Liquidation Value

Amicus Finance plc (under administration): High Court sanctions first middle market restructuring plan, despite opposition from secured creditor | Dechert srl

[co-author: Eirene Psomas]* On August 19, 2021, the English High Court sanctioned a Part 26A restructuring plan proposed by the directors of Amicus Finance plc (under administration) (“Amicus”) For the company’s solvent exit from administration, allowing the company to be saved as a going concern (the“Restructuring plan“). Sir Alistair Norris …

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Should Nordstrom separate from Nordstrom Rack? – RetailWire

Dec 22 2021 Nordstrom has reportedly retained the services of AlixPartners to explore a spinoff from its recently struggling Nordstrom Rack non-price business. The movement, reported for the first time by Bloomberg, follows Saks Fifth Avenue’s hiring of AlixPartners earlier this year to explore a separation of its online business. …

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Form 8-K Peraso Inc. To: Dec. 15

Peraso Technologies Inc. Notes to Condensed Financial Statements (Unaudited) For the three and nine month periods ended September 30, 2021 and 2020 Convertible debentures due December 31, 2023 In December 2019, the Company entered into convertible debenture agreements with a total principal amount of $ 1,748,035 maturing on June 30, …

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Preserving the Svea Mines in Svalbard in 3D for the public

In 2017, it was decided to close the Svea and Lunckefjell coal mines in Svalbard after 100 years of operation. Ancient mining communities have been returned to nature. All traces of human activity are removed, with the exception of a few cultural heritage sites prior to 1946, which are automatically …

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Need a code of conduct for the creditors committee

Valuation can be tricky at the best of times and lenders with their commercial wisdom are the best judges. In view of the manner in which the lenders of Videocon Oil Ventures (VOVL) Limited, a subsidiary of Videocon Industries Limited (VIL), have reportedly contacted CGSB management, in order to ensure …

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Imperial Bank depositors face grim prospects in pursuit of Sh50b

Headquarters of the Imperial Bank, Westlands. [Beverlyne Musili, Standard] Deposits in the deep pockets of the Imperial Bank, now in liquidation, are scouring history in search of hope. But there are few. Previous financial institutions that entered the liquidation phase stayed there for years – the recent example being Fortune …

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Fannie, Freddie Investors Win Class Cert. For the stock profit suit

By Hailey Konnath (December 8, 2021, 8:52 p.m. EST) – A federal judge in the District of Columbia has blessed three classes of shareholders from Fannie Mae and Freddie Mac accusing the government of wrongly changing the purchase of shares, dividing the classes according to the type of stock involved. …

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As of September, 421 cases resolved under the insolvency law; 1,149 files were closed

Up to 421 cases involving a realizable value of Rs 2.55 lakh crore have been resolved and 1,149 cases with a liquidation value of Rs 52,036 crore have been put into liquidation under the insolvency law until September, the government announced on Tuesday. The corporate insolvency resolution process (CIRP) is …

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