(Bloomberg) — Sri Lankas first round of talks with dollar bondholders failed to yield an agreement, sending bonds lower, even as the South Asian country hopes to reach a deal in the next few weeks. Most Read from Bloomberg The nations 7.55% 2030 bond fell as much as 2.8 cents to 53.94 cents on the…
DetailsSan Francisco-headquartered law firm Rimon, which operates using a decentralised, distributed model, has brought on board Troy Doyle as partner and chair of its global restructuring group. Doyle, who is based in Singapore, joins from Gibson, Dunn & Crutcher, where he was co-head of the firms business restructuring and reorganisation practice. With over two decades…
DetailsFASHION RETAIL NEWS UK 16 April, 2024 | by Angela Beevers Superdry is launching a restructuring plan as it looks to ensure the survival of the struggling fashion business. This will include an equity raise, slashing rents on some of its stores and delisting from the London Stock Exchange. It follows Superdrys previous announcement that…
DetailsPresident Joe Biden once again is trying to deliver widespread student debt forgiveness, with a new plan unveiled on Monday that could help about 30 million borrowers erase some or all of their college loans. The latest attempt at broad debt relief comes less than a year after the Supreme Court blocked Biden’s previous attempt…
DetailsThis story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters Sign up for our free monthly newsletter Beyond High School to get the latest news about college and career paths for Colorados high school grads. President Joe Bidens first attempt to provide widespread relief from student loan debt failed, but now…
DetailsEducation Minister Jason Clare with Professor Mary OKane AC [Photo: X/@JasonClareMP] The Rank-and-File Committee at Sydneys Macquarie University hosted an online forum this week to discuss the far-reaching implications for all levels of education of the Australian Labor governments Universities Accord final report. The committee, established last year by supporters of the Socialist Equality Party,…
DetailsInternational bus and coach manufacturing giant Van Hool is hoping for a rapid restart after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…
DetailsAllen & Overy has hired its second partner from the London arm of Milbank so far this year, bolstering its restructuring practice with the addition of partner Karen McMaster. Recognised as a leading individual in The Legal 500, McMaster leaves Milbank after six years at the US firm. Her experience includes advising on debt restructuring and…
DetailsIt provides an opportunity for a business to continue trading, while giving the company breathing space and address outstanding debt in a more orderly manner, he said. VAs can be an excellent business rescue solution. It takes the pressure off the directors and gives the business the best chance of survival. Additionally, Howell highlighted an…
DetailsBy Maria Chiorando For Mailonline Published: 02:14 AEST, 16 April 2024 | Updated: 02:31 AEST, 16 April 2024 Karen Millen OBE has revealed that she misses the cleaner she used to have before going bankrupt. The designer, 62, who lives in Kent, made the comments in an interview wi… Read the full article at: https://www.dailymail.co.uk/femail/article-13310725/Karen-Millen-reveals-misses-cleaner-going-bankrupt.html
Details