Amid restructuring, Corbion urged to seek other options – BakingBusiness.com

SAN FRANCISCO With a large investor calling for Corbion NV to explore strategic alternatives, the company is committed to moving forward on a far-reaching restructuring program. While Amsterdam-based Corbion first announced the restructuring plan in October, launching it in response to soft weak financial results, details about the plan were shared in response to a…

Debt-for-nature swaps: A viable alternative for vulnerable economies amid global challenges – White & Case LLP

The concept of debt-for-nature swaps (DFNSs) was first introduced in the 1980s for conversion of debt owed to creditors by developing countries that were unable to service their external debt. Over the past 30 years, a whole range of different debt treatment operations has been developed under the umbrella of DFNSs involving both commercial debt…

Resolution professional calls for EOI for troubled GVK Gautami Power – Business Standard

The resolution professional (RP) for the troubled GVK Gautami Power Ltd, a 471 MW capacity gas-based power plant in Kakinada district of Andhra Pradesh, has sought Expression of Interest (EOI) from corporates, finance firms, and Asset Reconstruction Companies (ARCs). The financial creditor, Edelweiss Asset Reconstruction Company Limited, had filed a petition to initiate a Corporate…

Exploring the synergy between Environmental, Social, and Governance (ESG) and Transfer Pricing – ET Edge – ET Edge Insights

As MNCs strive to align their transfer pricing policies with their global ESG initiatives, they must navigate complexities In recent years, the intersection of ESG considerations and Transfer Pricing has emerged as a critical focus area for companies operating in the global marketplace. ESG factors encompass a diverse range of issues encapsulating environmental sustainability, social…

Cabinet allocates 4.9 billion baht to help ease debt burden of small businesses – Nation Thailand

Kharom Polpornklang, a deputy government spokesman, said on Tuesday that the approved package comprises three key measures, namely: Debt moratorium for SMEs: A debt moratorium will be offered to small businesses grappling with financial challenges in the wake of the Covid-19 pandemic. Soft loans for loan shark victims: Soft loans will be provided to debtors…

Shaun Barton: Recognising the warning signs of company insolvency – Scottish Financial News

Shaun Barton Shaun Barton, partner at Company Closure, highlights the warning signs of a company insolvency. When it comes to the impending, or actual, insolvency of a limited company, taking swift action is critical. Seeking the services of a business turnaround expert such as a licensed insolvency practitioner at an early stage could mean the…