Page 39 - Financial Restructuring News Today

To print this article, all you need is to be registered or login on Mondaq.com. COVID-19 continues to lead to changes and setbacks in numerous issues worldwide and in our country. Many measures have been taken to address these setbacks. Additionally, regulation amendments have been introduced. Measures have also been taken in order to protect taxpayers within the scope of the policies taken against the pandemic. Many regulations have been introduced to provide taxpayers ...

Successful Closing of the Financial Restructuring of Europcar Mobility Group1: the Group Opens a New Chapter in Its History, With Renewed Ambitions Significantly reduced corporate debt: from €2.010m to €910m New Governance, with Mr. Alexandre de Juniac as Chairman of the board of directors Regulatory News: Europcar Mobility Group 2 (Paris:EUCAR) announces today the finalization of its balance sheet restructuring, thanks to the successful completion of the final steps of the accelerated fina...

(2) Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Dr. Andreas Dombret has been appointed Independent Chairman of the firms activities in Germany, Austria, and Switzerland (DACH). Dr. Dombret was appointed as a Senior Advisor to the firm last year and will now devote more time to Houlihan Lokey in his expanded role. As Independent Chairman, he will provide senior leadership and strategic counsel to the heads of our Corporate Finance and Financial Restructuring busin...

Europcar Mobility Group: Successful C. Eur 50 Million Share Capital Increase With Shareholders Preferential Subscription Right Not to be published, distributed or circulated directly or indirectly in the United States, Australia or Japan. This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017. Regulatory News: Company") announces today the results of its capital increase with prefe...

GLYFADA, Greece, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) announced today the successful completion of the registered direct offering priced at-the-market (the “Offering”) announced on February 16, 2021 and the successful closing of the documentation for the $179 million financial restructuring previously announced on January 12, 2021. $75 million Registered Direct Offering The Compan...

The CycleBar fitness franchise has taken over the former Flywheel space at Edward J. Minskoff’s 51 Astor Place. A team from Stroock advised Edward J. Minskoff Equities (EJME) on the retail lease while simultaneously representing the landlord in the bankruptcy proceedings of the previous tenant, Flywheel, to expedite the termination of Flywheel’s lease. The Stroock team was led by national Real Estate Group partner Trevor Adler and included Financial Restructuring special counsel Sherry Mil...

Bellatrix Exploration Ltd. (Bellatrix) obtained protection under the Companies Creditors Arrangement Act (Canada) (CCAA). At the time of the CCAA filing, Bellatrix was party to certain contracts with an energy producer (EP) for the purchase and sale of natural gas (Contract). Bellatrix sought to disclaim the Contract and cease delivery of natural gas to the EP. The EP argued that the disclaimer notice provided by Bellatrix was invalid because the Contract constituted an eligible financial con...

Highlights Professional services firm, KPMG in Bahrain, is gearing up to host an online awareness webinar to highlight the impact of the Covid-19 pandemic on the profitability of family businesses and discuss the potential benefits Financial Restructuring Professional services firm, KPMG in Bahrain, is gearing up to host an online awareness webinar to highlight the impact of the Covid-19 pandemic on the profitability of family businesses and discuss the potential benefits Financial Restructurin...

To print this article, all you need is to be registered or login on Mondaq.com. With an increasing number of businesses across all sectors facing significant ongoing loss arising out of measures imposed in connection with COVID-19, insolvency will unfortunately be inevitable for some.  Directors of insolvent companies are advised to take immediate steps to review any prospect of survival, and accordingly, consider the process of Examinership in this jurisdiction. Examin...

Financially distressed businesses access a single process to restructure their debts, while owners can remain in control.