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Financial markets regulator cancels Fund Managers Otago's licence

John Kirk-Anderson/Stuff Dunedin was the home of Otago Fund Managers, which was removed as manager of three investment schemes in November. James Greig, FMA Director of Supervision, said Fund Managers Otago was no longer capable of being a fund manager. “Cancelling a licence is one of the strongest regulatory actions we can take, and it’s not a decision we take lightly,” he said. “It effectively stops a business from operating in the retail investment sector.” The FMA found Fund M...
South Island New Zealand General New Zealand James Greig Nz Mortgage Income Financial Markets Authority

Regulation of insolvent firms' shares still remains a dilemma

Regulation of insolvent firms shares still remains a dilemma ​ By IANS | ​ 4 Views   Sensex, Nifty hit new highs, oil & gas stocks rise (Credit: bsebti.com). Image Source: IANS News New Delhi, April 17 : As Indias Insolvency and Bankruptcy Code (IBC) evolves at a fast pace, a hard nut to crack for the market regulator has come up with regulations in terms of trading in the shares of companies going through resolution under IBC. Several concerns have been raised in terms of trading in the...
New Delhi Ashish Chhawchharia Thornton Bharat Manoj Kumar Jaypee Infratech Jet Airways

What Could the Biden Order Mean for the Permian and State Waters?

Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Shortly after taking office, President Biden signed an executive order directing the U.S. Department of the Interior to pause issuing new leases for oil and gas development on federal land...
United States New Mexico Eagle Ford Mike Sommers Erik Milito Don Naatz

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Citrin Cooperman Expands Advisory Service Line Offerings

Citrin Cooperman Expands Advisory Service Line Offerings Citrin Cooperman Expands Advisory Service Line Offerings with additions in the Bankruptcy and Restructuring Services and Business Process Outsourcing Practices News provided by Share this article Share this article NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Citrin Cooperman is pleased to announce the expansion of our advisory service line to include two new principals, and an internal promotion to partner. In order to support this rapidly gr...
United States Citrin Cooperman Joe Cashel Joel Cooperman Constance Wright Prnewswire Citrin Cooperman

Teneo Extends Global Presence with Acquisition of Deloitte's UK Restructuring Services Business

Teneo Extends Global Presence with Acquisition of Deloittes UK Restructuring Services Business Teneo to launch full-service restructuring business in latest expansion of consulting capabilities Acquisition lifts Teneos headcount to more than 1,100 employees around the world News provided by Share this article Share this article NEW YORK and LONDON, Feb. 16, 2021 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced a major expansion of its international consulting capabilities w...
United States United Kingdom City Of Declan Kelly Ian Wormleighton Richard Houston

Noble Holding Corporation plc Successfully Completes Balance Sheet Restructuring And Emerges From Chapter 11

Noble Holding Corporation plc Successfully Completes Balance Sheet Restructuring And Emerges From Chapter 11 Noble Holding Corporation plc (“Noble UK”) announced today that on February 5, 2021 it successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 with a new parent company organized under the laws of the Cayman Islands named Noble Corporation (“Noble” or “the Company”). As a result of the financial restructuring, Noble will have ...
United Kingdom Cayman Islands Patrickj Bartels Jr Annd Pickard Alanj Hirshberg Melaniem Trent

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