The Labor governments Universities Accord final report, released last Sunday, was cynically presented by Education Minister Jason Clare and the corporate media as a call for greater equity. Supposedly, it was designed to boost participation by students from low socio-economic, outer suburban and regional areas, as well as indigenous students. Education Minister Jason Clare with…
olders of three corporate bonds from Waskita Karya have approved a restructuring proposal that gives the debt-ridden state-owned construction firm more time to repay. In meetings on Wednesday and Thursday, they agreed to extend to the end of 2034 the repayment periods for the bonds, which were due in June, August and September last year.…
Navigating through company restructuring poses its challenges, yet employing specific tools can significantly ease the process for both employees and the leadership team; allowing for a smoother transition and cultivating resilience amid change. Joan Beets, Managing Partner in Executive Search & Management Consulting at KennedyFitch, and Martine Corthsy, Founder & Professional Certified Coach for 19…
Operations to Continue Uninterrupted, With No Impact to Customers, Employees or Vendors KANSAS CITY, Mo., February 26, 2024–(BUSINESS WIRE)–CorEnergy Infrastructure Trust, Inc. (OTC Pink: CORR, CORRL) (“CorEnergy” or the “Company”) today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its…
Caesarstone PR In the latest earnings call, Caesarstone Ltd. (CSTE) reported a series of strategic restructuring actions aimed at improving its financial stance amidst a challenging global market. The manufacturer of high-quality engineered quartz surfaces announced a positive cash flow from operations of $66.5 million and a net cash position of $83.5 million. Despite a…
BuzzFeed announced it sold Complex, a media startup that focuses on streetwear and pop culture, to the live-stream video shopping network NTWRK. According to BuzzFeed, it sold Complex in a $108.6 million all-cash deal, with an additional $5.7 million to cover severance and other expenses for laid-off Complex employees. BuzzFeed also announced it will be laying…
The England and Wales Court of Appeal recently handed down its first judgment relating to a restructuring plan under Part 26A of the UK Companies Act 2006: Re AGPS Bondco Plc [2024] EWCA Civ 24. Restructuring plans were a 2020 innovation in UK insolvency law, as described in our earlier alert. At first instance, the judge…
The company emerges from bankruptcy, financially stronger and positioned for growth under new leadership. HALETHORPE, Md., Feb. 22, 2024 /PRNewswire/ IronNet, an innovative leader Transforming Cybersecurity Through Collective DefenseSM has completed its restructuring process and emerged from Chapter 11 as a private company. IronNet emerges as a stronger business, focused on advancing innovation with their…
The long-dormant restructuring market has had a shot in the arm recently, with the City teams of US stalwarts winning lead mandates on the administration of The Body Shop and a rescue deal of Yodel. Jones Day and White & Case are handling the administration of cosmetic group The Body Shop, while Dechert and Weil…
MEXICO CITY In the wake of announcing the closing of a baking plant in New Mexico, Grupo Bimbo SAB de CV said it is planning a restructuring of its North American businesses. Brief comments about the restructuring were shared Feb. 19 in a call with investment analysts in connection with the release of Bimbos financial…