Malaysia’s AirAsia X gets shareholder go-ahead for restructuring plan – Jakarta Post

Restructuring

Share this article Liz Lee (Reuters) Kuala Lumpur, Malaysia Wed, June 2, 2021 2021-06-02 16:15 0 ef61debc7c9ec5e1a7dfe462b71fb817 2 Business Air-Asia,Malaysia,shareholders,restructuring,aviation-industry Free AirAsia X shareholders have approved the Malaysian budget airline’s debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia…

Personal Guarantors Under The Insolvency And Bankruptcy Code, 2016 – Live Law – Indian Legal News

Bankruptcy

The Supreme Court of India in Lalit Kumar Jain vs. Union of India & Ors.[1] has dismissed a challenge to a notification dated 15.11.2019 issued by the Ministry of Corporate Affairs,[2] which brought into force the following provisions of the Insolvency and Bankruptcy Code (hereinafter referred to as the ‘Code’), 2016: Clause (e) of Section…

‘Grossly inadequate’: inquiry slams Crown’s responsible gaming program – The Australian Financial Review

Gambling

Without expressly saying so, the changes now proposed amount to an implied admission that some of Crowns practices some quite recent are inconsistent with the responsible service of gaming … It would be open for the commission to conclude that Crowns various failures to implement the code are serious and persistent, he said. The silk…

Teneo Launches Global Restructuring Business – Yahoo Finance

Restructuring

Firm accelerates expansion with completion of the acquisition of Deloitte’s UK Restructuring Services business NEW YORK and LONDON, June 1, 2021 /PRNewswire/ — Teneo, the global CEO advisory firm, today announced the latest phase of its ongoing expansion by launching a global Restructuring business following the completion of its acquisition of the Restructuring Services business…

Mauritius: roadmap to enforcing claims against offshore companies – ICLG.com

Liquidation

Bilshan Nursimulu of 5 Fifteen Barristers considers the Mauritius-based disputes that can arise from offs… Bilshan Nursimulu of 5 Fifteen Barristers considers the Mauritius-based disputes that can arise from offshore investments, particularly where debt is involved. Mauritius is home to offshore companies with total assets that amounted to USD 582 billion as at 31 December…

North Australia Cattle Company goes into voluntary administration – Beef Central

Liquidation

The North Australia Cattle Company, once one of Australias largest live cattle exporters, has been placed into voluntary administration, with debts owed to trade creditors of approximately $3.6 million. Notices of the appointment of administrators to North Australian Cattle Company Pty Ltd and its sister company Southern Australian Cattle Company Pty Ltd were published on…

AirAsia X gets shareholders’ nod for restructuring | News | Flight Global – Flightglobal

Restructuring

Beleaguered AirAsia X has gained shareholder approval to proceed with its corporate restructuring plan, as it reiterated its commitment to an operational restart as soon as possible. The shareholder approval, which took place at the airlines extraordinary general meeting on 1 June, comes as AirAsia X finalises negotiations with creditors on its restructuring process. The…