Insolvency risk management should be core to business operations because default rates will rise steeply as mortgage holders come off fixed-rate loans, according to the latest CreditorWatch data. It said external administrations have returned to pre-pandemic rates and defaults will hit 5.8 per cent this financial year so businesses need to actively minimise risk exposure.…
– Expected overall cash savings of $75 million through 2025– New executive management team in place SAN DIEGO, July 24, 2023 /PRNewswire/ — Heron Therapeutics, Inc. (Nasdaq: HRTX), a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutic innovations that improve medical care, today announced a cost reduction plan and…
VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (the Company) (NASDAQ: AGRI; AGRIW), an agtech company focused on advancing sustainable cultivation and plant-based products, today provided a business update following the recent restructuring of management. Richard Wong, interim CEO of AgriFORCE, stated, We remain committed to pursuing business opportunities that…
Agriforce Growing Systems Ltd. VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (the Company) (NASDAQ: AGRI; AGRIW), an agtech company focused on advancing sustainable cultivation and plant-based products, today provided a business update following the recent restructuring of management. Richard Wong, interim CEO of AgriFORCE, stated, We remain committed to…
Last weeks interim report by the Labor governments Universities Accord review was politically packaged, and presented by the media, as a call for greater student participation and equity. But its central thrust is a fundamental restructuring of universities to satisfy the requirements of the corporate elite and preparations for war. Jason Clare, Australian Labor government’s…
So what happens if creditors do not accept the plan? The directors can then consider options that include Voluntary Administration or the simplified liquidation process. Of course, there are safeguards designed to protect creditors from abuse of the process including: Where the liquidator forms the view the company or a director has engaged in fraud…
As interest rates have risen and credit markets have tightened, many public companies formed via the de-SPAC process are trading far below their initial price. By some estimates, close to 100 of these companies lack sufficient liquidity to fund their current level of spending over the next year. To date, at least a dozen of…
Company veteran to depart The restructuring also means the departure of Chris de Bruin (pictured above right), the current chief executive for consumer and business banking, who will be leaving the Group to pursue new opportunities. Read next: Westpac hikes its fixed rates I want to thank Chris for his contribution to the bank, King…
Summary The English High Court1 exercised its discretion to sanction a restructuring plan proposed by Prezzo Investco Limited (the Company), the parent company of Prezzo Trading Limited which is the operator of an Italian casual dining chain. The plan was opposed by HMRC, which had both secondary preferential claims and unsecured claims. In sanctioning the…
Most of the companys bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets. Carvana, the troubled used-car retailer, on Wednesday announced that it had reached a debt restructuring agreement with most of its bondholders in an effort to lower…