KPT Restructuring, a new national restructuring and business advisory has entered the market, established in Sydney by Ozem Kassem, Jonathon Parker and Jason Tang. A trio of Cor Cordis partners Ozem Kassem, Jonathon Parker, and Jason Tang have broken away to launch their own consultancy KPT Restructuring, which will provide distressed businesses with restructuring, advisory…
Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency. Simon Cathro, Managing Partner at Cathro & Partners, said that the launch of the new offering comes in response to growing demand for personal insolvency work, at a time when the number of companies and…
Filing under the Companies’ Creditors Arrangement Act (“CCAA”) will enable the Company to restructure its financial affairs and emerge as a stronger entity Contemplated sale and capital injection will enable Black Press to continue serving readers, advertisers and other valued stakeholders SURREY, BC, Jan. 15, 2024 /PRNewswire/ – Black Press Ltd. and certain of its…
Property developer Michael OFlynn has failed in a bid seeking to have the legal costs of his High Court battle over the personal insolvency agreement of his former business partner John ODriscoll paid by the personal insolvency practitioner (PIP) in the case. But the legal battle between the Cork developer against the personal insolvency arrangement…
Energy and natural resources company Ascent Resources updated the market on recent developments related to its joint venture partner Geoenergo on Monday. The AIM-traded firm said that, after petitions from Ascent Slovenia, the relevant court declined to approve Geoenergo’s application for self-declared insolvency. In response to Geoenergo’s initial application for insolvency, Ascent said it quickly…
Fish and shrimp processing equipment manufacturer Norbech has been sold after the company declared bankruptcy in December 2023. Norbech was founded in 1986 as Uni-Food Technic by Bjarne Normann Jensen. The companys products include bleeding tanks, de-heading machines, de-slimers, de-scalers, and more essential equipment for the fish and shrimp processing industry. The company transitioned from…
Hanmi Science, the holding company of Hanmi Pharm, announced a significant restructuring, welcoming OCI Group as its major shareholder and establishing a joint management system. OCI Holdings became the largest shareholder of Hanmi Science, the holding company of Hanmi Pharm, and seeks joint management and synergies in pharma and renewable energy sectors, The move, made…