Insolvency

Halfords Group PLC: Directorate Change - Chief Financial Officer

Retrieved on: 
Wednesday, October 13, 2021

The Board of Halfords Group plc ("Halfords" or the "Group"), the UK's leading provider of Motoring and Cycling products and services, is pleased to announce the appointment of Jo Hartley as Executive Director and Chief Financial Officer.

Key Points: 
  • The Board of Halfords Group plc ("Halfords" or the "Group"), the UK's leading provider of Motoring and Cycling products and services, is pleased to announce the appointment of Jo Hartley as Executive Director and Chief Financial Officer.
  • Jo Hartley joins Halfords from Virgin Active, where she has been Group CFO since 2015.
  • Halfords Group plc will publish its Interim Results for the 26 weeks to 1 October on Wednesday 10 November 2021.
  • This is below the maximum opportunities under Halford's policy and below the incentive opportunities for Halford's current CFO.

Katten Bankruptcy Team Wins Numerous Turnaround Awards From The M&A Advisor

Retrieved on: 
Monday, September 20, 2021

Moreover, the Katten team has broad experience in handling Chapter 15 cases, acquisitions of distressed assets, and representing creditors' committees.

Key Points: 
  • Moreover, the Katten team has broad experience in handling Chapter 15 cases, acquisitions of distressed assets, and representing creditors' committees.
  • Katten represented the independent directors of J.C. Penney Corporation, Inc. in its Chapter 11 cases.
  • The Katten team was led by Steven J. Reisman and included Insolvency and Restructuring partner Geoffrey King and Litigation partner Robert T. Smith.
  • Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.

Philippine Airlines Inc. (PAL) Reaches Agreement with Key Stakeholders to Successfully Navigate the COVID-19 Pandemic and Position the Company for Long-Term Growth and Profitability

Retrieved on: 
Saturday, September 4, 2021

PAL will also complete a parallel filing for recognition in the Philippines under the Financial Insolvency and Rehabilitation (FRIA) Act of 2010.

Key Points: 
  • PAL will also complete a parallel filing for recognition in the Philippines under the Financial Insolvency and Rehabilitation (FRIA) Act of 2010.
  • Ongoing suppliers and trade creditors will be paid in the ordinary course for goods and services delivered throughout this process.
  • Additional resources for customers and other stakeholders, and other information on PALs filings, can be accessed by visiting the Companys restructuring website at www.PALrecovery.com .
  • Philippine Airlines, Inc. (PAL) is the flag carrier of the Philippines and the countrys only full-service network airline.

FBFK Attorneys Honored By 2022 The Best Lawyers in America©

Retrieved on: 
Wednesday, August 25, 2021

DALLAS, Aug. 25, 2021 /PRNewswire-PRWeb/ -- The 2022 Best Lawyers in America report, based solely on peer review and the "gold standard" in the legal industry, announced that four attorneys at DFW-based FBFK law firm were included in this year's edition.

Key Points: 
  • DALLAS, Aug. 25, 2021 /PRNewswire-PRWeb/ -- The 2022 Best Lawyers in America report, based solely on peer review and the "gold standard" in the legal industry, announced that four attorneys at DFW-based FBFK law firm were included in this year's edition.
  • The report's "Ones to Watch" recognizes lawyers who are earlier in their careers for their outstanding professional excellence in private practice.
  • He is also a four-time The Best Lawyers in America honoree.
  • Kubasta is an eight-time The Best Lawyers in America honoree, currently serves as a Board Member of TeXchange DFW, and works with various non-profit organizations.

DGAP-News: Adler Modemärkte AG: ADLER reaches key milestone in restructuring

Retrieved on: 
Wednesday, July 28, 2021

Haibach, near Aschaffenburg, 28 July 2021 - With the unanimous approval of the insolvency plan at the debate and voting session in court, the insolvency creditors of Adler Modemrkte AG have laid the key milestones for the restructuring of the fashion retailer.

Key Points: 
  • Haibach, near Aschaffenburg, 28 July 2021 - With the unanimous approval of the insolvency plan at the debate and voting session in court, the insolvency creditors of Adler Modemrkte AG have laid the key milestones for the restructuring of the fashion retailer.
  • The restructuring of ADLER will be headed by Adler Modemrkte AG's existing Management Board, led by CEO Thomas Freude.
  • The debate and voting session on the insolvency plans at subsidiaries Adler Mode GmbH and Adler Orange GmbH & Co. KG also took place today.
  • Contact for press and investor relations at Adler Modemrkte AG:

Province of La Rioja Bondholders File for Summary Judgment Against the Province

Retrieved on: 
Monday, July 26, 2021

The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.

