Page 167 - Restructuring News Today

Kenya Power makes U-turn on cutting jobs Friday May 21 2021 By BRIAN NGUGI Kenya Power #ticker:KPLC has made a U-turn on plans to lay off an unspecified number of employees from its 10,481 workforce in a bid to cut costs as part of a fresh plan to return to profitability. Managing director Bernard Ngugi said in a statement to staff on Friday that the electricity distributor would not send them home as it had earlier indicated in tender documents. “I would like to assure you that the company...

Andersen Global Broadens Coverage in Liechtenstein and Switzerland Thursday, May 20, 2021 2:37PM IST (9:07AM GMT)   San Francisco, United States:   Andersen Global adds legal capabilities in Liechtenstein and Switzerland through a Collaboration Agreement with NSF, strengthening the organization’s platform as it continues its expansion in the region.   With offices in Vaduz and Zurich, NSF operates with five Partners and 40 profess...

Banks have experienced a significant bad debt formation while implementing strict provisioning to control non-performing loans amid pandemic struggles – however, debt restructuring portfolios will slightly increase in 2021 as related conditions are expanded.

3 Min Read DUBAI (Reuters) - A group of creditors plans to oppose the terms of an offer by Dubai-listed Emirates REIT to exchange $400 million in Islamic bonds for new instruments, four sources told Reuters. Slideshow ( 2 images ) Emirates REIT on Tuesday offered to exchange unsecured sukuk for secured ones as part of a revamp aimed at bolstering the sharia-compliant real estate investment trust’s balance sheet, which has been hit by the coronavirus crisis. The plan envisages extending the bo...

Philippine Airlines Inc. is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the U.S. to carry out a restructuring, according to people familiar with the plan.

Group of major creditor nations willing to delay US$2.4-billion debt payment from Argentina due this month if the Fernández administration agrees to certain conditions.

Promoted by Olvera Capital As the fallout from the COVID-19 pandemic continues, many SMEs across the country are likely to consider formal restructuring or voluntary administration in the period ahea

Atlas Mara Limited's Update on Strategic Review and Restructuring Discussions Key Highlights: Atlas Mara announces progress in strategic review with regulatory approval of two previously announced

Photo Credit: IANS IANSLive Mumbai, May 5 (IANS) The key Indian equity indices traded on a positive note on Wednesday as the RBI Governor announced few measures to counter the impact of the second wave of Covid on the economy and businesses. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow...

Photo Credit: IANS IANSLive Mumbai, May 5 (IANS) The key Indian equity indices traded on a positive note on Wednesday as the RBI Governor announced few measures to counter the impact of the second wave of Covid on the economy and businesses. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow...