Sun.Jan 22, 2023

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Sporting goods 2023: The need for resilience in a world in disarray

Mckinsey and Company

After recording a widely positive performance in 2021, the sporting-goods industry has seen multiple challenges in the past year, including the threat of global recession, war in Europe, continued supply chain challenges, and rapidly rising interest rates—all contributing to a world in disarray. Resilience will be key to tackling the highly uncertain environment and preparing for the next wave of growth.

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Elliott takes multibillion-dollar activist stake in Salesforce

Financial Times M&A

Pressure mounts on Marc Benioff’s software group after Starboard Value fund calls to boost profit margins

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China Pumps Up The ‘Panda Bond’ Market

Global Finance

With interest rates rising in the West, China hopes its falling interest rates will attract multinationals to its domestic bond market.

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Funeral Biz's £281M Takeover Deal Guided By 2 Law Firms

Law 360 M&A

Dignity PLC said on Monday that it has accepted a £281 million ($347.3 million) takeover cash offer from a consortium of the funeral provider's existing shareholders in a deal led by Slaughter and May and Macfarlanes LLP.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Proactive news headlines including Lightning Minerals, Kingfisher Mining, New Century Resources and Critical Resources

Benzinga

Sydney, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Lightning Minerals Ltd (ASX:L1M) has identified a lithium-rubidium anomaly from a soil sampling program at the Dundas Project in Western Australia. Click here Kingfisher Mining Ltd (ASX:KFM) continues to grow the rare earth potential of Mick Well Project in the Gascoyne Mineral Field in Western Australia with further h

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Small Business Owners are Entitled to Exempt Reasonable Compensation from the Bankruptcy Estate

ABI

Rachel McGarry St. John's University School of Law American Bankruptcy Institute Law Review Staff In In re Raza, a bankruptcy court in Virginia overruled a trustee’s objection to certain of the debtor’s claimed exemptions and held that a small business owner who received an Economic Injury Disaster Loan (“EIDL Loan”) with the U.S. Small Business Administration (“SBA”) was able to use those funds as reasonable earnings for himself, “which in turn may be exempted from the bankruptcy estate.

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More Trending

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Court Terminates Automatic Stay to Allow Foreclosure of Single Asset Real Estate

ABI

Zachary Rozycki St. John's University School of Law American Bankruptcy Institute Law Review Staff Under section 362 of title 11 of the United States Code (the “Bankruptcy Code”), the filing of a bankruptcy petition results in an automatic stay that generally enjoins any creditor from taking any action against a debtor or its property. [1] The automatic stay is not permanent and may be terminated upon a showing of “cause.” [2] The automatic stay may also be terminated as to property if th

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Top News: Methanol Market to Hit $39.18 Billion by 2028 | Fortune Business Insights™

Benzinga

Pune, India, Jan. 23, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Methanol is found in petroleum refineries and refined from crude oil through fractional distillation.

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US Trustee Fee Increase that is not Applicable Uniformly Violates the US Constitution

ABI

Malorie Ruggeri St. John's University School of Law American Bankruptcy Institute Law Review Staff Article I, Section 8, Clause 4, of the United States Constitution contains the “Bankruptcy Clause,” which vests Congress with the power to establish “uniform Laws on the subject of Bankruptcies throughout the United States.” [1] The Clause’s requirement that the bankruptcy laws be “uniform” is not a strictly construed requirement. [2] Congress reserves the right to draft legislation depending o

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Aluminium Market to Hit USD 255.91 Billion by 2029 | Fortune Business Insights™

Benzinga

Pune, India, Jan. 23, 2023 (GLOBE NEWSWIRE) -- The global aluminium market size was valued at USD 159.32 billion in 2021 and is projected to reach a valuation of USD 168.84 billion in 2022. The market is expected to reach USD 255.91 billion by 2029 with a CAGR of 6.1% during the forecast period 2022-2029. Rising product incorporation in the automotive & transportation industry is expected to increase market growth.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Debts Based on Fraudulent Misrepresentations of Fact may not be Discharged

