BUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 5 SEPTEMBEROCTOBER 20231IN THIS ISSUE1 Courts Broad Interpretation of Definition of Securities Contracts Promotes Expansive Scope of Bankruptcy Code Safe Harbor2 Lawyer Spotlight: Kathryn Sutherland-Smith6 Texas Bankruptcy Court Blesses Serta Chapter 11 Plan Over Objections of Lenders Excluded from Position Enhancement Transaction9 Circuit Split Widens on Extent of Abrogation of…
CHICAGO, Oct. 3, 2023 /PRNewswire/ — Global law firm Ropes & Gray announced today that Chris Dickerson, a market leader in advising companies and sponsors in their most complex restructuring transactions, has joined the firm in Chicago. Chris’s addition is another, significant step as Ropes & Gray continues to enhance its restructuring, liability management and special…
A Royal Commission into the Financial sector uncovered damning practices by AMP Capital. The company responded with a plan to restructure its operations into two entities. A class action suit filed against AMP Capital has now been settled. Diversified financial services provider AMP Limited (ASX: AMP) saw its share price embark on a steady decline…
Image Source : PTI/FILE PHOTO Vedanta Chairman Anil Agarwal during an MoU signing ceremony between Vedanta-Foxconn Group and Government of Gujarat. Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase…
Hindustan Zinc Restructuring: Is It Headed For A Three-Way Vertical Split? Business NewsHindustan Zinc Restructuring: Is It Headed For A Three-Way Vertical Split? ADVERTISEMENT 03 Oct 2023, 6:58 AM IST 03 Oct 2023, 6:58 AM IST 03 Oct 2023, 6:58 AM IST WhatsApp X (was Twitter) Facebook Telegram Read the full article at: https://www.bqprime.com/business/hindustan-zinc-restructuring-is-it-headed-for-a-three-way-vertical-split
By Ben Glickman Pharmaxis will sell its mannitol respiratory business as part of a broader restructuring and pivot to focusing on treating blood-related cancers. The Australian company said it would sell its mannitol respiratory business unit, which makes drugs Aridol and Bronchitol, to Arna Pharma. Pharmaxis will receive royalties from the business unit for eight…
On account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU’S has set the target to become profitable by March 2024, reported news agency PTI citing sources. The firm has undertaken an exercise to reduce the workforce by about 3,000-3,500 in October by ending duplication in roles…
PTI | | Posted by Singh Rahul Sunilkumar Oct 01, 2023 05:03 PM IST Share Via Copy Link BYJU’S aims to become profitable by March 2024 through restructuring and settling a $1.2 billion loan, including reducing its workforce. Edtech major BYJU’S has set the target to become profitable by March 2024 on account of consolidation…
BENGALURU, Oct 2 (Reuters) – Indian on-demand delivery platform Dunzo said on Monday that one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed (RELI.NS) startup also announced an organisation-wide restructuring from this quarter. Dunzo has been struggling to strike a funding deal in the past few months and has announced…
Turnaround specialist firm Vantage Performance has joined forces with the University of Queensland to offer a 13-week Turnaround Management module for students enrolled in a bachelor of advanced finance and economics. Vantage Performance executive director Kevin Higgins said the Introduction to Turnaround Management, which sat within the Financial Modelling course, offers students a real-world learning…