SAN DIEGO and GAINESVILLE, Ga., Sept. 20, 2023 (GLOBE NEWSWIRE) — Societal CDMO, Inc. (Societal CDMO; NASDAQ: SCTL), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges primarily in small molecule therapeutic development, today announced a strategic restructuring plan to streamline and optimize operations. Following the completion of a…
DetailsSummary What You Wish For is a noir-inspired culinary thriller starring Nick Stahl as a down-on-his-luck chef who gets caught up in a dangerous game. The film follows Ryan as he assumes the identity of his successful culinary school friend, Jack, to settle a large gambling debt. What You Wish For premieres at Austin’s Fantastic…
DetailsMumbai: The National Company Law Appellate Tribunal (NCLAT) on Wednesday upheld an insolvency tribunal order that had rejected Independent Sugar Corp. Ltds (INSCO) plea against a rival bidder in the resolution process of India’s oldest glass manufacturer Hindustan National Glass. The Kolkata bench of the NCLT will now consider bidder AGI Greenpacs resolution plan for…
DetailsSponsored Content Katrina Edge and Bruce MacNeil, of Ogier (Jersey) LLP, explain how global events and economic pressures are forcing many companies to seek advice on debt and corporate restructuring REPORTS in June of a 40% year-onyear increase in corporate insolvencies in England and Wales demonstrate the combined impact of government Covid-19 support being withdrawn,…
DetailsLONDON (Reuters) -British minister Michael Gove said on Tuesday the government had been forced to intervene in the day-to-day running of England’s second-largest city, Birmingham, which earlier this month effectively declared bankruptcy. Gove said he would appoint commissioners to take over the running of Birmingham City Council – the largest local authority in Europe –…
DetailsAbout 100 staff have been left without jobs with the collapse of an Adelaide construction company the third South Australian builder to fall into liquidation in a matter of months. Key points: Commercial construction firm Wake Concepts has been placed into liquidation About 100 employees have been given notice of termination It’s the third South Australian…
DetailsUK Government records indicate that UK synth manufacturer Modal Electronics has gone into administration. Records on Companies House show that the last time Modal filed accounts was in 2021, and that it was declared insolvent and went into administration on 8 September 2023. From its budget Craft and Skulpt synths through to the high end…
DetailsIn a momentous legal judgment, the National Company Law Appellate Tribunal (NCLAT), Delhi has delivered its decision regarding the contentious insolvency case concerning Hindustan National Glass. The NCLAT has upholded the entire insolvency resolution process meticulously followed by the Resolution Professional and endorsed by the Committee of Creditors (COC). This landmark ruling follows a series…
DetailsThe Parliamentary Joint Committee on Corporations and Financial Services released its Report into Corporate Insolvency in Australia, the first major review of Australia’s corporate insolvency regime since the Harmer Report in 1988. The Report made 28 recommendations in total which can be divided into recommendations that support a comprehensive and independent review encompassing both corporate…
DetailsInvestors increasingly look for financial stability and an all-encompassing business ecosystem that will stand firm in the face of headwinds. (Photo by RadioDave via Shutterstock) The UAEs ecosystem for restructuring and insolvency has evolved significantly in less than a decade, developing its own playbook of international best practices, adopting learnings from the most impactful approaches,…
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