Financially beleaguered Sapura Energy is battling hard to retain its status as a top flight Malaysian contractor to the oil and gas sector but the company admits to facing challenges in rebuilding its order book. Sapura said that is facing a drawback in efforts to rebuild its order book, given the limited access to bank…
Samil PwC forms new unit to help corporate restructuring in economic downturn Samil PwC building [Courtesy of Samil PwC] Samil PricewaterhouseCoopers, accounting services firm of PwC in South Korea, plans to launch a Business Turnaround Service (BTS) Center within this month in preparation for a potential wave of corporate restructuring amid economic downturn next year.…
BUSINESS RESTRUCTURING REVIEWVOL. 21, NO. 6 NOVEMBER-DECEMBER 20221IN THIS ISSUE1 Fifth Circuit Rules on the Solvent-Debtor Exception and Make-Whole Premiums2 Lawyer Spotlight: Gary L. Kaplan5 U.S. Bankruptcy Court Can Enforce Foreign Restructuring Plan Providing for Cancellation of U.S. Law-Governed Debt9 Fifth Circuit Embraces Flexible Approach to Countryman Test of Executoriness in Bankruptcies Involving Multiparty Contracts13…
Dive Brief: International Flavors & Fragrances plans to cut jobs as part of a comprehensive restructuring to optimize costs and streamline its business to better serve customers, the company announced at its Investor Day presentation on Wednesday. IFF is targeting annual savings of $100 million from the reduction. By the end of 2023, the company…
Log in to your account FREE Sign up to Accountancy Daily and enjoy Unlimited analysis & case report access Exclusive surveys & industry updates And much, much more… Sign up Future threats can be mitigated and potentially avoided through proactive restructuring, and it is important to continually monitor the viability of a business, explains Niten…
Rockville, Dec. 06, 2022 (GLOBE NEWSWIRE) — Corporate Restructuring Advisory Market Is Expected To Grow At ACAGR Of 6.3%and Reach a Valuation ofUS$ 44.5 Billionby 2033 By Fact.MR Adverse economic and business environment will keep the momentum high for corporate restructuring advisory services providers Fact.MR, a market research and competitive intelligence provider, reveals that the…
The solution to Nigerias growing housing deficit lies in the restructuring of the countrys mortgage business, NIMCO Group, the developer of Ivy Suite Estate, has said. The developer believes that the present structure of the mortgage system in the country does not support or encourage housing affordability as it is neither affordable nor accessible given…
Rockville, Dec. 06, 2022 (GLOBE NEWSWIRE) — Corporate Restructuring Advisory Market Is Expected To Grow At ACAGR Of 6.3%and Reach a Valuation ofUS$ 44.5 Billionby 2033 By Fact.MR Adverse economic and business environment will keep the momentum high for corporate restructuring advisory services providers Fact.MR, a market research and competitive intelligence provider, reveals that the…
Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan. The approval to extend the exclusivity period came after two court hearings on Dec. 6. Celsius, in an…
ACCOUNTANCY and business restructuring practice Gildernew & Co says it is increasingly seeing early signs of financial distress in many businesses across the north. The red flag issue was highlighted at the first in a series of business restructuring seminars, where experts from Gildernew – which has offices in Dungannon and Belfast – shared their…