News & Insights
B. Riley Advisory Services
Date:
27/01/2021
Author:B. Riley Advisory Services 27/01/2021
B. Riley Advisory Services Named Turnaround Consulting Firm Of The Year
The 12th Annual Turnaround Atlas Awards were held virtually on 21-22 January 2020, and BTG Global Advisory founding member B. Riley Advisory Services was named Middle Market Turnaround Consulting Fi
PLUTA Rechtsanwalts GmbH
Date:
26/01/2021
Author:PLUTA 26/01/2021
WEBINAR: Rising of a new star? The new German Restructuring Law (StaRUG)
23 February 2021 According to the current planning, Germany will have one of the most modern restructuring frameworks (StaRUG) outside insolvency within Europe from January 1, 2021. With the new StaRU
Begbies Traynor Group
Date:
21/01/2021
Author:Begbies Traynor Group 21/01/2021
630,000 UK businesses now in significant financial distress as new lockdown comes into effect
The latest Red Flag Alert research for Q4 2020 has recorded 630,000 businesses in ‘significant distress1’ after the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown.
Rodgers Reidy
Date:
20/01/2021
Author:Rodgers Reidy 20/01/2021
Australian Insolvency - December 2020
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for December 2020 including:
PLUTA Rechtsanwalts GmbH
Date:
19/01/2021
Author:PLUTA 19/01/2021
PLUTA attorney Dr Kaufmann appointed provisional administrator for long-standing logistics company
PLUTA restructuring expert Dr Christian Kaufmann is involved in proceedings for another company from the logistics sector, which is currently facing major challenges. On 5 January 2021, the Local Court of Syke ordered provisional insolvency proceedings to be opened for the assets of Louis Neukirch GmbH from Stuhr, near Bremen. Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH was appointed provisional administrator for the long-standing company, which was founded in 1824 and has therefore been in business for almost 200 years.
Rodgers Reidy
Date:
19/01/2021
Author:Rodgers Reidy 19/01/2021
Webinar Recording: How to Lose a President in 10 Days
The Rodgers Reidy January 2021 webinar featuring Brent Morgan (Rodgers Reidy - Melbourne) and Wayne P. Weitz, CTP (B Riley Advisory Services - New York) where they discuss the current situation in the United States surrounding the presidential election, inauguration, impeachment, riots and others matters, including the effect it may have on the Australian economy and business can be watched in the video in the link below.
Begbies Traynor Group
Date:
18/01/2021
Author:Begbies Traynor Group 18/01/2021
Brexit deal offers businesses new freedoms and red tape
An hour before New Year’s Day, at 11pm on 31 December 2020, the UK completed its formal departure from the European Union (EU). It was an unceremonious conclusion to the four-and-a-half-year saga since the referendum. Nevertheless, a new era has now begun – with new freedoms and new bureaucracies. On Christmas Eve, the EU-UK Trade and Cooperation Agreement (TCA) was agreed. Together with 2019’s Withdrawal Agreement, these two treaties now govern the UK’s future trading relationship with its largest, and nearest, neighbour – worth around £670bn in 2019.
Rodgers Reidy
Date:
18/01/2021
Author:Rodgers Reidy 18/01/2021
Changes to Director Penalty Notices go un-noticed
Among all of the changes during the past 12 months to the business landscape in Australia, a critical change for Directors’ personal liability may not have been as widely talked about as it otherwise would have.
B. Riley Farber
Date:
18/01/2021
Author:B. Riley Farber 18/01/2021
Farber Advises Company in Obtaining $35M Asset-Based Financing
Farber is pleased to have acted as the exclusive financial advisor to obtain $35M in asset-based financing from a non-bank lender for a Canadian manufacturer and distributor of toys and hand sanitizer.
Begbies Traynor Group
Date:
18/01/2021
Author:Begbies Traynor Group 18/01/2021
BTG Global Advisory Announces Offshore Expansion
BTG Global Advisory (BTG GA) member, Begbies Traynor Group plc, today announces that it has completed the acquisition of CVR Global LLP (“CVR”). CVR is a leading independent firm of insolvency pra
Begbies Traynor Group
Date:
12/01/2021
Author:Begbies Traynor Group 12/01/2021
Covid debt mountain looms when pandemic finally brought to heel
The latest UK national lockdown represents a new kind of challenge for the Government: to articulate to Covid-weary households and businesses that things will soon get better, but first they will worsen. An ambitious national vaccination campaign is underway, raising hopes that the end of the pandemic is in sight. However, at the same time we are in the grip of the virus with rates of infection soaring, exacerbated by a virulent new strain. The latest lockdown aims to protect the NHS and save lives, but it will also increase business failures. Indeed, once Covid-19 is finally brought to heel, the next challenge will be the Covid corporate debt mountain, amassed by companies forced to accept additional leverage through government loan schemes to bolster their survival prospects.
Begbies Traynor Group
Date:
22/12/2020
Author:Begbies Traynor Group 22/12/2020
Retail and hospitality braces for a bleak winter as covid-19 takes its toll
In the run-up to Christmas, new data from leading insolvency firm, Begbies Traynor, has revealed the full impact of the Covid-19 crisis and tough trading conditions, which shows that nearly 40,000 (39,232) retailers – including both online and bricks and mortar stores – are now in significant financial distress.
Rodgers Reidy
Date:
18/12/2020
Author:Rodgers Reidy 18/12/2020
Webinar Recording: Return to Work 2021 (the road to recovery)
The video from our Lunch N Learn session on 16 December 2020 on Return To Work issues, including Employment and the Property outlook for 2021 with panelists Brent Morgan, Neil Salvador, Paul Sutherland and Neil McLean.
Begbies Traynor Group
Date:
14/12/2020
Author:Begbies Traynor Group 14/12/2020
UK Expands Support to Export Finance
Access to export loans has been widened in an effort to boost export activities as the post-Brexit transition period nears its end.
Rodgers Reidy
Date:
03/12/2020
Author:Rodgers Reidy 03/12/2020
Can PPSA protect a Directors personal position?
In these challenging times, many business owners are facing circumstances that they have never faced before. 2000+ Strong team
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