The $6bn takeover is billed as the first high profile case of management change under the newly framed Insolvency & Bankruptcy Code
Bankruptcy
-800x600.jpg)
Bankruptcy
1,100 people filed for bankruptcy in Saudi over 4 years
Around 68% of those who filed for bankruptcy are Saudi nationals, according to the Ministry of Justice
Bankruptcy
Bitcoin exchange president’s death puts millions out of reach
QuadrigaCX said it sought protection from creditors after weeks of attempting to ‘locate and secure our very significant cryptocurrency reserves’ following the death of its president Gerald Cotten
Banking & Finance
Saudi Arabia’s bankruptcy law comes into effect
Saudi Arabia’s comprehensive regulations aim to tackle insolvency cases
Alitalia
Soaring passenger numbers put Alitalia ‘on the right track’, says CEO
Alitalia has been the subject of three offers, from German airline giant Lufthansa, another from US private equity group Cerberus, and a joint EasyJet-Air France bid
Bankruptcy
Time to regulate insurance companies, says Saudi German chairman
Sobhi Batterjee believes that low insurance policy prices are forcing Saudi hospitals into bankruptcy
Artificial intelligence
Tech giant Avaya: from Chapter 11 to a new chapter
Avaya president and CEO Jim Chirico on how the company overcame a turbulent year, and is using the opportunity to propel itself in a new direction
Artificial intelligence
Opinion: Taking the positives out of bankruptcy
For many CEOs, the prospect of bankruptcy is the stuff of nightmares, but if done right it can lead to new opportunities
Aviation
Lufthansa and EasyJet nose ahead in race for Air Berlin
German national carrier reportedly beat out IAG and three bids of between $600 million and $715 million apiece from private investors