The Federal Governments proposed changes to the insolvency framework, which will commence on January 1 if legislation is passed, could result in an unprecedented number of possible claim events for trade credit insurers, Lockton Companies Australia has warned. The reforms, announced in September by Treasurer Josh Frydenberg, draw on key features from Chapter 11 of…
Business Standard Under the scheme, borrowers’ accounts will not be downgraded as sub-standard or ‘non-performing’ if their loans are restructured TopicsReserve Bank of India|debt restructuring scheme|India Inc The Reserve Bank of Indias (RBIs) loan restructuring scheme for Covid-19-affected borrowers has seen few takers in the corporate world so far, according to bank executives who have…
Could a regional turboprop operator once said to never, ever be able to turn a profit become Malaysias next national carrier? Thats the question confronting senior management at Malaysia Airlines, with the carriers fate again thrust into the spotlight after acknowledging the deep impact the coronavirus outbreak has wrought on its fortunes. Malaysia Airlines had…
KPMG is looking at reshaping its business (pic: KPMG) Big Four accountant KPMG is considering a sale of its restructuring arm as the major players seek ways to reshape their businesses in the face of regulatory and economic pressure. A sale is seen as part of a wave of deals that could be imminent as…
KPMG is considering selling its UK restructuring business as the accounting giant looks to shore up its finances after delaying its annual results amid the disruption caused by Covid-19. The firm is exploring options for the division including a possible sale as the Big Four accountants prepare for extensive reforms of their business to comply…
Officials from the Communication Workers Union (CWU) and the Communications Electrical Plumbing Union (CEPU) are attempting to stifle mounting opposition to a pro-business restructure at Australia Post (AP), which threatens thousands of jobs and is already sharply increasing workloads. In recent weeks, Shane Murphy, the national president of the CEPUs communications division, has held meetings…
“We recommend opening up the restructuring practitioner role for small businesses beyond the domain held by registered liquidators. “It has gone so far as to recommend that the best people to help restructure a small business are likely to be senior accountants and even lawyers particularly in suburban and regional Australia who are closest to…
Mumbai, Oct 21 (PTI) Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various business and content verticals with a focus on revenue maximisation and entering newer territories. Major part of restructuring is…
Officials from the Communication Workers Union (CWU) and the Communications Electrical Plumbing Union (CEPU) are attempting to stifle mounting opposition to a pro-business restructure at Australia Post (AP), which threatens thousands of jobs and is already sharply increasing workloads. In recent weeks, Shane Murphy, the national president of the CEPUs communications division, has held meetings…
The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserves bond purchases revived the credit market and companies rushed to raise cash. Yet the pandemic also…