Insolvency

Prominent Mergers and Acquisition, Securities Attorney Richard Lieberman Joins Kutak Rock

Retrieved on: 
Monday, August 14, 2023

SCOTTSDALE, Ariz., Aug. 14, 2023 /PRNewswire/ -- Kutak Rock is pleased to announce that Richard Lieberman (Rick), a business transactions attorney with more than 38 years of experience, has joined its business, securities and corporate practice group in the firm's Scottsdale office.

Key Points: 
  • SCOTTSDALE, Ariz., Aug. 14, 2023 /PRNewswire/ -- Kutak Rock is pleased to announce that Richard Lieberman (Rick), a business transactions attorney with more than 38 years of experience, has joined its business, securities and corporate practice group in the firm's Scottsdale office.
  • "Rick's experience provides him with a unique perspective that will be of enormous value to our regional and national clients."
  • Rick has diverse experience in a broad range of business law issues including mergers and acquisitions, securities, corporate governance, and finance.
  • I am delighted to join Kutak Rock and look forward to fostering future collaboration with my new colleagues."

FTI Consulting Strengthens Restructuring Capabilities with Addition of Two Senior Hires and Dedicated Practice in Manchester

Retrieved on: 
Monday, July 24, 2023

“We are delighted to welcome Oli and Lindsay to the firm,” said Matt Callaghan , a Senior Managing Director and Head of the UK mid-market restructuring and insolvency offering at FTI Consulting.

Key Points: 
  • “We are delighted to welcome Oli and Lindsay to the firm,” said Matt Callaghan , a Senior Managing Director and Head of the UK mid-market restructuring and insolvency offering at FTI Consulting.
  • Prior to joining FTI Consulting, Mr. Wright was at PwC, where he established a reputation for advising lenders and corporates in the Manchester restructuring market.
  • Prior to joining FTI Consulting, Ms. Hallam was at PwC where she led the Restructuring and Insolvency team in the South of England.
  • FTI Consulting is preeminent in advising clients on complex restructuring mandates, which makes the firm the ideal platform for me to continue the restructuring work that I do for clients.”

Carillion ex-director gets banned for 11 years – here's what it means for people whose companies get wrecked

Retrieved on: 
Monday, July 3, 2023

Zafar Khan, the former finance director of collapsed mega-contractor Carillion, has been banned from being a company director for 11 years.

Key Points: 
  • Zafar Khan, the former finance director of collapsed mega-contractor Carillion, has been banned from being a company director for 11 years.
  • Khan, 54, is a former Ernst & Young accountant who joined Carillion’s senior finance team in 2011.
  • Carillion then collapsed in 2018, putting thousands of staff out of work and leaving debts of around £7 billion, including a pension deficit in excess of £1 billion.
  • The fact that only Khan’s disqualification has been announced suggests that he may have reached an agreement with the IS, perhaps in exchange for a lighter punishment.

Integra Asset Solutions Expands Revenue Growth Strategy with Addition of Linda Budz, Esquire, as Vice President of Business Development

Retrieved on: 
Wednesday, June 28, 2023

As a seasoned business development professional, Budz brings extensive expertise in the commercial finance industry.

Key Points: 
  • As a seasoned business development professional, Budz brings extensive expertise in the commercial finance industry.
  • She has successfully sourced opportunities through various channels, including bankruptcies, receiverships, replevin actions, and plant closures, positioning Integra Asset Solutions for continued success in an ever-evolving marketplace.
  • Prior to joining Integra, Budz held prominent positions, including Director of Business Development at Hilco Commercial Industrial and Business Development Officer at Big Shoulders Capital/PPL Group LLC.
  • Commenting on the appointment, John Magnuson , President and Managing Director at Integra Asset Solutions, said, "Integra is thrilled to welcome Linda as our VP of Business Development.

JUSTICE KANNAN RAMESH IS FIRST ASIAN AND JUDGE TO BE APPOINTED AS PRESIDENT OF INTERNATIONAL INSOLVENCY INSTITUTE

Retrieved on: 
Monday, June 26, 2023

SINGAPORE, June 25, 2023 /PRNewswire/ -- The Supreme Court of Singapore announced that Justice Kannan Ramesh, Judge of the Appellate Division, has been appointed as the seventh President of the International Insolvency Institute (III).

Key Points: 
  • SINGAPORE, June 25, 2023 /PRNewswire/ -- The Supreme Court of Singapore announced that Justice Kannan Ramesh, Judge of the Appellate Division, has been appointed as the seventh President of the International Insolvency Institute (III).
  • Justice Ramesh is the first Asian and the first Judge to be appointed to the top post in the III.
  • Justice Ramesh's appointment as the President of the III will significantly add to Singapore's status as a restructuring and insolvency centre.
  • The III, with its exceptional membership, international leadership and resources, plays a valuable and highly significant role in the international insolvency field.

