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...Administrators at Alvarez & Marsal have alleged that the group’s revenues were fraudulently inflated and that it had entered into “unreported and improper transactions with related parties for the purpose...
...An executive from consulting firm Alvarez & Marsal was detained in the United Arab Emirates while working to overhaul a Nasdaq-listed company that US authorities charged with fraud last month, according...
...Construction businesses and regional housebuilders have also been hit by rising costs, says Richard Fleming, European head of restructuring at consultancy firm Alvarez & Marsal....
...“I don’t think that your provincial UK plc or German-listed company is suddenly going to say, ‘Oh, we now need to compete against the US in terms of [pay]”, said David Tuch, managing director at Alvarez...
...Richard Fleming, managing director at consultancy Alvarez & Marsal, said rising borrowing costs had led some investors to defer projects, heaping pressure on the sector....
...Richard Fleming, of Alvarez & Marsal, the joint administrator of NMC Health, said: “We have co-operated with the FCA extensively in its investigation into NMC Health Plc and note the censure announcement...
...US chocolate group Hershey caused a stir when it brought basketball star Shaquille O’Neal on to the stage to announce a partnership for its gummy sweets....
...Alvarez & Marsal, administrators of former FTSE 100 hospital group NMC Health, are pursuing a $2.7bn legal claim against EY UK for failing to raise red flags as auditor of the company before it collapsed...
...Alvarez & Marsal has named Chevron veteran Jay Johnson as senior adviser to its energy practice....
...MJ Hudson has also hired accounting advisory group Alvarez & Marsal to advise on a sale of one or more of its business lines....
...Administrators from Alvarez & Marsal accused the UK’s biggest accounting firm of failing to audit JD Classics’ 2016 and 2017 accounts competently, resulting in material misstatements of the dealership’s...
...Administrators Alvarez & Marsal, tasked with securing funds to repay NMC’s creditors, claimed that more than $1.5bn was transferred from the group to its founder BR Shetty and two of his associates....
...Alvarez & Marsal said the legal action was part of its efforts to maximise returns for creditors....
...Antonio Alvarez III, head of Europe, Middle East and Africa at consultancy Alvarez & Marsal, this month declared that EY’s break-up planning was “an important development for our firm”....
...Carta hunts for new acquisitions The US fintech unicorn is looking for new targets, Amy O’Brien reports in Sifted....
...Administrators from Alvarez & Marsal also allege that EY should have detected that NMC’s revenues were fraudulently inflated in its accounts and that the hospital operator’s management had dishonestly caused...
...US-headquartered independent companies such as Alvarez & Marsal, AlixPartners, and FTI Consulting have also been hiring star Big Four practitioners to fuel global expansion....
...Additional reporting by Kaye Wiggins and Michael O’Dwyer...
...Advisers at independent firms, the largest of which include Alvarez & Marsal and FTI Consulting, are also less likely to be blocked from accepting work because of a potential conflict of interest such as...
...Private equity buyers recognise that assessing the ESG credentials of prospective and existing investments is now a requirement, said Julie Hertzberg, who heads a new ESG consulting practice at Alvarez &...
...Sarah Downey, US D&O product leader at Marsh, said that while 12 per cent of public company clients had increased their D&O limits through the second quarter of this year, 15 per cent decreased the coverage...
...The case, filed by Shetty in New York last week, alleges he was defrauded through a “debt-fuelled Ponzi scheme”, according to this report by the FT’s Michael O’Dwyer and Cynthia O’Murchu....
...Abu Dhabi Commercial Bank, which is owed almost $1bn by NMC, last week persuaded a UK high court judge to appoint restructuring consultancy Alvarez & Marsal as administrators for the company that until recently...
...On Tuesday the group’s administrators Alvarez & Marsal said NMC had asked ADCB to lead a committee of creditors, including Barclays and Standard Chartered, to co-ordinate between the company and lenders....
...Alvarez & Marsal has said it is reviewing Mr Shetty’s claims and declined to comment further....
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