While the Tax Office, the Morrison government, and even the banks are more willing to support restructuring solutions than they have been in the past, the ATO is expected to start cracking down on payment plans and compliance, says one insolvency expert. In the wake of JobKeeper, and the expiry of other government support programs,…
The impact of climate change on the environment is now widely recognised, but there may also be an impact on businesses facing financial difficulties either as a result of climate change itself or due to the impact of transitioning to a cleaner world. A total of 196 countries are seeking to implement the aims of…
Mackay Goodwin also calls for Government to modify and extend JobKeeper for vulnerable industries FOR IMMEDIATE RELEASE NEWS RELEVANCE: All Business; All SME; Travel; Tourism; Hospitality; JobKeeper; Government When Job Keeper ends on 28 March, many businesses, especially those associated with travel and tourism, may find themselves financially struggling to meet their financial commitments. Leading…
Business While business confidence has markedly improved, the end of JobKeeper will see many small businesses vexing over cash flow and weighing up restructuring plans, a new survey has found. Business John Buckley 29 March 2021 1 minute read object(stdClass)#17404 (8) { [“image_intro”]=> string(54) “images/articleimages-391×261/850×492/Jon-Sutton-ad.jpg” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(60) “Small business still uncertain of…
The author is ananalystof NH Investment & Securities. He can be reached [email protected]. — Ed. We expect Hyundai Wias share price to show downward rigidity, considering its valuations (2021E P/B of 0.66x) and HMGs improving global utilization rates. A rebound in auto demand, together with visible results at Hyundai Wias new businesses, should provide strong…
Businesses in China can explore strategies for company restructuring to bolster their operational sustainability and facilitate company preparedness and agility, which is essential during periods of crises like the pandemic. As businesses look to benefit from Chinas economic rebound after suffering through the worst of COVID last year restructuring their operations, HR, finances, or supply…
TAMPA, Fla. Global Eagle Entertainment, a provider of media services and satellite Wi-Fi to aircraft, boats and remote locations, has exited Chapter 11 bankruptcy. Around half a dozen of the satellite communication providers lenders took control of the company March 23, shedding about $488 million of its debt in the process. The new owners have…
Oliver’s Real Food (ASX: OLI) expects to achieve annual cost savings of $4 million from a corporate restructuring announced today following a six-month review to make the company profitable after years of financial woes. With a renewed board and an extra $5 million in funds from a recent placement backed by institutional investors, the company…
SINGAPORE: Shares of CapitaLand jumped as much as 20 per cent on Tuesday (Mar 23), a day after the real estate behemoth announced a major restructuring plan to consolidate its fund management and lodging business into a new entity, and take its property development business private. Market analysts were generally positive on the company’s proposed…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 1JANUARY – FEBRUARY 2021IN THIS ISSUE1 The Year in Bankruptcy: 20206 Focus on Health Care Provider Bankruptcies10 Texas Bankruptcy Court Allows Make-Whole Premium as Liquidated Damages and Requires Solvent Chapter 11 Debtor to Pay Postpetition Interest13 Energy Sector Update: More Bankruptcy Courts Join the Fray in Dispute Over Rejection of…