Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
Some loans are better for your finances than others. Good debt includes funding that puts you in a better financial situation in the long run, while bad debt leads to credit problems. Student loans are typically considered good debt because a higher education can lead to the career or income you want. Key Takeaways “Good…
Investment agreements generally include provisions for liquidation preference. Investors have the right to receive a specific amount before other shareholders on the occurrence of pre-defined liquidation events such as acquisition, merger and the sale of substantial shareholdings or of substantial company assets. Typically, these investors are entitled to receive their initial investment or a multiple…
Oksana Lashko has joined Morrison Foerster as a partner in the business restructuring and insolvency group in the transactions department in New York, the firm said Wednesday. Lashko represents debtors, creditors, and official and ad hoc committees in chapter 11 cases, out-of-court restructurings, cross-border insolvency matters, bankruptcy-related acquisitions, and insolvency-sensitive transactions and investments, according to…
This blog article was co-authored with Shumi Ruan Overview As Australian businesses have begun to face the reality of the changing global macroeconomic conditions, it is increasingly important for companies and their directors to consider the risk of corporate insolvency as they navigate slower economic activity. The latest statistics released by the Australian Securities and Investment…
The Corporate Insolvency and Governance Act 2020 is far-reaching with its implications extending to pension schemes. Pension scheme employers and trustees should ensure that they are familiar with the provisions of the Act, and the potential impact that they could have on schemes, employers and savers. Introduction The Act received royal assent on Thursday 25…
Alan Brody, shareholder in Florham Park-based Greenberg Traurig LLPs New Jersey Restructuring & Bankruptcy Practice, has been elected as the Turnaround Management Associations New Jersey chapter president for January 2024-December 2025. Members of the executive committee, including Brody, were installed at the annual meeting of the New Jersey chapter Feb. 1 at the Baltusrol Golf…
Major building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
Hong Kongs High Court has declared self-exiled activist Ted Hui bankrupt for failing to pay costs of legal proceedings involving him. The former lawmaker, who left Hong Kong in November 2020, is among 13 self-exiled pro-democracy activists accused of breaching the Beijing-imposed national security law. Ted Hui in the UK. File Photo: May James/HKFP. High…