GREENFIELD – Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) says it will cut about 350 jobs globally as part of an ongoing restructuring effort. The company says the move aims to improve operational efficiency following the $7 billion acquisition of Bayer Animal Health last year. The news comes about four months after the company announced…
By Tom Bergin LONDON (Reuters) – A Lebanese lawyers’ association has asked British authorities to halt the voluntary liquidation of a UK-registered company over possible links to last year’s explosion at Beirut port, according to a letter seen by Reuters. In the Jan. 25 letter to British lawmaker Margaret Hodge, the Beirut Bar Association (BBA)…
Tuesday, January 26, 2021 A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company’s reorganization is possible without insolvency and includes the majority decision of its creditors. In its final session in 2020, the German Bundestag passed the so-called Act on the Further…
January 26, 2021 14:49 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today announces that the timing of the previously announced interim distribution to its registered shareholders (the Interim…
A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company’s reorganization is possible without insolvency and includes the majority decision of its creditors. In its final session in 2020, the German Bundestag passed the so-called Act on the Further Development of Restructuring and…
Photo: Seth Wenig/AP/Shutterstock A Delaware bankruptcy judge has approved a settlement of more than $17 million for women who have accusedHarvey Weinsteinof sexual misconduct. Under this agreement, accusers would submit claims, and the amount they receive would depend on the type of allegation. Weve worked closely with many survivors of Harvey Weinstein who desired a…
Diamond Offshore Drilling, Inc. announced Monday that it has entered into a plan support agreement with holders of over 70 percent of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction. The deal will significantly deleverage the companys balance sheet and position the business for future growth, according…
On 25 January 2021, a winding up order was made against Debenhams PLC (Company number: 05448421) and the court appointed the Official Receiver as liquidator. Debenhams PLC was formerly the holding company for the Debenhams retail group but at the date of liquidation it had no active operations or employees. The trading arms of the…
The Delhi bench of the National Company Law Tribunal (NCLT) has initiated insolvency proceedings against a firm belonging to The Pioneer group, following a plea by one of its directors. The Pioneer group, owned by journalist Chandan Mitra, brings out one of the country’s oldest newspapers of the same name. Mitra declined comment when contacted.…
Published on :26 Jan, 2021 , 7:47 am Updated on :26 Jan, 2021 , 7:02 am The Supreme Court has upheld an order passed by the National Company Law Appellate Tribunal (NCLAT) directing an Operational Creditor to pay the CIRP costs and fees after the dismissal of his insolvency plea. (Rajkumar Brothers And Production Pvt…