North America

Results for North America

Steelworkers Lose Bid to Appeal Two Decisions in Essar Algoma Insolvency Case

An Ontario appeal court has rejected an attempt by United Steelworkers Local 2724 to overturn two orders made by Justice Frank Newbould in the Essar Steel Algoma restructuring proceedings, Sootoday.com reported. Local 2724, representing Essar Algoma' ...

Daily Headline - global.abi.org - 04/23/2017 - 19:01 - 0 comments

El Salvador Downgraded After Missing Debt Payments

Ratings agency S&P has downgraded El Salvador’s sovereign credit rating to “selective default” after the government missed payments related to its pension debts, the Financial Times reported. The government missed $28.8m worth of payments due bet ...

Daily Headline - global.abi.org - 04/23/2017 - 19:01 - 0 comments

PACICC to Participate in Federal Government’s Review of Insolvency Legislation Next Year

The Property and Casualty Insurance Compensation Corporation (PACICC) will participate in the federal government’s review of financial sector regulations next year, including the examination of an act that has not “really been reviewed” in more than a ce ...

Daily Headline - global.abi.org - 04/18/2017 - 22:19 - 0 comments

KIRKLAND M&A UPDATE

In an earlier M&A Update, we discussed the attraction of using earnouts to bridge valuation gaps but quoted VC Laster’s astute description of earnouts as “often convert[ing] today’s disagreement over price into tomorrow’s litigation over outcome.” Si ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:29 - 0 comments - 0 attachments

Is the retail industry going on clearance?

The retail industry is undergoing key structural changes driven by the emergence of internet and mobile purchases, shopping trends of millennials (“experiences” over “things”), globalization, and changing business practices (e.g., “fast fashion”). Will t ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:26 - 0 comments - 0 attachments

Walter Popiel recognized by Turnarounds & Workouts as one of 2017 Business Professionals Making Their Mark

As managing director, Walter led the advisory team responsible for the successful restructuring and sale of U.S. Manufacturing, a critical supplier of highly specialized axle housings for the automotive industry, solving a significant industry problem an ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:25 - 0 comments - 0 attachments

8 merger and acquisition trends that your practice should keep in mind

The M&A field within health care—including ophthalmology—has seen a whirlwind of activity the past several years, said Steve Wybo, senior managing director, Conway MacKenzie, Birmingham, Michigan. Mr. Wybo specializes in helping distressed businesses ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:23 - 0 comments - 0 attachments

Oil Servicers Still Struggle as Canadian Producers Ramp Up

The worst may not be over for everyone in Canada’s oil patch even as crude prices show signs of stability, Bloomberg News reported. While producers are on firmer footing, oilfield service companies are still keeping restructuring advisers and lawyers bus ...

Daily Headline - global.abi.org - 04/17/2017 - 21:25 - 0 comments

In the Bahamas, a Long-Awaited Opening for Baha Mar Resort

The Bahamas resort Baha Mar has taken more than 10 years to open, but on Friday, the $4.2 billion, 1,000-acre development on a half-mile of beachfront in Nassau is expected to finally debut — at least, in part, the International New York Times report ...

Daily Headline - global.abi.org - 04/17/2017 - 21:42 - 0 comments

Seadrill in a Free Fall Seen Left to Day Traders as Hope Fades

Seadrill Ltd., once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a struggle to avoid bankruptcy, Bloomberg News reported. “It’s trading at ...

Daily Headline - global.abi.org - 04/05/2017 - 21:16 - 0 comments

Syndicate content