Increasing complexity and growing challenges for the restructuring industry Market conditions are growing increasingly difficult as the restructuring wave reaches Germany. Many German companies are struggling as they are faced with the challenge of structural changes and a necessity to adapt their processes and strategies. At the same time, significant change in the financing sector…
BRA – Braathens Regional Airlines (Stockholm Bromma) has completed its restructuring that it started last October, the airline announced in a press release. Several actions were taken to increase profitability, it said, while existing shareholders invested a further SEK114 million kronor (USD11.1 million) in the company to help with the process, which is similar to…
Street Talk Mar 13, 2024 12.37pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Canadian infrastructure giant Brookfields private hospitals business Healthscope has called in restructuring specialists, as health insurers tighten the screws on payouts. Healthscope CEO Greg Horan. Oscar Colman…
PwC Australia announced on Wednesday that it would undertake further job cuts, totalling an additional 329 positions, as part of a significant restructuring effort following a national scandal. This decision comes in the wake of a controversy where a former partner leaked government tax plans, leading to profound repercussions for the firm. The latest reduction…
They commenced their roles as Motel Managers with the employer on January 24, 2023. However, their employment was terminated on September 1, 2023, due to business restructuring and building renovations. They were provided with one week’s notice in lieu of the standard consultation process. Was there genuine redundancy? They argued that their redundancy was not…
What EY restructuring and turnaround strategy teams can do for you As part of EY-Parthenon, our financial and business restructuring professionals support EY clients, from design to delivery, focusing on practical solutions that yield measurable results. Organizations across the globe are facing an unprecedented array of challenges. These threats come in many forms whether they…
The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…
The London-based group, which is backed by Imbiba, cited legacy Covid debts combined with other cost pressures and the forced closure of its Heathrow venue as being behind the decision. Vagabonds estate currently comprises of 10 sites across the capital alongside an outpost within Gatwick Airports South Terminal, all of which continue to trade. In…
SAN JUAN, Puerto Rico — A key hearing over the future of Puerto Ricos crumbling power company and its staggering $9 billion debt began Monday in federal court following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments. The hearing, which is expected to last up to two…
A Brisbane Korean barbecue icon will live on to grill another day after what is understood to be a payroll tax scare that could have pushed it to the brink, striking a deal with creditors to keep three restaurants afloat. The restructuring plan developed with restructuring experts SV Partners was accepted by creditors Maru Hospitality Pty Ltd and…