Australias largest vehicle transporter Autocare Services has gone into voluntary administration, citing volatile market conditions, declining vehicle volumes and increasing operating costs as reasons. Big Rigs has asked parent company LINX Cargo Care Group for more details on what todays news means for the many truckies with Autocare, and exactly how they are impacted. An…
February 05, 2021 03:43 ET | Source: Luckin Coffee Inc. Coordination between the Cayman Court and the U.S. Bankruptcy Court to Protect the Interests of Stakeholders and Facilitate Luckin Coffees Restructuring of its Financial Obligations All Company Stores Remain Open and Serving Customers in China; No Material Impact on Daily Operations Expected Company Continues to…
A software firm headquartered in Ireland has taken a stake in a Birmingham debt management company. Aryza has invested in Back to Credit which has been trading for more than ten years. Colin Brown, chief executive of Aryza, said: “By partnering with Lily and her team and leveraging their in-depth knowledge of their sector, we…
Shutterstock The City of London London partners Adam Gallagher and James Watson join as European investment drive continues Simpson Thacher & Bartlett has hired a pair of experienced insolvency lawyers to help establish a European restructuring practice in London. Adam Gallagher and James Watson join as partners from Freshfields Bruckhaus Deringer and Kirkland & Ellis…
The Biden administration is reviewing whether it can take steps to provide student debt relief through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet by White House press secretary Jen Psaki appeared to go further than her comments at a briefing earlier…
The Council of Australian Tour Operators (CATO) has acknowledged Tucan Travels contribution to the industry following the UK and Australian-owned companys collapse. The council said in a statement it was devastated to learn that Tucan Travel had been placed into voluntary administration due to the impact of COVID-19. [CATO] would like to acknowledge its 33-year…