GrafTech Reports Fourth Quarter and Year Ended 2015 Results – Business Wire (press release)

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INDEPENDENCE, Ohio–(BUSINESS WIRE)–GrafTech International Ltd. today announced financial results for the fourth quarter and full year ended December 31, 2015. On August 17, 2015, GrafTech became an indirect wholly-owned subsidiary of Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (Euronext:BAMA). In accordance with GAAP and using business combination accounting guidelines, results for the full year 2015 are…

A ‘Chapter 11’ Law for Europe’s entrepreneurs – EurActiv

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Europes conflicting insolvency rules create uncertainty among investors, discourage cross-border investment and delay the restructuring of companies facing financial difficulty, writes Paul McGhee. Ironing out these inconsistencies will give businesses a better chance of bouncing back and deliver growth to the real economy, he argues. Paul McGhee is Director of Strategy at the Association for…

Economic Survey 2016 highlights the ‘Chakravyuha Challenge’ for businesses in India – Economic Times

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NEW DELHI: The Economic Survey 2015-16 invokes the legend of the Charkravyuha from Mahabharata describing the ability to enter but not exit, with seriously adverse consequences. The Indian economy has made great strides in removing barriers to entry for firms, talent, and technology but less progress has been made in relation to exit, says the…

Stonewood Homes collapse is a wake up call for all directors – Stuff.co.nz

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GEORGE HEARD/FAIRFAX NZ While creditors of Stonewood Homes anxiously wait to hear whether they will be paid, the case is being cited as a reminder of directors’ responsibilities. In the wake of the Stonewood Homes collapse directors are being reminded that they face tough financial penalties if they fail to meet their legal responsibilities.  Gerard Dale, a corporate…

Stonewood Homes collapse is a wake up call for all directors – Stuff.co.nz

Liquidation

GEORGE HEARD/FAIRFAX NZ While creditors of Stonewood Homes anxiously wait to hear whether they will be paid, the case is being cited as a reminder of directors’ responsibilities. In the wake of the Stonewood Homes collapse directors are being reminded that they face tough financial penalties if they fail to meet their legal responsibilities.  Gerard Dale, a corporate…

Longfords Southern Deliveries collapses into voluntary administration – SmartCompany.com.au

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A transport company that has been operating for more than 25 years has been placed into voluntary administration. Longfords Southern Deliveries, which is based on the south coast of New South Wales south coast, appointed external managers on February 18. Sean Wengel and Robert Whitton from William Buck have been appointed as voluntary administrators. Longfords…

The Examiners: Courts Have the Tools to Keep Claims Trading in Check – Wall Street Journal (blog)

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Overall, does claims trading help or hinder the chapter 11 process? Should additional disclosures be required?   Claims trading became a big business in the early 1980s. At that time, it mainly involved buying trade creditors claims in order to make a profit under the plan of reorganization. Since then, claims trading has grown exponentially and now involves…