Distressed Disposal under ICA is a powerful restructuring tool that de-levers a business for the benefit of Senior Lenders. It's a contractual right that requires no court involvement and has rarely been challenged.
Although the IMF recently announced at Davos that it would upgrade its global economic forecasts, with an improvement predicted in the later part of 2023 and into 2024, times remain.
Virgin Active Holdings raised £88.4 million ($118 million) from backers including billionaire Christo Wiese, and will expand with the acquisition of the…
On 12 January 2022, the English High Court granted Smile Telecoms Holdings Limited’s (“Smile” or the “Company”) application to convene a single meeting of plan creditors (the super.