Seyfarth Launches Transactional Restructuring & Insolvency Practice and Adds to Servicing & Special Servicing … – Yahoo Finance

Restructuring

Jason DeJonker, partner at Seyfarth Shaw LLP (Photo: Business Wire) Scott Olson, partner at Seyfarth Shaw LLP (Photo: Business Wire) Richard White, partner at Seyfarth Shaw LLP (Photo: Business Wire) Corporate partners Jason DeJonker, Scott Olson and Richard White join in Chicago, San Francisco and Atlanta CHICAGO, January 24, 2024–(BUSINESS WIRE)–Seyfarth Shaw LLP continues the…

Details

Urgent need to address liquidity pressures in developing countries – World Bank

Debt Help

The worlds poorest countries face ballooning debt service payments, record high refinancing costs, limited access to markets, and severely reduced capital inflows. Without action, 2024 will see a further rise in debt vulnerability potentially leading to reversals in development outcomes.   In this context, the current global debt relief architecture has focused mostly on countries with…

Details

How to Ease Rising External Debt-Service Pressures in Low-Income Countries – International Monetary Fund

Debt Help

As 2024 starts, the good news is that there havent been any notable requests by a low-income country for comprehensive debt relief since Ghanas, more than a year ago. Despite this, vulnerabilities remain, with high debt servicing costs a growing challenge for low-income countries. Financing pressures due to relatively high interest payments and the pace…

Details

Sportradar Announces C-Suite Executive Changes, Business Restructure – Sportico

Restructuring

Sportradar Chief Finance Officer Gerard Griffin and Chief Strategy Officer Ulrich Harmuth are leaving the company, according to a Wednesday morning announcement, which also detailed a restructuring of its business. The sports data companys stock (Nasdaq: SRAD) was relatively flat when the market opened Wednesday. Griffin, who joined Sportradar less than a year ago, is…

Details

SAP shares hit all-time high after announcing job restructuring plans – Euronews

Restructuring

One of Europes biggest tech companies is restructuring 8,000 jobs in an effort to shift their focus to AI. ADVERTISEMENT SAP shares jumped more than 9% on Wednesday and hit record levels after the software giant announced restructuring plans affecting thousands of jobs, as the company prepares for generative AI to fundamentally change its business.…

Details

WIKA strikes $1.54 billion debt restructuring deal with 11 lenders – Companies – The Jakarta Post

Restructuring

ublicly listed state-owned construction firm PT Wijaya Karya (WIKA) secured a debt restructuring deal worth Rp 24.2 trillion (US$1.54 billion) with 11 financial institutions through a master restructuring agreement (MRA), the company said in a statement released on Wednesday. The agreement covered 87.1 percent of WIKAs restructured debt, the company said, and was a step…

Details

SAP shares surge on 8,000-job restructuring to build out AI – Yahoo Finance Australia

Restructuring

(Bloomberg) SAP SE shares jumped the most in more than three years after the German software company said its planning a restructuring that will affect about 8,000 jobs and increase its focus on artificial intelligence. The company projected that operating profit would rise to roughly 10 billion ($10.9 billion) next year as result. Most Read…

Details

Wayward Brewing & Local Drinks Collective Emerge From Administration – The Crafty Pint

Liquidation

Wayward Brewing and the Local Drinks Collective (LDC) distribution company they launched with Batch Brewing Co in 2022 have exited a period of voluntary administration with the existing owners still in charge. The news comes just over three weeks after they entered voluntary administration, looking to return the two operations to a cash flow positive state, describing…

Details