Can we commence proceedings against a company under the Small Business Restructuring Regime? A Case Analysis … – Chamberlains Law Firm

Restructuring

Introduction In the matter of Benjamin Hornigold Ltd v John Bridgeman Limited [2023] FCA 1195, the Federal Court of Australia considered section 453S of the Corporations Act 2001 (Cth) (Act) and the circumstances as to when leave should be granted for proceedings to be commenced against a company undergoing a restructure pursuant to the small business restructuring (SBR) regime.…

Restructuring giant Alvarez & Marsal lures Faraday founder – The Australian Financial Review

Restructuring

Street Talk Mar 24, 2024 6.14pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Another local bigwig has pledged his allegiance to New York-headquartered Alvarez & Marsals assault on Australian dealmaking. Street Talk can reveal John Nestel, a dominant player in…

Credit insurers and their overlooked role in corporate restructurings – Norton Rose Fulbright

Restructuring

Trade credit insurances play a vital part in corporate finance in the German market. Yet the important role of credit insurers in restructuring scenarios is underestimated by many companies and their advisors. We examine what a trade credit insurance is and why it is important to keep insurers close in special situations. German Mittelstand: Stakeholders…

Ant Group Completes Microloan Business Reshuffle – Caixin Global

Restructuring

Ant this week announced a new round of business restructuring under which its overseas unit Ant International, the database operation OceanBase and Ant Digital Technologies will become three independently run business units Chinese fintech giant Ant Group Co. Ltd. has completed the reshuffle of its consumer lending businesses Huabei and Jiebei, wrapping up a years-long,…

Deloitte undergoes major restructuring to streamline operations and weather market slowdown – Accountancy Age

Restructuring

In a move to cut costs and simplify operations, Deloitte, the worlds largest professional services firm by revenue, is embarking on its most significant restructuring in a decade. The overhaul comes amid concerns about a potential market slowdown and follows a period of rapid growth for the consulting giant. Streamlining the business landscape A key…

Update on Hammer Group's Strategic Restructuring and Future Plans – Yahoo Finance

Restructuring

Sarasota, Florida–(Newsfile Corp. – March 20, 2024) – Hammer Technology Holdings (OTC Pink: HMMR) announces its strategic restructuring plan in the letter below. Dear HMMR Shareholders, In light of the fluctuations observed in HMMR stock trading in recent years, the leadership at Hammer Group is committed to enhancing faith and trust among our valued shareholders.…

Unilever announces business restructuring, massive job cuts – Yahoo Finance

Restructuring

Consumer goods giant Unilever (UL) has unveiled a strategic restructuring plan that includes the spinoff of its iconic ice cream business. The company has also announced its intention to streamline operations by cutting 7,500 employees from its global workforce. Yahoo Finance’s Seana Smith and Brad Smith break down the details. For more expert insight and…

Talent management firm YMU sold for $76M after financial restructuring (Report) – Music Business Worldwide

Restructuring

YMU, the UK-based talent agency representing celebrities like Simon Cowell, Graham Norton, and Nicole Scherzinger, has been acquired by Permira Credit for GBP 60 million (approx. USD $76 million). The news, reported by Deadline on Monday (March 18), comes after YMU reportedly explored financial restructuring in June 2023 as it owes 70 million in debt…