If Captain Izham Ismail had his way, he would be happily retired after working at Malaysia Airlines for nearly 40 years. The year was 2017, and the carrier, reeling from the loss of two aircraft three years prior, had witnessed the exit of its second chief executive in two years ex-Ryanair senior executive Peter Bellew…
What does employment law in the Czech Republic require of employers when it comes to making redundancies? It is an important question if you’re a business with a presence in the Czech Republic where, just like the rest of the world, mass redundancy exercises are commonplace as businesses restructure in an effort to survive the…
Businesses have always thrived through expansion, synergy and efficiency. Size does matter, but small and lean operations can prove to be very profitable. To deal with this apparent paradox, large multinationals need to be agile in the structuring of their operations. In the late 1980s and early 1990s, several tax regimes were implemented to help…
Now that we are on the road to recovery from the pandemic, what trends are you seeing around restructuring and bankruptcy filings? Rallis: With the end of lockdowns and the reopening of the economy, state and local governments will soon end, or have already ended, their eviction and foreclosure moratoriums, which will allow evictions and…
MedMens dispensary at 110 S. Robertson Blvd. in Beverly Hills. Culver City-based cannabis retailer MedMen Enterprises Inc., which has struggled financially for several years, is pinning its hopes on a turnaround specialist whos already making progress with a difficult restructuring. Tom Lynch was made the permanent chief executive of MedMen on July 15 after more…
Multi-cloud technology services provider Rackspace Technology this week unveiled restructuring that will result in the laying off of about 10 percent of the companys US workforce. Rackspace said it is investing between US$65 million and US$70 million to re-align resources towards fast-growing product and services offerings, including towards cloud services focused on such initiatives as…
Rupert Murdochs News Corp Australia has swung an axe in its commercial division after tapping consultancy McKinsey & Company to assist with another restructure. News Corp sources familiar with the restructuring plans, who spoke on the condition of anonymity, estimated between 30 to 50 commercial roles were cut in recent weeks as the changes were…
– By AT&T Inc. (NYSE:T) is a great investment option at the moment. The stock is set to experience upside through both systemic and idiosyncratic tailwinds. From a market perspective, the company is expected to perform well as it’s a value stock, which typically combat inflation. The company is also in a restructuring process, causing…
This article first appeared in Forum, The Edge Malaysia Weekly, on July 19, 2021 – July 25, 2021. The aftermath of the pandemic and continuing shock to the economy has caused the balance sheets of businesses and corporations to be severely impaired. The negative effects are expected to continue until there is a clear end…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 4 JULY AUGUST 2021IN THIS ISSUE1 Chapter 15 Update: U.S. Bankruptcy Court Refuses to Enforce Order Approving Indonesian Debt Restructuring Plan Due to Third-Party Releases7 Setoffs Under Sharia-Compliant Investment Contracts Not Safe Harbored in Bankruptcy11 U.S. Bankruptcy Code Tolling Provision Applies in Chapter 15 Case to Extend Deadlines Under Foreign…