image copyrightGetty Images The government is asking for the publics opinion about the impact of loot boxes in video games, in an eight-week consultation. Loot boxes are a controversial feature of many video games both console and mobile. When a player purchases a loot box, they only find out what is inside it once they…
Mr Reeves said he had only a vague memory of people knocking on his door in 2016 “and talking about a free laptop” which he didn’t receive. “When I did my tax last year I found out I had a debt of $75,000,” he said. “I was devastated. I thought, ‘How is this possible and…
Sizzler USA has declared bankruptcy, with the 62-year-old chain known for its affordable steaks and all-you-can-eat salad bar citing the ongoing coronavirus for its financial woes. The pandemic, which has killed more than 200,000 people in the U.S., has hurt “fast-casual” restaurant chains like Sizzler burdened with high rent and other operating costs. California Pizza…
September 22, 2020 13:23 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE SUCCESSFUL COMPLETION OF THE FINAL STEPS OF THE FINANCIAL RESTRUCTURING OF THE COMPANY Paris (France), 22 September2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (Technicolor or the “Company“) is pleased to announce the successful completion of the final steps provided for in the accelerated financial safeguard…
Beside the ongoing debates regarding the Extraordinary Administration Proceedings (EAP), which was a tailormade framework to manage the restructuring of Agrokor, market trends show a drop in numbers in both pre-insolvency and insolvency cases. This downward trend originates in the 2015 restructuring and insolvency reform that over-formalised the pre-insolvency process and discouraged debtors from using…
Like many jurisdictions, the US has seen a surge in bankruptcy filings amid the Covid-19 pandemic. Retailers already burdened by unfavourable lease obligations and a general shift in consumer preference to e-commerce have borne the brunt of the crisis. In the first two quarters of 2020, nearly 20 major retailers sought Chapter 11 protection in…
Dr Debelle, who warned the economy faced a gradual and uneven recovery from the recession, told an Australian Industry Group virtual conference the bank could seek to lower the structure of a range of interest rates across the economy without taking the cost of money negative. Loading This would also put downward pressure on the…
Video PlayerClose BEIJING, Sept. 22 (Xinhua) — The international community needs to take timely and robust measures in such fields as debt relief and international assistance, ensure the implementation of the 2030 Agenda for Sustainable Development and help developing countries overcome their difficulties, Chinese President Xi Jinping said Tuesday. Enditem Read the full article at:…
Hong Kong SAR does not have a statutory corporate rescue regime. Many restructurings take the form of workouts, implemented by consent or by way of a Hong Kong SAR law scheme of arrangement. The court appointment of a provisional liquidator, which displaces the company’s directors and includes a statutory stay on proceedings, may be used…
As with the rest of the world, the Covid-19 pandemic has been affecting the operation of companies registered in Luxembourg in multiple ways. With new challenges lying ahead owing to this unprecedented health and economic crisis, local economic stakeholders have had to revisit their business models and prioritise short-term strategies to ensure the viability of…