What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…
Sequoia Financial Group has announced it is restructuring its business and reducing headcount by 10 per cent. The firm said it will move from having four reporting divisions to having two for FY24-25; the new divisions will be licensee & adviser services and legal & administration services. Licensee and adviser services will include Interprac Financial…
The European Commission has approved the restructuring plan of SAS Scandinavian Airlines (SK, Copenhagen Kastrup), stressing that Denmarks and Swedens participation in the process is in line with European Union state aid rules, a company statement said. The effectiveness of SASs chapter 11 plan of reorganisation remains subject to various conditions precedent, including approvals from…
Dive Brief: Toy company Basic Fun on Friday filed for Chapter 11 in bankruptcy court in Delaware. The company sells its owned and licensed brand portfolio, which includes iconic toys by Lite Brite, Tonka, Knex, Lincoln Logs and the Care Bears, to Walmart, Target, Amazon and amusement parks. Basic Fun said the 2017 bankruptcy of…
Sequoia Financial Group has announced it is restructuring its business and reducing headcount by 10 per cent. The firm said it will move from having four reporting divisions to having two for FY24-25; the new divisions will be licensee & adviser services and legal & administration services. Licensee and adviser services will include Interprac Financial…
The European Commission has approved the restructuring plan of SAS Scandinavian Airlines (SK, Copenhagen Kastrup), stressing that Denmarks and Swedens participation in the process is in line with European Union state aid rules, a company statement said. The effectiveness of SASs chapter 11 plan of reorganisation remains subject to various conditions precedent, including approvals from…
Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…
Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring WILMINGTON, Del.–BUSINESS WIRE– The volume of new corporate restructuring mandates is set to continue rising…
What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…
Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring WILMINGTON, Del.–BUSINESS WIRE– The volume of new corporate restructuring mandates is set to continue rising…