Thai Airways request for debt restructuring as part of bankruptcy proceedings was approved by a bankruptcy court on Monday. Earlier this year, the national airline was seeking a 58.1 billion baht ($1.81 billion) loan from the government to help it through the coronavirus crisis. Thai officials told the airline to come up with a restructuring…
By Andrie Kypridemo As if the haircut on deposits required for the bail-in of banks in March 2013, and the credit constraints that brought Cyprus businesses to their knees, werent enough, just 7 years after another black March dawned further financial constraints came from Covid-19 measures. Having reduced their operations to the very minimum or…
Fox News Media said that it was restructuring some of its divisions, with a reduction of its workforce by less than 3%. As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success, the network…
Fox News Media said that it was restructuring some of its divisions, with a reduction of its workforce by less than 3%. As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success, the network…
Summary Marshalls incurred restructuring costs of 17.6 million that included the closure of manufacturing facilities in Falkirk, Llan, and Livingston during the first half of 2020 Restructuring would help in improving efficiencies across verticals and also help in cost reduction by approximately 12 million in a given year Companys trading has gained momentum in July…
Norwegian billionaire John Fredriksen has given the clearest signal yet about the future direction of his shipping empire, as Dubai-based GP Global hits out at the sharks circling the companys assets as it continues to restructure TWO former fund managers have joined John Fredriksens private investment vehicle with a mandate to restructure and invest outside…
Advertisement: A bankruptcy court in Bangkok has given Thai Airways the green light to go ahead and restructure the airline. Akin to the Chapter 11 process in the United States, insolvency experts will attempt to steer the embattled airline out of its financial strife. But with US$11 billion in debt and having defaulted on loans…
Thailand‘s Central Bankruptcy Court granted (14-Sep-2020) Thai Airways‘ business restructuring petition and appointed the following planners as nominated by Thai: Chaiyapruk Didyasarin; Chakkrit Parapuntakul; Pirapan Salirathavibhaga; Boontuck Wungcharoen; Piyasvasti Amranand; Chansin Treenuchagron; EY Corporate Advisory Services. The planners will prepare the plan as soon as possible and it is expected that Thai will propose the…
Bangkok THAI Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday. The Central Bankruptcy Court decided that the airline can proceed with its business reorganisation plan, a crucial step forward for the embattled company, which has around 350 billion baht (S$15.3 billion) of debt, according to Chansin Treenuchagron,…
TORONTO & BROSSARD, Qubec–(BUSINESS WIRE)–Bitfarms Ltd. (Bitfarms, or the Company) (TSXV:BITF) is providing an update with respect to its previously issued press release dated August 20, 2020, in which it disclosed that it had reached an agreement with Dominion Capital LLC (Dominion) to amend certain terms and conditions of two of its US$5,000,000 loan tranches.…