JUSTICE KANNAN RAMESH IS FIRST ASIAN AND JUDGE TO BE APPOINTED AS PRESIDENT OF INTERNATIONAL INSOLVENCY INSTITUTE

Retrieved on: 
Monday, June 26, 2023

SINGAPORE, June 26, 2023 /PRNewswire/ -- The Supreme Court of Singapore announced that Justice Kannan Ramesh, Judge of the Appellate Division, has been appointed as the seventh President of the International Insolvency Institute (III).

Key Points: 
  • SINGAPORE, June 26, 2023 /PRNewswire/ -- The Supreme Court of Singapore announced that Justice Kannan Ramesh, Judge of the Appellate Division, has been appointed as the seventh President of the International Insolvency Institute (III).
  • Justice Ramesh is the first Asian and the first Judge to be appointed to the top post in the III.
  • Justice Ramesh's appointment as the President of the III will significantly add to Singapore's status as a restructuring and insolvency centre.
  • The III, with its exceptional membership, international leadership and resources, plays a valuable and highly significant role in the international insolvency field.

Association of Insolvency and Restructuring Advisors Inducts 2023 Distinguished Fellows

Retrieved on: 
Thursday, June 15, 2023

MEDFORD, Ore., June 15, 2023 /PRNewswire/ -- At its annual conference in Newport Beach, CA, on June 8th, AIRA announced the induction of its 2023 class of Distinguished Fellows.

Key Points: 
  • MEDFORD, Ore., June 15, 2023 /PRNewswire/ -- At its annual conference in Newport Beach, CA, on June 8th, AIRA announced the induction of its 2023 class of Distinguished Fellows.
  • Conceived to recognize the significant contributions that AIRA's senior members have made to the art and science of corporate restructuring and to the association, the Distinguished Fellows designation is an academic and professional honor for those AIRA members and program contributors who exemplify the highest level of excellence in professional practice and whose contributions are a significant positive legacy to our profession and the association.
  • These individuals have contributed in many ways to the profession and to AIRA.
  • The 2023 Distinguished Fellows are:
    Michael C. Sullivan, CIRA, Deloitte Financial Advisory Services LLP, Morristown, NJ
    The Association of Insolvency and Restructuring Advisors (AIRA) is a nonprofit professional association serving financial advisors, accountants, crisis managers, business turnaround consultants, lenders, investment bankers, attorneys, trustees, and other individuals involved in the fields of business turnaround, restructuring, bankruptcy, and insolvency.

Allen Matkins Welcomes Bankruptcy and Creditors’ Rights Partner Matthew G. Bouslog to its Orange County Office

Retrieved on: 
Monday, June 12, 2023

Allen Matkins , a full-service real estate and business law firm, announced today the addition of partner Matthew G. Bouslog to its Orange County office as a member of the firm's Restructuring, Insolvency & Bankruptcy practice group.

Key Points: 
  • Allen Matkins , a full-service real estate and business law firm, announced today the addition of partner Matthew G. Bouslog to its Orange County office as a member of the firm's Restructuring, Insolvency & Bankruptcy practice group.
  • Matt brings with him a unique blend of transactional and litigation experience in the distressed real estate and commercial assets space.
  • View the full release here: https://www.businesswire.com/news/home/20230612005113/en/
    Matthew G. Bouslog, Bankruptcy and Creditors’ Rights Partner at Allen Matkins (Photo: Business Wire)
    Matt represents debtors, creditors, and investors in complex restructuring matters, including in- and out-of-court restructurings, distressed acquisitions, and bankruptcy-related litigation.
  • In addition to his restructuring expertise, he represents clients in UCC Article 9 matters and enforcement of rights and remedies generally.

Association of Insolvency and Restructuring Advisors Announces CIRA Certification Award Winners

Retrieved on: 
Wednesday, June 14, 2023

In 1992, the AIRA established the Certified Insolvency and Restructuring Advisor (CIRA) program to recognize by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities.

Key Points: 
  • In 1992, the AIRA established the Certified Insolvency and Restructuring Advisor (CIRA) program to recognize by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities.
  • Each year AIRA recognizes through awards sponsored by AlixPartners, LLP, the professionals who complete the CIRA program with the highest scores.
  • The Association of Insolvency and Restructuring Advisors (AIRA) is a nonprofit professional association serving financial advisors, accountants, crisis managers, business turnaround consultants, lenders, investment bankers, attorneys, trustees, and other individuals involved in the fields of business turnaround, restructuring, bankruptcy, and insolvency.
  • AIRA's mission is to (i) Unite and support professionals providing business turnaround, restructuring and bankruptcy services, and (ii) Develop, promote, and maintain professional standards of practice, including a professional certification through its CIRA and CDBV programs.