Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a U… Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a USD 7.1 billion financial restructuring following a Chapter 11 bankruptcy filing in August last year. Slaughters and Kirkland & Ellis…
Details“We know that people in this situation may find it harder to engage with debt advice and are being chased for their debts when they are least likely to be able to deal with it.” The Money and Pensions Service (MaPS) has launched a new pilot to help people in mental health crisis avoid worsening…
DetailsConstruction firm Ahluwalia Contracts has entered into a settlement agreement and resolved the payment issues with its operational creditor, A2 Interiors Products Pvt Ltd, and is filing an application to withdraw the insolvency proceedings. On May 5, the Delhi-based bench of the National Company Law Tribunal (NCLT) had allowed the insolvency plea filed by A2…
DetailsA proposed ban on gamblers using credit cards for online betting has been opposed by you guessed it companies profiting from gamblers going into debt. Senator Stirling Griff (Image: AAP/Lukas Coch) Australias gambling peak body is standing alone in opposition to a proposed law that would stop Australian betting companies from accepting credit cards for…
DetailsOur memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and…
DetailsFirms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021. ASIC (Australian Securities and Investments Commission) hasreleased an information sheet for providers of debt management services, explaining their new regulatory obligations, including the requirement to be licensed. The release follows the…
DetailsA Lower Hutt company that makes prefab classrooms is in voluntary administration but the Education Ministry says it is working with it. The Ministry of Education says it is working with AdBuild and its administrators to ensure projects continue with as little disruption as possible (file picture). Photo: Ministry of Education AdBuild’s creditors appointed administrators…
DetailsMUMBAI: Ltd today reported a firm set of earnings for the quarter ended March even though the companys standalone bottomline missed Streets estimates by some distance. The steelmaker reported a near 50 per cent jump in revenues in the standalone business on a year-on-year basis, while the consolidated business saw sales rise 39 per cent.…
DetailsBy Reuters Staff 2 Min Read ATHENS (Reuters) – Spains Prime Minister Pedro Sanchez on Sunday renewed his call for debt mutualisation, saying it will help Europe better compete with other countries around the world. Slideshow ( 2 images ) In an interview with Greek To Vima newspaper published on Sunday, Sanchez said that an…
DetailsA NEW breathing space scheme for people drowning in problem debt has come not a moment too soon, according to an insolvency trade body for Dorset. R3 Insolvency has welcomed the introduction of a 60-day grace period to allow people to get their finances back on track without receiving worrying letters or facing enforcement action.…
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