Last week I scored a trifecta, managing to upset people in three ways. First, for my supposed anti-immigration stance, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
DetailsRetailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line. Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the…
DetailsAustralia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…
DetailsAnne Marie Aaronson Dilworth Paxson Philadelphia Business Litigation, esp. Bankruptcy & Reorganization Derek Abbott Morris Nichols Wilmington Bankruptcy & Reorganization, esp. Litigation Jonathan Aberman Locke Lord Chicago Bankruptcy, Restructuring & Litigation Jacob A. Adlerstein Paul Weiss New York Bankruptcy & Corporate Restructuring David A. Agay McDonald Hopkins Chicago Business Restructuring Rachel Ehrlich Albanese DLA Piper…
DetailsWith businesses collapsing at levels not seen since 2012, Grant Thornton Australias John McInerney suggested that the small business restructuring scheme could be a more favourable option than a payment plan. He made the comments ahead of his session at the ACE24 Accounting Conference and Expo 2024, where he will unpack how accountants can help…
DetailsWhat is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…
DetailsA federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones ‘ personal assets and was still deciding on his company’s separate bankruptcy case. The decision could determine the future of his Infowars media platform, as Jones owes $US1.5 billion ($2.27 billion) for his false claims that the Sandy Hook Elementary School shooting…
DetailsBrett McGrath, President of the Law Society of NSW, has renewed calls for a debt relief scheme to incentivise lawyers to practice in rural, regional, and remote (RRR) areas. During a visit to Lismore, which experienced a significant exodus of lawyers following the devastating floods in 2022, McGrath highlighted the urgent need for legal services…
DetailsAnne Marie Aaronson Dilworth Paxson Philadelphia Business Litigation, esp. Bankruptcy & Reorganization Derek Abbott Morris Nichols Wilmington Bankruptcy & Reorganization, esp. Litigation Jonathan Aberman Locke Lord Chicago Bankruptcy, Restructuring & Litigation Jacob A. Adlerstein Paul Weiss New York Bankruptcy & Corporate Restructuring David A. Agay McDonald Hopkins Chicago Business Restructuring Rachel Ehrlich Albanese DLA Piper…
DetailsGermany’s Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 with the trend expected to continue. Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. How do the figures stack…
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