Business Restructuring Review | SeptemberOctober 2021 | Jones Day – JDSupra – JD Supra

BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 5 SEPTEMBEROCTOBER 2021IN THIS ISSUE1 Secured Lenders Credit Bid Right in Bankruptcy Sale Denied4 Structured Dismissal of Chapter 11 Cases Did Not Violate Jevic8 Work-for-Hire Film Production Agreement Not Executory Contract in Bankruptcy Due to Lack of Mutual Continuing Material Obligations12 Stalking Horse Bidder May Be Entitled to Administrative Priority…

Company insolvencies jump 71% in August – Accountancy Today

Registered company insolvencies across England and Wales spiked 71% year-on-year to 1,348 in August 2021. The figure, which was slightly below August 2019s 1,366 insolvencies, consisted of 1,256 CVLs, 35 compulsory liquidations, two CVAs, and 55 administrations. Related Articles This represented a year-on-year climb of over 50% for both CVLs and compulsory liquidations, while administrations…

Short seller Jim Chanos is betting against US casino stock Wynn – Markets Insider

David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Jim Chanos holds a short position against US casino stock Wynn, saying it’s 50% overpriced. Wynn’s exposure to the potential overhaul of the gambling industry in Macau should not be ignored, he said. The US casino’s stock was last trading around $82 per share on Tuesday, but Chanos said it’s…

Apogee Enterprises Reports Fiscal 2022 Second-quarter Results – Business Wire

MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2022 second-quarter results. Second-quarter revenue grew 2.0 percent to $325.8 million, compared to $319.5 million in the second quarter of fiscal year 2021, led by growth in Architectural Services and Large-Scale Optical. The company reported a net loss of $(0.08) per diluted share, which included…

Bank of Thailand says increased public debt ceiling to help economy – Bangkok Post

published : 21 Sep 2021 at 20:10 writer: Reuters FILE PHOTO: Bank of Thailand Deputy Governor Mathee Supapongse in 2015 (Photo supplied) Thailand’s increased public debt ceiling will give flexibility in policy implementation to cope with the coronavirus and support the economy as fiscal measures are still necessary, the central bank said on Tuesday. The…

New Companies Act, CIRA will turn fortunes of businesses in Ghana Registrar-General – Modern Ghana

Mrs Jemima Oware, the Registrar-General, says the implementation of the new Companies and the Corporate Insolvency and Restructuring Acts (CIRA) will turn the fortunes of businesses in the country. The Companies Act, 2019 (Act 992) and the CRIA 2020 (Act 1015) were passed into law on August 2, 2019 and April 30, 2020 respectively, to…

User guide on Corporate Insolvency and Restructuring Act launched – Graphic Online – Graphic Online

Mrs Jemima Oware (middle), Registrar General, making some remarks as Mr Felix Addo (left), President, Ghana Association of Restructuring & Insolvency Advisors, and Mr Hamidu Solo (right), Project Lead, International Finance Corporation, look on. Picture: NII MARTEY M. BOTCHWAY The Registrar Generals Department (RGD), in collaboration with its partners, has launched a soft copy of…