Voluntary Chapter 11 Commenced to Finalize Consensual Go-Forward Plan for Amyris’ Core Business $190 Million Financing Commitment from Foris Ventures to Support Day-to-Day Operations EMERYVILLE, Calif., Aug. 9, 2023 /PRNewswire/ — Amyris, Inc. (Nasdaq: AMRS) (“Amyris” or the “Company”), a leading synthetic biotechnology company accelerating the world’s transition to sustainable consumption through its Lab-to-Market technology…
August 10, 2023 09:59 | News Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a surge. Thats the verdict from comparison site Insolvency Australia, which found the number of businesses going bust has risen significantly in the past year. Companies appointing administrators, liquidators…
Cassandra MorganAAP Camera Icon Cash-strapped businesses are under pressure from the Australian Taxation Office and other creditors. (Tom Compagnoni/AAP PHOTOS) Credit: AAP Share to Facebook Share to Twitter Email Us Copy the Link Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a “surge”.…
ASIC has commenced proceedings in the Federal Court against Bakken Holdings Pty Ltd (Bakken), an operator of the debt management business Solve My Debt Now, following concerns of substantial consumer harm. ASIC alleges customers of Solve My Debt Now were in financial hardship and often had, or were about to, default on credit facilities such…
Engine LessorWillis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spicejet before the National Company Law Tribunal was maintainable, and the demand notice issued by the lessor could not be questioned.The reply came in response to the arguments made by Spicejet questioning the maintainability of WLFCs petition…
Michael A. Criscito Joins FTI Consulting to Co-Lead Real Estate Restructuring Advisory Services FTI Consulting Senior Managing Director Cynthia A. Nelson Also Named Co-Leader of Real Estate Restructuring Advisory Services Washington, D.C., Aug. 9, 2023 FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Michael A. Criscito as a Senior Managing Director and Co-Leader of…
World Rugby has announced the appointment of City Football Group Finance Director Neil Hitchen to lead the finance function, replacing former Chief Financial Officer Robert Brophy who stepped down in June. Hitchen will join the business in September, an exciting time for the sport with Rugby World Cup 2023 getting underway in France. The…
Proterra, the Democrat-connected electric bus manufacturer heavily promoted by the Biden Whitehouse and funded by taxpayers, filed for bankruptcy Monday, much like several green energy boondoggles did during the Obama era. The California-based company reportedly filed a voluntary Chapter 11 reorganization under the U.S. Bankruptcy Code to strengthen its financial position and said it would…
Yet another building company has collapsed, becoming one more casualty amid an industry-wide crisis. NSW-based Rescon Builders Pty Ltd, which was trading as Rescon Granny Flats, went into voluntary administration at the end of June. As its name suggests, the builder specialised in granny flats and worked on projects across Sydney, and the NSW south…
BourkeHood founder Jason Hood. Source: Supplied Fast-growing research and development tax advisory BourkeHood has entered voluntary administration, with its high-profile founder highlighting cashflow challenges at the firm. On Thursday, KordaMentha announced Kate Conneely and Rahul Goyal were appointed as voluntary administrators for BourkeHood Pty Ltd, trading as BourkeHood. In a statement shared by KordaMentha, BourkeHood…