More than 6,500 people in California are eligible for restitution in a lawsuit over student loan debt relief, with Los Angeles City Attorney Hydee Feldstein Soto announcing Wednesday that her office will be distributing part of $95 million in payments to customers across the country who alleged that Premier Student Loan Center deceived consumers. The…
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Axcella Therapeutics (Nasdaq: AXLA), a biotechnology company pioneering a new approach to treat complex diseases using multi-targeted endogenous metabolic modulator (EMM) compositions, today announces a repositioning of its strategy to focus on Long COVID and realize value from its platform and current programs. The company has initiated a process to explore a range…
We are pleased to present our first edition of the Annual Return, reporting on landmark cases, legislative reform, and the implications for your practice. Uncharted waters The last few years have been exceptionally challenging for all professionals, including insolvency practitioners. Global health and economic disruptions brought about by COVID-19, and rising geo-political tensions have set…
In the matter of Mediacloud Pty Ltd (Administrators Appointed) [2021] NSWSC 357 the New South Wales Supreme Court demonstrated its wide discretionary power. The decision extended the period of administration of a company to avoid it being automatically wound up for failing to execute a deed of company arrangement within the required time. This, in…
Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} When you apply for credit, such as a bank loan or credit card, the lender needs to make a decision about whether youll be able to repay the money you want to borrow. To do this they will look at your credit report,…
The Mexican government could resume direct transfers of funds to public oil and gas giant Pemex next year due to the company’s tight debt repayment schedule. Pemex CEO Octavio Romero Oropeza told press late on Tuesday that his team was asking the finance ministry for more support, given that the calendar of debt repayments looks…
Enhancing McGraths capabilities across the NSW/Qld border region, the network has revealed a restructuring of its Palm Beach and Tweed Coast outposts. Already have an account? Sign in below: Both successful businesses will merge in a move described by network head of franchise services Chris Mourd as a win-win. It makes good sense for our…
Johannesburg, South Africa Long-running tensions between the major international lenders and China were aired at a meeting in Chinas Anhui province, where participants sought agreement on a way forward for some of the worlds most indebted countries, many of them in Africa. Representatives of the International Monetary Fund, World Bank, and Beijings finance ministry participated…
Senators across both major parties on Wednesday sharply criticized bankrupt cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, while advocating for regulation of the digital currency sector. Lawmakers on the chamber’s banking committee differed significantly, however, on whether FTX exemplified wider industry dangers or merely a run-of-the-mill fraud that could occur at any business.…
What we want is to achieve the abolition of all illegitimate public debts, both in the North and in the South, it is NOT to debate and/or mobilize for the ‘Debt Relief Against Climate Action proposal’ What we want to achieve is the abolition of all illegitimate public debts, both in the North and the…