FLORIANPOLIS, Brazil, Sept. 05, 2023 (GLOBE NEWSWIRE) — Vitru Limited (Nasdaq: VTRU) (Vitru) today announced that on September 4, 2023, its board of directors has approved a corporate restructuring proposal, subject to the approval of its shareholders. If approved, the proposal would merge Vitru into its wholly-owned subsidiary, Vitru Brasil Empreendimentos, Participaes e Comrcio S.A.,…
DetailsThe crisis in local authorities was laid bare on Tuesday as Birmingham city council in effect declared itself bankrupt, with experts warning that others across the UK were now living hand to mouth. The councils head of finance took the dramatic decision on Tuesday to issue a section 114 notice, indicating that it did not…
DetailsBy Sophie Madden & Rebecca Woods BBC West Midlands reporters The leader of Birmingham City Council insisted vital services would be protected as the authority declared itself effectively bankrupt. The largest local authority in Europe is to halt all spending other than services it must provide by law such as social care, waste collections and…
Details….. nsolvency professional entities under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder. Regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) read with Circular no. IBBI/CIRP/023/2019 dated 14th August 2019 , Circular no. IBBI/CIRP/41/2021 dated 18th March 2021 and Circular no. IBBI/CIRP/42/2021 dated 20th July,…
DetailsLocal government bodies on Tuesday warned that more councils across the UK could declare themselves in financial dire straits, after the country’s second biggest city said it could not balance its books. Birmingham City Council in central England said it had issued a Section 114 Notice under the Local Government Finance Act 1988, effectively declaring…
DetailsWHP Global is digging deeper into the denim space. The brand management firm on Tuesday said it will acquire a majority interest in the G-Star Raw brand. As is customary with brand management firms, the transaction will see WHP grow the label both globally and through new product categories. The transaction follows the successful transition…
DetailsHARRISBURG Many Americans will resume making student loan payments in October, so Attorney General Michelle Henry is offering tips for borrowers to protect themselves from scams when making those payments. Scammers are always looking for new opportunities to catch consumers by surprise, so be wary of potential solicitation calls offering loan discharge, forgiveness, cancellation, or…
DetailsHolland Norway Lines was declared bankrupt this morning, just under eighteen months after the start of its ferry service. Things moved quickly after the company asked for payments to be suspended last Wednesday 30 August. An administrator was appointed the same day as required under Dutch law. The charter for Holland Norways only ferry, ROMANTIKA,…
DetailsThe court in Groningen declared Holland Norway Lines BV (HNL) bankrupt. The bankruptcy was requested in consultation with trustee Hans Silvius and the management of HNL. Hans Silvius has been appointed as the curator. The reason for proceeding with the bankruptcy application is that no potential candidate has come forward for the takeover of Holland…
DetailsA Deep Dive into Insolvency and Restructuring with Claire Middlebrook of Middlebrooks Insolvency Practitioners Claire Middlebrook stands out in the ever-evolving world of insolvency and restructuring with her hands-on experience and unique perspective. Having kick-started her career with Arthur Anderson and eventually launching Middlebrooks, her trajectory speaks volumes about her expertise in the sector. As…
Details