July 10, 2023 Practices: Business Restructuring Global law firm Ropes & Gray announced today that Natasha S. Hwangpo, a restructuring partner who has guided notable restructurings has joined the firms 500-lawyer New York office. Natashas addition continues to enhance Ropes & Grays rapidly expanding restructuring and liability management practice. Natasha has an extensive track record…
DetailsMindaugas Damaesvicius was living at the property in Bradford when police raided it following a tip off that the house was being used to grow cannabis.Their intelligence suggested someone was being held against their will at the terraced house. Bradford Crown Court heard that Damaesvicius, who is from Lithuania, opened the door to officers as…
DetailsFuture Lifestyle Fashions Ltd (FLFL) has said that claims worth Rs 3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP). Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee…
DetailsEversheds Sutherland is pleased to announce that Rene Dailey has joined the US Finance Practice Group as partner. Ms. Dailey advises institutional investors in US, Australian and cross-border debt finance and financial restructuring matters. Her practice also includes advising insurance companies on their front-end investment structures, intercreditor arrangements and workouts. I am thrilled that Rene…
DetailsThe Non-Standard Finance group (NSF) has completed a financial restructuring, which involved the sanction of a scheme of arrangement to provide certainty as to the extent of its liability for historical redress liabilities and culminated in the transfer of its operating business to a newly-incorporated group owned by its secured lenders. The scheme of arrangement,…
DetailsNormal text sizeLarger text sizeVery large text size Victorians building homes will be slugged with even higher costs after builders were hit with a 43 per cent increase in insurance premiums to protect their customers from insolvency, adding hundreds of dollars to construction costs that the housing sector expects will be passed on. The Victorian…
DetailsLAS VEGAS — A trial for a Las Vegas police officer accused of stealing nearly $165,000 in a series of casino heists is set to begin Monday with prosecutors painting him as a gambling addict who grew increasingly desperate under a crush of debt. Prosecutors claim Caleb Rogers, 35, carried out three robberies over a…
DetailsGo First Airlines (formerly known as Go Airlines) of India has commenced the search for potential investors as part of its ongoing insolvency proceedings, as stated in a newspaper advertisement released on Monday. The airline has taken this step in compliance with the procedural requirements mandated by Indian law. According to two bankers familiar with…
DetailsThe Insolvency Service has today launched a new online information hub to support company directors. The hub hosts guidance and information on a rangeof business themes commonly faced by companies and aims to help company directors to push their business forward by being more aware of potential pitfalls. It is specifically designed for directors of…
DetailsFuture Lifestyle Fashions Ltd (FLFL) has said that claims worth Rs 3,477.28 crore from as many as 17 financial creditors have been admitted in the ongoing Corporate Insolvency Resolution Process (CIRP). Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee…
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