ABI

Lauren M. Shoemaker St. John's University School of Law American Bankruptcy Institute Law Review Staff Under title 11 of the United States Code (the “Bankruptcy Code”), a debtor may be discharged of his or her debts. [1] However, certain debts are not dischargeable. [2] In particular, a debt obtained by false representation or false written statements cannot be discharged. [3] In In re Swing House Rehearsal and Recording, Inc. , a California bankruptcy court held that debts owed to a credi

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Sorbitol Market to Reach USD 1,928.3 Million by 2026 | Exhibiting a CAGR of 5.54%

Benzinga

Pune, India, Jan. 23, 2023 (GLOBE NEWSWIRE) -- The global sorbitol market is likely to gain impetus from a rise in demand for digestive and low-calorie products. The global sorbitol industry was valued at USD 1,244.5 Million in 2018. It is projected to reach USD 1,928.3 Million by the end of 2026, exhibiting a CAGR of 5.54% in the forecast period (2019-2026).

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Foreclosure Sale Violates Automatic Stay when a Debtor is a Named Party in the Foreclosure

ABI

Andrew Vavricka St. John's University School of Law American Bankruptcy Institute Law Review Staff Section 362 of title 11 of the United States Code (the “Bankruptcy Code”) provides that the filing of a bankruptcy petition results in an automatic stay generally enjoining all actions, including a foreclosure sale, against a debtor or its property. [1] In Bayview Loan Servicing LLC v.

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Amendments to Rule 10b5-1’s Defense to Insider Trading Liability & Related Disclosures

Harvard Corporate Governance

Posted by Laura D. Richman, John R. Ablan, and Kwaku D. Osebreh, Mayer Brown LLP, on Sunday, January 22, 2023 Editor's Note: Laura D. Richman is a Counsel, John R. Ablan is a Partner, and Kwaku D. Osebreh is an Associate at Mayer Brown LLP. This post is based on their Mayer Brown memorandum. Related research from the Program on Corporate Governance includes Insider Trading via the Corporation (discussed on the Forum here ) by Jesse M.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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COVID-19: The Exception to the Worker Adjustment and Retraining Notification Act

ABI

Audrey Victor St. John's University School of Law American Bankruptcy Institute Law Review Staff The Worker Adjustment and Retraining Notification Act ("WARN Act") provides that “an employer shall not order a plant closing or mass layoff until the end of a 60-day period after the employer serves written notice of such order” to each impacted employee. [1] In In re Art Van Furniture LLC, a bankruptcy court in Delaware held that COVID-19 falls within the scope of the "unforeseen business ex

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Sullivan & Cromwell Discusses ESG Considerations for Financial Institutions in 2023

Reynolds Holding

As U.S. financial institutions assess their ESG risks, opportunities, policies and procedures for 2023, key considerations include the numerous significant ESG developments in 2022—in particular, recent proposals and initiatives announced by financial regulators with respect to climate-related risk management and disclosures—and overarching regulatory, political, investor and litigation trends.

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Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims

ABI

Rayla Aberman St. John's University School of Law American Bankruptcy Institute Law Review Staff In In re PG&E Corp. , the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] In January 2019, PG&E Corp. filed for chapter 11 bankruptcy due to the potential liabilities they were facing following the California wildfires. [2] In addition to the wildfire related cla

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Rethinking Cautions Accompanying Investment Predictions

Reynolds Holding

We are constantly bombarded with warnings about dangers to our health or wellbeing. Sometimes, however, the warnings might facilitate the danger. In a new article, I show how the cautionary statements that commonly accompany predictions of corporate performance fall into this camp. The judicially created “bespeaks caution doctrine” [1] and a highly controversial provision in the Private Securities Litigation Reform Act (PSLRA) [2] enable speakers to avoid liability for failed predictions regardi

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Non-Income Producing Properties that Never Operated can be Single Asset Real Estate Under the Bankruptcy Code

ABI

Paul Spagnoli St. John's University School of Law American Bankruptcy Institute Law Review Staff Title 11 of the United States Code (the “Bankruptcy Code”) contains certain provisions addressing “single asset real estate” or “SARE.” [i] For example, section 362(d)(3) of the Bankruptcy Code provides that relief from the automatic stay as to single asset real estate may be granted upon a request by a creditor with an interest in such property, unless, no later than 90 days after the entry of

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