No business is safe in uncertain times. With disruption set to continue through the year's end, even multinational companies must make preparations to avoid insolvency.
The global COVID-19 pandemic has led to businesses facing significant and unprecedented challenges. As the lockdown restrictions begin to be relaxed, some companies may struggle to recover, finding that the damage done to their finances and the daily ongoing struggle to control cash flow is just too much for the business to continue.
Thomas Cook’s unexpected shutdown has initiated yet another corporate earthquake, due to the disruption of technology. It’s not uncommon to see major players suddenly vanish within the world of business.
Many companies face financial issues at some stage on their natural life. You just need to look at the recent liquidations of some of the high street’s top shops, Toys r Us, Maplin, BHS, etc. For businesses facing significant cash flow problems, liquidation can become a very real threat. There are various procedures for liquidating […]
Xu Shengfeng, is a Senior Partner at Zhong Lun Law firm and the person in charge of the firm’s bankruptcy and reorganization practice. Over the years, he has taken the lead in handling a number of high-profile and complicated bankruptcy and reorganization cases involving domestic heavyweight securities companies, listed companies and other businesses, for […]
A recent study found that half of all UK start-ups fail within the first five years; however, it's not only start-ups that are at risk, several large retailer companies have failed in 2018 already. The question is, ‘what makes a business fail and how do you prevent it?’ Ruta Gabalis, CEO of AeroBlue and investor, shares […]
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