Nov 14, 2023 12.24pm Wealth manager E&P has reached a $16 million settlement deal for class action proceedings over alleged conflicted and misleading advice brought by Shine Lawyers on behalf of former clients of its Dixon Advisory business. There is no admission of fault attached to the settlement. Alan Dixon, then managing director and CEO…
Sri Lankas government defaulted in April 2022. How is economy doing today?The situation is dire. Sri Lankas GDP contracted by 7.8% last year and is contracting this year as well. Some 500,000 formal-sector jobs have been lost. Another 1 million informal jobs were lost in the construction sector. Cost of living has risen by over…
Jones Day has strengthened its restructuring practice in Germany with the hire of a partner from Ashurst. Alexander Ballmann specialises in insolvency and restructuring proceedings, as well as distressed M&A transactions, and will join the US-based firms business restructuring and reorganization practice in Munich. Alexander has deep roots here in Munich, and is generally regarded…
A storied Greater Toronto Area furniture brand founded by a former city mayor and popularized with television and radio ads proclaiming “nooobody” could beat its prices is aiming to restructure its business. In a filing made under the Bankruptcy and Insolvency Act last week, Bad Boy Furniture Warehouse Ltd. said a slew of economic conditions…
UK-based youth publisher LADbible is restructuring its Australian business at the end of 2023, with 52 Australian staff at risk of redundancy across its Sydney and Melbourne offices. A source, who declined to be named, told news.com.au that the announcement was made to Australian staff on Sunday, September 12 by UK-based chief financial officer Tim…
(WSPA) With inflation high and COVID stimulus checks gone, Americans are racking up debt at levels we havent seen since the great recession in 2008. Credit card debt, in particular, hit an all-time high of $930 billion this month. Therefore 7NEWS Here to Help got expert advice on programs and methods that have proven…
Three Things You Should Know About Fraud In the current economic environment, all organizations are increasingly susceptible to fraud from the very people they employ. Fraud is not only an annoyance but poses a significant operational risk. The Association of Certified Fraud Examiners (ACFE) estimates that a typical organization loses 5% of its revenue due…
Jones Day has strengthened its restructuring practice in Germany with the hire of a partner from Ashurst. Alexander Ballmann specialises in insolvency and restructuring proceedings, as well as distressed M&A transactions, and will join the US-based firms business restructuring and reorganization practice in Munich. Alexander has deep roots here in Munich, and is generally regarded…
Jones Day has strengthened its restructuring practice in Germany with the hire of a partner from Ashurst. Alexander Ballmann specialises in insolvency and restructuring proceedings, as well as distressed M&A transactions, and will join the US-based firms business restructuring and reorganization practice in Munich. Alexander has deep roots here in Munich, and is generally regarded…
Topline Amazon plans to lay off more than 180 employees in its games division as part of a restructuring, multiple news outlets report, as lingering recession fears prompt large companies to cut costs (see Forbes layoff tracker from the first quarter here). Timeline November 13Amazon is cutting about 180 employees in its gaming division, according…