MANILA, PhilippinesTaipan Lucio Tans Philippine Airlines (PAL) announced its commitment to continue operationsincluding transporting vaccines and stranded Filipinosamid a looming restructuring plan meant to ensure its survival during the global health catastrophe. Our flights and operations will not be affected in any restructuring, PAL said in a statement on Tuesday (May 11). ADVERTISEMENT We continue…
The Competition Commission of India (CCI) has deemed approved the green channel notice filed by Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services Private Limited in relation to internal restructuring of IBM Corporation. International Business Machines Corporation (IBM Corporation/ seller) plans to spin off its global MIS Business into a new public company, within…
CHICAGO, May 11, 2021 /PRNewswire/ –Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Adam Chonich has joined the firm as a Managing Director. Adam has well over a decade of turnaround and restructuring experience having advised…
During these turbulent times conversations between insolvency and restructuring practitioners and their clients may touch on attracting investment. This is nothing to be apprehensive of says Mike Jervis, Partner, Restructuring and Insolvency, at PwC UK. He sits within a team of close to 50 UK partners and 500 staff tasked with anything from cash management…
Telson Mining Corporation is pleased to announce a restructuring of its Board of Directors to better reflect and support the current growth of the Company as it continues construction of its flagship Tahuehueto Gold mine, improves efficiencies and metal recoveries at its Campo Morado operating mine and progresses on its development towards becoming a mid-tier…
Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a U… Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a USD 7.1 billion financial restructuring following a Chapter 11 bankruptcy filing in August last year. Slaughters and Kirkland & Ellis…
SINGAPORE – The relationship between the Government and newsrooms should not be affected even as Singapore Press Holdings (SPH) restructures its media business into a model that can receive state funding, said Minister for Communications and Information S. Iswaran. In a ministerial statement on Monday (May 10), he said the Government “does not intend nor…
ISLAMABAD: Secretary Cabinet, Sardar Ahmad Nawaz Sukhera has reportedly blocked PIA’s restructuring plan prepared by the Prime Ministers Advisor on Institutional Reforms and Austerity (IR&A), Dr Ishrat Hussain, arguing that it would not be in accordance with Rules of Business, 1973 to take any decision, especially when it entails large sums of public money on…
Clarke: Client and market reaction has been universally positive The former restructuring advisory and employer covenant business of KPMG has rebranded and launched as Interpath Advisory. The multidisciplinary practice was sold to H.I.G. Europe and Interpath’s managing directors in March. The retitled business formally launched this week. Interpath employer covenant team leader David Clarke said:…
In what has been called an extraordinary case, Valaris$7bn financial restructuring made sizeable waves this week, as firms including Kirkland & Ellis, Slaughter and May and Akin Gump steered it to a successful conclusion. The transaction sees offshore drilling service providerValaris emerge from Chapter 11 after the company filed in August 2020, eliminating $7.1bn of…