Posted on: January 12, 2021, 08:22h. Last updated on: January 12, 2021, 12:06h. Philip Conneller Read More The San Jose Sharks Evander Kane has filed for Chapter 7 bankruptcy, as documents in a California court this week shed light on his prodigious gambling habit. The NHL left-winger is $26.8 million in debt, according to the…
DetailsCiting the need for increased scale, Birmingham-based Amherst Consulting LLC has been sold to middle-market investment bank Capstone Headwaters out of Boston. Amherst Consulting is the restructuring advisory division of Amherst Partners, a Birmingham-based financial and M&A advisory firm. As part of the transaction that closed last Friday terms of which were not disclosed eight…
DetailsJanuary 12, 2021 We are pleased to present a comparative guide to restructuring procedures in the UK, US, DIFC, ADGM and UAE. The easy-to-use comparative guide is organised by key aspects of the restructuring processes and compares and contrasts the selected restructuring regimes in each jurisdiction so that the reader can easily identify the differences.…
DetailsCivil law after Brexit European Union (EU) law no longer apply to legal proceedings involving the United Kingdom (UK) since the current transition period came to an end on 31 December 2020. This will have an impact on proceedings in this jurisdiction where there is a UK component – for example, a UK resident who…
DetailsSydney-based real estate developer Dyldam is now fully under administration, with HLB Mann Judd and McGrathNicol seated at either side of the table. HLB Mann Judd is managing the voluntary administration process while McGrathNicol is protecting creditor interests. Setting the context: Dyldams financial struggles began in early 2019, as reported by the Australian Financial Review…
DetailsA Lancaster pensioner who hid thousands of pounds from a house sale after filing for bankruptcy has avoided jail. Harvey Tudor of Brookhouse, Lancaster, failed to inform the Official Receiver that he had sold a property in Kirkby Stephen, contradicting the laws around bankruptcy. 74-year-old Tudor had been declared legally bankrupt in 2014 but continued…
DetailsMillions of Californians could get one of the biggest transfers of money in this countrys history as lawmakers and the incoming president duel over competing plans to rid the nation of ten of billions of dollars in student debt. If President-elect Joe Biden follows through with his campaign promise to forgive $10,000 in federal student…
DetailsA marginal increase in corporate insolvencies was recorded in Ireland in 2020, according to the latest insolvency statistics published by Deloitte. The total number of corporate insolvencies recorded in Ireland in 2020 was 575, representing a marginal increase of just 1% from 2019, when the total number recorded was 568. Commenting on the figures, David…
DetailsXinja surprised shareholders and customers when it announced in mid-December it would close all bank accounts and terminate its banking license. The neobank had promised to shake-up the banking industry and blamed COVID-19 and a tough capital raising environment for the decision. However, The Age and Herald revealed the bank had pinned all hopes on…
DetailsDespite the pandemic putting pressure onthe Dutch economy, 2020 saw remarkably few Dutch businesses go bankrupt. A total of 2,703 companies were declared bankrupt last year, 16 percent less than in 2019 and the lowest number since 1991, Statistics Netherlands reported on Tuesday. The stats office attributed the low number of bankruptcies to the coronavirus…
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