International bus and coach manufacturing giant Van Hool is hoping for a rapid restart after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…
Allen & Overy has hired its second partner from the London arm of Milbank so far this year, bolstering its restructuring practice with the addition of partner Karen McMaster. Recognised as a leading individual in The Legal 500, McMaster leaves Milbank after six years at the US firm. Her experience includes advising on debt restructuring and…
It provides an opportunity for a business to continue trading, while giving the company breathing space and address outstanding debt in a more orderly manner, he said. VAs can be an excellent business rescue solution. It takes the pressure off the directors and gives the business the best chance of survival. Additionally, Howell highlighted an…
By Maria Chiorando For Mailonline Published: 02:14 AEST, 16 April 2024 | Updated: 02:31 AEST, 16 April 2024 Karen Millen OBE has revealed that she misses the cleaner she used to have before going bankrupt. The designer, 62, who lives in Kent, made the comments in an interview wi… Read the full article at: https://www.dailymail.co.uk/femail/article-13310725/Karen-Millen-reveals-misses-cleaner-going-bankrupt.html
The UN Environment Programme estimates that developing nations will need up to 364 trillion each year in public finance for climate adaptation this decade. ADVERTISEMENT Pressure is mounting for global financial reforms to help developing nations tackle climate change. An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary…
More than 40% of American adults have medical debt, and almost 60% of those with hospital medical debt had health insurance. Its tempting for policymakers and private entities to provide medical debt relief. Has medical debt relief actually helped individuals who received it? To answer this question, four economists from Harvard, Stanford, the University of…
Shohei Ohtani’s longtime interpreter Ippei Mizuhara (R) was charged Thursday with bank fraud alleging he stole over $16 million from Ohtani to pay off his gambling debts. The Los Angeles Dodgers fired Mizuhara in March after learning of his sports betting activity, which is illegal in California. File Photo by Jim Ruymen/UPI April 11 (UPI)…
By Lisa Edser For Daily Mail Australia Published: 14:21 AEST, 15 April 2024 | Updated: 14:51 AEST, 15 April 2024 A building company that completed projects at Taronga Zoo and Hayman Island has gone into voluntary administration. NSW-based company Viridi Group has found itself i… Read the full article at: https://www.dailymail.co.uk/news/article-13308317/Viridi-Group-goes-voluntary-administration-NSW-based-construction-company-multi-million-dollar-contract-suspended.html
India’s National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Deccan Charters (Bengaluru International) until its next hearing on April 26, according to multiple local media reports. The tribunal directed the applicant, financial creditor Krone Finstock, to reply within four days to arguments presented by Deccan Charters in its appeal filed with the…