ANALYSIS/OPINION: Serafim Sotiriadis & Associates is an Athens-based law firm, specializing in commercial law, insolvency law, business restructuring and recovery. It was the first law firm in Greece to successfully submit and ratify a rehabilitation agreement – a document that has served as a reference point for the Rehabilitation Mechanisms (106b and 106d of the…
As businesses learn to cope with the pandemic, investors can look to restructure their Vietnam operations to adapt and go beyond the health crisis. Businesses can take a number of actions to such as modifying their debt exposure, liabilities, and operations to limit financial harm and improve business viability. Vietnam Briefing explores some of these…
George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration WASHINGTON, July 6 (Reuters) – The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for low-income countries hammered by the COVID-19 pandemic,…
Menendez, Booker, Colleagues Urge Education Department to Expand Debt Relief for Student Loan Borrowers Menendez, Booker, and Colleagues to Secretary Cardona: We encourage the Department to pursue policies that reduce disparities in the burden of student debt, simplify loan repayment, close donut holes in forgiveness programs, and improve the overall confidence of borrowers in the…
BROOK SABIN/STUFF For less than $100, Kiwis can fly to an island that’s mix of Fiji and Niue. Failed Auckland airline Fly My Sky owes more than $800,000 to creditors, including customers who bought airfares for flights that have been cancelled. Commercial Helicopters, the registered company behind the airline, went into liquidation on June 29.…
KPMG restructuring spin-off Interpath has held early-stage talks with US restructuring business Conway MacKenzie in a bid to grow its international capabilities. Interpath broke away from KPMG UK in May in a management buyout backed by private equity firm HIG. Interpaths chief executive Blair Nimmo told Financial News that the firm had held exploratory discussions…
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ASIC has warned debt management firms, who are now require to hold an ACL, that it is closely monitoring compliance with new laws and will take action when necessary. From 1 July 2021, debt management service providers (including firms offering debt negotiation or credit repair services) are regulated under the National Consumer Credit Protection Act…
One awkward thing about the nations unionists teaming up with the nations bosses to responsibly steward the capital of the workers is that it sometimes leaves the unionists defending the workers capital over … well, the workers. As reported in this paper on Wednesday, embattled IFM-backed field services contractor Tandem has placed the majority of…
They thought they were going to hold this company to account over its system of work that has caused a lot of them extreme hardship and they also may well have missed out on employment entitlements they might have otherwise got, she said. This is an affront to workers around the country quite frankly. IFM,…