings of 26,800 a year but only has a disposable income of 20,200, says the Office for National Statistics (ONS). This means they need 6600 a…
Nexus Law Group has added three senior lawyers as group principals. Maria Monastiriotis, Tara Lucke, and Claudio Venegas have joined the firm. Monastiriotis and Venegas join the firms Sydney office, while Tara Lucke will be based on the Gold Coast, the firm said. All three bring their own unique insights and perspectives in their areas…
Nexus Law Group has added three senior lawyers as group principals. Maria Monastiriotis, Tara Lucke, and Claudio Venegas have joined the firm. Monastiriotis and Venegas join the firms Sydney office, while Tara Lucke will be based on the Gold Coast, the firm said. All three bring their own unique insights and perspectives in their areas…
The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT) before any decision was taken on ArcelorMittals bid for the company. The court also rejected their plea seeking a stay on the National Company Law…
Arconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
Arconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
A 24-year-old windows and conservatories company in North Somerset has gone into liquidation after falling into financial difficulties. Brorn Windows, which is based in Congresbury, designs and fits windows and conservatories across the Bristol area. The company has employed an insolvency practitioner to oversee the winding up of the business and pay off its creditors.…