Michael Pooler and Peggy Hollinger in London February 1, 2018 Melrose Industries sought to win over GKN shareholders to its £7bn hostile bid for the FTSE 100 company by portraying itself as a long-term investor even as it took the axe to its own Brush engineering business by closing factories, cutting jobs and taking a…
DetailsCHICAGO, Jan. 31, 2018 /PRNewswire/ — Business restructuring attorney Shara C. Cornell has joined McDonald Hopkins LLC, a business advisory and advocacy law firm, in the firm’s Chicago office as an associate. Cornell has 6 years of experience representing secured and unsecured creditors in restructuring and bankruptcy proceedings, including large chapter 11 bankruptcies. Her previous…
DetailsThe Jersey arm of the UK’s second-largest construction company is being plunged into liquidation after buckling under a £200 million debt pile. The English domiciled Carillion PLC went into liquidation in 15 January 2018. Jersey law firm Carey Olsen have been appointed as the liquidators. They appeared in the Royal Court on Friday 26 January.…
DetailsBy Davide Barbuscia and Stanley Carvalho DUBAI (Reuters) – Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015…
DetailsMan who profited from preying on men suffering erectile dysfunction bankrupt Javoc ‘Dr Droop’ Vaisman told men their penises would shrink without treatment He now owes more than $3.6million in legal costs after he was taken to court It was found his failed medical institute took advantage of ‘vulnerable’ patients By April Glover For Daily Mail…
DetailsCornell has 6 years of experience representing secured and unsecured creditors in restructuring and bankruptcy proceedings, including large chapter 11 bankruptcies. Her previous experience includes serving as staff law clerk and law clerk to the Honorable LaShonda A. Hunt and Chief Judge Bruce W. Black (ret.) in the United Stated Bankruptcy Court in the Northern…
DetailsImage: Shutterstock The nervousness amongst the taxpayers from the Budget 2018 must have belied by now, but at the same time many hopes and expectations remain unfulfilled. But isnt that the case with all the post Budget euphoria. Or is it a case of unreasonable expectations? Two such cases are that of companies undergoing…
DetailsAccountancy Head of industrys watchdog says competition authorities should examine the sector MPs on the work and pensions select committee were told auditors and Carillion were all mates. Photograph: Daniel Sorabji/AFP/Getty Images Britains four biggest accountancy companies are facing fresh scrutiny, with the head of the industry watchdog calling for the competition regulator to investigate…
DetailsImage copyright PA After losing more than £30,000 from gambling, a Cardiff man said he became a “zombie” and cut himself off from family and friends. Dave took out payday loans and lost his job because of the addiction. In his second annual report, Gambling with our Health, chief medical officer Dr Frank Atherton said…
DetailsSYDNEY–(BUSINESS WIRE)–Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Jim McKnight has joined the firm as a Managing Director. He is based in Sydney and will lead the firms Financial Restructuring efforts in Australia. Mr. McKnight joins from Fort Street Advisers, where he was a Principal and Head of Restructuring since 2013.…
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