The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…
States regulate insurance companies, and all 50 states have systems in place to protect policyholders if an insurance company goes out of business. That means youre not totally out of luck if your insurance company goes under. Its important to understand how the process works and what sort of protection it offers. Better yet, know…
January 18, 2024 Gibson, Dunn & Crutcher LLP is pleased to announce that Lisa Stevenswho was an associate at the firm from 2011 to 2015 will rejoin the firm as a partner in its Business Restructuring and Reorganization Practice Group in London. Commenting on the addition, Scott Greenberg, Global Chair of Gibson Dunns Business Restructuring…
Corporate insolvencies in December continued to rise, with an increase of two per cent compared to December 2023. However, the increase was significantly lower than last Decembers year-on-year increase of 32 per cent, according to figures published this week by the Insolvency Service. This takes the number of corporate insolvencies in the month of December…
Before you make a decision on a debt relief solution, it’s important to know the true costs associated with it. Getty Images No matter how financially savvy you may be, there may be points where you find yourself grappling with debt. After all, it takes just one major financial emergency whether it’s an unexpected medical…
Corporate insolvencies in December continued to rise, with an increase of 2% compared to December 2023. However, this increase was significantly lower than last Decembers year-on-year increase of 32%, according to figures published this week by the Insolvency Service. This takes the number of corporate insolvencies in the month of December to 79% higher than…
Administrators have raised concerns about the payroll practices of a labour-hire company that owes seasonal workers from the Pacific Islands $4 million. Key points: PGP Group Pty Ltd has been saved from collapse after going into voluntary administration with debts of $28m The company owes 2,412 employees more than $4m in superannuation and other entitlements It also owes the ATO…
The layoffs plaguing the tech sector have hit YouTube. The streaming video platform will cut about 100 roles as part of a restructuring of its content teams. YouTube chief business officer Mary Ellen Coe announced the changes in a memo Wednesday, and a spokesperson for the platform confirmed them to The Hollywood Reporter. More from…
Last months insolvency figures for England and Wales are out, showing a massive 79 per cent rise compared with pre-pandemic levels at the close of 2019. Industry trade body R3 identified 25,155 insolvencies across the two nations in December 2023, up from 22,129 in 2022. Corporate insolvencies showed a seasonal dip of 18.9 per cent…