Video PlayerClose BERLIN, Jan. 19 (Xinhua) — The restructuring plans of Thyssen-Krupp Chief Executive Officer (CEO) Heinrich Hiesinger have prompted debate but also expressions of support from shareholders at the firm’s Annual General Meeting (AGM) on Friday. Several parties in attendance defended Hiesinger’s strategy at the investor conference in Bochum in response to harsh criticisms…
Gibbons has over 40 years of legal experience with a practice focus on insolvency related issues, including debtor representation, debtors-in-possession, creditors, lending institutions, hedge funds, trustees, receivers, creditors’ committees, non-profit entities and health care providers in all aspects of state and federal insolvency proceedings and out-of-court resolutions. “We are very excited to add to the…
Bay Harbor Island, FL, Jan. 19, 2018 (GLOBE NEWSWIRE) — Majestic Oil & Gas (MJOG OTC: Pink) today announced it is transitioning from a wholly owned oil and gas company to a holding group which will accommodate new acquisitions being completed. This restructuring initiative will accelerate its evolution from just an Oil company to a…
It has long been a prestigious New York shop without ever quite gaining critical mass in London, but Milbank Tweed Hadley & McCloy looks to be widening its ambitions after securing a four-partner restructuring team from Cadwalader Wickersham & Taft. The move greatly expands Milbanks City finance team, and includes Cadwaladers global financial restructuring…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge), announced today that the Company has added three new members to its Board of Managers (the Board) to direct the business and affairs of the Company and the Debtors chapter 11 restructuring efforts. This Board…
Department store retailer operator Myer said on Thursday it had appointed Nigel Chadwick as chief financial officer as part of a broader management restructuring in the face of stiff challenge from online retailers. Mr Chadwick will replace current CFO Grant Devonport, Myer said in a statement and highlighted Mr Chadwick’s work in sectors facing disruption.…
Royal Bank of Scotland signs are seen at a branch of the bank, in London Thomson Reuters LONDON (Reuters) – Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to “Just Hit Budget!”, a…
DETROIT, Jan. 17, 2018 /PRNewswire/ — Business restructuring attorney Ashley J. Jericho has joined the Detroit office of McDonald Hopkins LLC, a business advisory and advocacy law firm, as an Associate. Jericho has over nine years of insolvency experience, including representing consumer and business debtors, creditors and trustees in bankruptcy proceedings, contested matters and adversary proceedings.…
The group said it will reduce its five operating businesses to three core units, civil aerospace, defence and power systems, as part of a simplification of the business. At the same time, Rolls will begin a strategic review of its commercial marine operation, which supplies equipment and vessel design across oil and gas markets. The…
Peggy Hollinger, Industry Editor January 17, 2018 Rolls-Royce will consider selling its commercial marine business as chief executive Warren East launches the strategic phase of the blue-chip engineers two-year restructuring. Mr East said he was looking at the strategic options for the division as part of a wider shake-up that will reduce the number of…