Agreement in Principle on Financial Restructuring Plan Paris Stock Exchange:TCH – GlobeNewswire

Restructuring

June 22, 2020 10:31 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN 420 MILLION NEW FINANCING AND DELEVERAGING THROUGH 660 MILLION DEBT EQUITIZATION OPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDURE Paris (France), 22 June2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (the Company) announces today that it has reached an agreement…

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Countries Can’t Solely Rely on for Help on Debt Relief, Former PBOC Chief Says – Caixin Global

Debt Help

Former central bank chief Zhou Xiaochuan said Monday that indebted countries have to find their own solutions for their debt problems and cant rely solely on assistance from the G-20. The G-20s debt relief initiative can alleviate the difficulties that have been caused and aggravated by the coronavirus pandemic, but we also need to recognize…

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Disciplinary Committee cancels liquidator Amanda Young’s registration – Mirage News

Liquidation

The registration of Ms Amanda Young as a liquidator has been cancelled following a decision by a disciplinary committee that she was not a fit and proper person to be registered as a liquidator. The Committee concluded that Ms Young had improperly used her position, falsified books and misappropriated funds totalling $238,502.23 from four liquidations.…

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Women’s fashion brand Max planning to close 17 stores – Consultancy.com.au

Restructuring

New Zealand womens fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations. At present, 17 of the companys stores are lined up for closure, after having virtually no revenue during the Covid-19 lockdown. McGrath Nicol is a specialist advisory and restructuring firm that has built a…

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What does recent NCLAT ruling liquidation of a firm under IBC holds precedence mean? – The Indian Express

Liquidation

Written by Aashish Aryan | New Delhi | Published: June 21, 2020 12:39:14 am State-run BHEL, which was also a secured creditor for Surana Power, had won an arbitration award against Surana Power. The National Company Law Appellate Tribunal (NCLAT) has ruled that liquidation process of a company under the Insolvency and Bankruptcy Code (IBC)…

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