Tuesday, January 26, 2021 A comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company’s reorganization is possible without insolvency and includes the majority decision of its creditors. In its final session in 2020, the German Bundestag passed the so-called Act on the Further…
DetailsJanuary 26, 2021 14:49 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today announces that the timing of the previously announced interim distribution to its registered shareholders (the Interim…
DetailsA comprehensive change to German insolvency and restructuring law has become effective starting 1 January 2021. The change allows that a company’s reorganization is possible without insolvency and includes the majority decision of its creditors. In its final session in 2020, the German Bundestag passed the so-called Act on the Further Development of Restructuring and…
DetailsPhoto: Seth Wenig/AP/Shutterstock A Delaware bankruptcy judge has approved a settlement of more than $17 million for women who have accusedHarvey Weinsteinof sexual misconduct. Under this agreement, accusers would submit claims, and the amount they receive would depend on the type of allegation. Weve worked closely with many survivors of Harvey Weinstein who desired a…
DetailsDiamond Offshore Drilling, Inc. announced Monday that it has entered into a plan support agreement with holders of over 70 percent of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction. The deal will significantly deleverage the companys balance sheet and position the business for future growth, according…
DetailsOn 25 January 2021, a winding up order was made against Debenhams PLC (Company number: 05448421) and the court appointed the Official Receiver as liquidator. Debenhams PLC was formerly the holding company for the Debenhams retail group but at the date of liquidation it had no active operations or employees. The trading arms of the…
DetailsThe Delhi bench of the National Company Law Tribunal (NCLT) has initiated insolvency proceedings against a firm belonging to The Pioneer group, following a plea by one of its directors. The Pioneer group, owned by journalist Chandan Mitra, brings out one of the country’s oldest newspapers of the same name. Mitra declined comment when contacted.…
DetailsPublished on :26 Jan, 2021 , 7:47 am Updated on :26 Jan, 2021 , 7:02 am The Supreme Court has upheld an order passed by the National Company Law Appellate Tribunal (NCLAT) directing an Operational Creditor to pay the CIRP costs and fees after the dismissal of his insolvency plea. (Rajkumar Brothers And Production Pvt…
DetailsGlobal management consultancy FTI Consulting has installed Vincent Fok as the new Head of its Corporate Finance & Restructuring segment in Asia. Vincent Fok brings more than two decades of experience in corporate recovery, corporate restructuring and transaction advisory to the role. He succeeds John Batchelor, who led the division for the past five years…
DetailsA US bankruptcy court judge has approved the Weinstein Cos liquidation plan, which sets aside $17m for women who accused co-founder Harvey Weinstein of sexual misconduct. Judge Mary Walrath, presiding over a remote hearing from Wilmington, Delaware, overruled an objection from a handful of women who have been looking to pursue appeals of their claims…
Details