UK’s new insolvency process should worry company creditors around the world: Virgin Atlantic’s rescue deal is something of a watershed in how companies can escape insolvency. The deal, which will involve Richard Branson and US hedge fund Davidson Kempner Capital Management injecting US$ 1.6 billion (£1.2 billion) into the airline, uses the new restructuring plans …
South Africa in the news: SAA creditors give government until Monday to amend business rescue agreement: Cape Town – The creditors of South African Airways (SAA) on Friday voted overwhelmingly to give the Department of Public Enterprises until Monday to amend a paragraph of the business rescue plan for …: “South Africa” – BingNews Over …
South Africa in the news: Airlink disappointed with court decision to allow creditors to vote on SAA rescue plan: Airlink said while it respects the South Gauteng High Court’s decision to allow tomorrow’s meeting of SAA creditors to proceed, it is deeply disappointed. Having been frustrated by the business rescue …: “South Africa” – BingNews …