18.02.2016 After a first review the insolvency administrator of German Pellets GmbH has come to the conclusion that no significant financial means are currently on hand with the aid of which the resumption of parts of the previous business operations could be financed. The stocks of finished goods, whose sale could generate liquidity, are…
DetailsThe closure will result in $363 million in one-time impairment and restructuring charges that will be reflected in SunEdison’s fourth-quarter results, and about $10 million to $13 million in restructuring charges expected to be reported in fiscal 2016. SunEdison said it also will halt high-volume production of silicon crystal ingot at its Portland, Oregon, facility.…
DetailsJonathan Levines experience representing bondholders and indenture trustees further enhances the groups practice New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine…
DetailsNew York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine comes to the firm from Andrews Kurth, where he represented ad hoc…
DetailsTwo former directors of a holiday tour operator have been disqualified from acting as company directors for a combined 14 years after failing to ensure that £207,055 raised under commercial participation agreements was paid to five charities. Simon Smith, 43, and Nicholas Capsey, 40, were both directors at Global Enduro Ltd, a travel company that…
DetailsIn a chat with ET Now, Vinod Ramnani, Opto Circuits CMD, talked about the company’s Q3 performance. He said that the company has done lot of restructuring in the management. He expects that restructuring will help in improving their business. ET Now: What has caused the weakness in your top line growth? Vinod Ramnani: Top…
DetailsUnpaid gambling loans may deal Genting Singapore Plc its steepest profit decline since 2009, tumbling 72 percent to S$143 million ($102 million) in 2015 and missing consensus estimates by about half due to debt provisions, according to Deutsche Bank AG analyst Jeffrey Ng. Singapore doesnt allow so-called junket operators to lend money to high-stakes VIP…
DetailsHundreds of small business owners have been left without access to their websites after the collapse of a Queensland website development company. Graphics Online, which is based on the Gold Coast, appointed liquidators from Worrells Solvency & Forensic Accountants earlier this month. The business has ceased trading but liquidators have since written to its former…
DetailsThere may be hope for Kanye West yet! As we previously reported, Yeezus revealed that he was $53 million in debt after he asked Facebook founder Mark Zuckerberg and Google cofounder Larry Page to bail him out. However, he’s since clarified that though he’s still technically wealthy he doesn’t have the funds for everything he’d…
DetailsThe ridiculousness surrounding Kanye West’s “personal debt” somehow keeps getting even more ridiculous. For those who haven’t heard, West declared via Twitter that he is $53 million in debt and even wants help from Facebook’s Mark Zuckerberg. Now, a group of Yeezy’s biggest supporters are lending a helping hand. Are you ready for this? There…
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