11 September 2020 GENERAL TEXT AMENDEMENT The following amendment has been made to the ‘Proposed Conditional Debt Restructuring Agreement’ released on 8 September 2020 at 0715 under RNS No 3250Y. “Although I’m disappointed that the final outcome is not in line with the general terms discussed with the Lenders prior to the purchase of the…
DetailsHow soon and how far can businesses go in their re-making to deal with the pandemic and its outsized influence on their operations? Image Credit: Gulf News Archive The Gulf enjoyed a sustained level of development and growth over the last 15 years. This development has been a result of significant amounts of sovereign and…
DetailsFixed income investors have long held a reputation in markets as the smart money. With a focus on stability, income, and capital protection, and a propensity for complicated formulas and spreadsheets, fixed income investors often have a better idea of whats happening in markets than just about anyone else. So, when Jay Sivapalan, one of…
DetailsWhen Timor-Leste (formerly known as East Timor) finally gained independence and peace in 2002 it had paid a heavy price of huge casualties and destruction, and they needed help. Key points: A Bega Valley advocacy group has supported Timor-Leste since 2004 after the country gained independence The NGO fostered people-to-people relationships and assisted a sub-region…
DetailsHamish McNeilly/Stuff An injured person is taken off a rescue helicopter at Dunedin Hospital. A tour bus company involved in a crash that caused a girl to lose both her hands and a woman to lose her arm has gone into liquidation, owing more than $1 million. Awing Travel NZ, a Christchurch-based company that provided…
DetailsDaily News View All News September 10, 2020 Professional staffing provider Resources Connection Inc. (NASDAQ: RECN), which operates as Resources Global Professionals, announced that its board on Sept. 2 approved the continuation of the companys restructuring efforts, focusing presently on its European business. Similar to the restructuring initiatives in the companys North America and Asia…
DetailsA sign marks the location of the Quapaw House Mountain Pine Road facility on Wednesday. – Photo by Richard Rasmussen of The Sentinel-Record Garland County Circuit Judge Lynn Williams last week found Quapaw House Inc. insolvent and appointed a receiver to take charge of its property, according to court filings. “From the pleadings before it,…
DetailsTroels Tuxen of law firm Bech-Bruun continues as trustee of a series of the Stadil family’s bankrupt estates. The Eastern High Court in Denmark has upheld a decision which declared the original trustee disqualified to act in the case. Photo: Jens Dresling/Ritzau Scanpix Log in to read our articles Welcome to ShippingWatch. A part of…
DetailsBy Janene Pieters on Thursday, 10 September 2020 – 12:25 The number of companies declared bankrupt in the Netherlands decreased further in August to the lowest number in 21 years, Statistics Netherlands reported on Thursday. This likely has to do with the government’s coronavirus support packages, rescuing companies that may have gone bankrupt even if…
DetailsIntroduction Bankruptcy through debt enforcement Bankruptcy by petition of the company More time to initiate restructurings and avoid bankruptcy due to COVID-19 Introduction Two main avenues exist for opening bankruptcy proceedings over a Swiss company: a creditor can initiate the procedure via debt enforcement; or the company can file a petition for bankruptcy with the…
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