Key Points: 
  • The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.
  • The petition for summary judgment is based upon uncontested facts against which the Province has no valid defenses.
  • Despite its acknowledgment of default, the Province has failed to constructively engage with its bondholder representatives to negotiate a consensual debt restructuring.
  • During the pendency of the Province's default, nine other Argentine provinces have successfully concluded debt restructuring agreements with their international bondholders through good faith negotiations.

Receiver Statement Regarding Bridging Sales Process

Retrieved on: 
Friday, July 23, 2021

TORONTO, July 23, 2021 /PRNewswire/ -PricewaterhouseCoopers Inc. (the "Receiver"), in its capacity as Court-appointed receiver and manager of all of the assets, undertakings and properties of Bridging Finance Inc. ("BFI"), certain of its affiliates and various investment vehicles (the "Bridging Funds") managed by BFI, today issued the following statement in response to an inaccurate media report that was published yesterday:

Key Points: 
  • TORONTO, July 23, 2021 /PRNewswire/ -PricewaterhouseCoopers Inc. (the "Receiver"), in its capacity as Court-appointed receiver and manager of all of the assets, undertakings and properties of Bridging Finance Inc. ("BFI"), certain of its affiliates and various investment vehicles (the "Bridging Funds") managed by BFI, today issued the following statement in response to an inaccurate media report that was published yesterday:
    "Contrary to a recent media report, the Receiver is not in advanced discussions with any party regarding a potential sale of BFI or the Bridging Funds or their respective assets.
  • As disclosed in the Receiver's Third Report to the Court dated June 9, 2021, the Receiver will shortly be seeking Court approval for a rigorous sales and investor solicitation process (the "SISP") to market some or all of the assets of the Bridging Funds and BFI.
  • The Receiver has been diligently and actively preparing for the SIS, including assembling the information that will be made available to SISP participants who execute confidentiality agreements, so that the SISP can be expeditiouslyimplemented provided it is approved by the Court.
  • The Receiver expects to file materials in Court next week seeking the Court's approval of the SISP."

Restaurants, cottaging, partying and shopping lead the way for cooped up Canadians: Survey

Retrieved on: 
Wednesday, July 21, 2021

The Double Vax Summer Survey by Licenced Insolvency Trustees Bromwich+Smith, focused on 2021s hopeful plans and activities.

Key Points: 
  • The Double Vax Summer Survey by Licenced Insolvency Trustees Bromwich+Smith, focused on 2021s hopeful plans and activities.
  • Rounding out the list for cooped-up Canadians are booking their dream vacation (14%), clubbing (5%) and shopping for luxury brands (4%).
  • Finally, 17 per cent of Canadians plan on saving their money and one quarter (26%) dont plan on doing anything differently.
  • Bromwich+Smith's Debt Relief Specialists are available for a free, confidential, no-obligation initial consultation by phone at 1-855-884-9243 or via www.bromwichandsmith.com .

Winston & Strawn Adds Restructuring Partner Tim Walsh To New York Office

Retrieved on: 
Tuesday, July 20, 2021

NEW YORK, July 20, 2021 /PRNewswire/ -- Winston & Strawn LLP is pleased to announce the addition of Tim Walsh as Global Chair of the Restructuring and Insolvency Practice resident in the firm's New York office.

Key Points: 
  • NEW YORK, July 20, 2021 /PRNewswire/ -- Winston & Strawn LLP is pleased to announce the addition of Tim Walsh as Global Chair of the Restructuring and Insolvency Practice resident in the firm's New York office.
  • Tim brings over 30 years of experience advising U.S. and international clients on all aspects of restructuring transactions.
  • "The COVID-19 pandemic has generated an unprecedented and sustained level of complexity in terms of corporate restructuring transactions," said Tim.
  • Winston & Strawn LLP is an international law firm with 15 offices located throughout North America, Asia, and Europe.

Association of Insolvency and Restructuring Advisors Inducts 2021 Distinguished Fellows

Retrieved on: 
Thursday, July 15, 2021

MEDFORD,Ore., July 15, 2021 /PRNewswire/ --At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows.

Key Points: 
  • MEDFORD,Ore., July 15, 2021 /PRNewswire/ --At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows.
  • These individuals have contributed in many ways to the profession and to AIRA.
  • ), Hogan Lovells US LLP, Philadelphia, PA
    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.
  • For additional information on AIRA, visit www.aira.org .For additional conference and program information, visit https://aira.org/conference .