Moelis & Company appointed to advise on capital restructuring of Finablr Group – Khaleej Times

Moelis & Company has advised a succession of leading international companies on corporate restructuring and transformation programmes in the UAE The acquisition will enable acquisitions to restart and secure the future of the group, which is a major provider of cross border financial services in the UAE The consortium of Prism Group AG and Abu…

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Resolution Professional cannot decide legality or illegality of Resolution Applicant’s status as willful defaulter: NCLAT – Bar & Bench – Indian Legal News

Published on :24 Jan, 2021 , 11:14 am Updated on :24 Jan, 2021 , 10:10 am The National Company Law Appellate Tribunal (NCLAT) has held that a Resolution Professional (RP) under the Insolvency & Bankruptcy Code cannot go into the issue of legality or illegality of a resolution applicant’s status as a willful defaulter when…

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Snapshot: compulsory liquidation – Newsletters – International Law Office

Introduction Petitioner Insolvency Just and equitable Consequences of presentation of a petition Grand Court’s discretion Introduction A Cayman Islands company may be wound up either voluntarily according to its articles of association or compulsorily by the Grand Court. This article provides an overview of the compulsory process. In certain circumstances, the Grand Court may recognise…

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Website offers free resources online to help with debt during pandemic – MyFoxZone.com KIDY

TexasDebtRelief.org is a website thats helping to ease some of those burdens by offering free resources online during the pandemic. HOUSTON Whether you’re behind on paying rent or cant afford to buy food, during the pandemic, so many families and businesses have been hit hard with financial hardship and are struggling to make ends meet.…

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Norway finally ready to help Norwegian airline avoid bankruptcy – ScandAsia.com

The Norwegian government wants to save Norwegian from bankruptcy. Photo: Henning Bagger Norwegian airlines has announced that the government of Norway is ready to help the airline financially under certain conditions. The government of Norway has agreed to help Norwegian by granting a so-called hybrid loan, which is a loan without an expiration date with…

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LG Electronics’ Corporate Value to Improve with Mobile Biz Restructuring – The Korea Bizwire

This image provided by LG Electronics Inc. on Jan. 11, 2021, shows LGs new smartphone with a rollable display that was introduced at the companys press conference for CES 2021. SEOUL, Jan. 23 (Korea Bizwire) LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the…

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