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...Its chief executive later explained the company had done so through “the ordinary course of its surety business and is acting as a neutral party”....
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...A surety bond serves as a letter of credit to ensure that a defendant will pay a judgment if they lose the case on appeal....
...Trump’s legal team said on Monday that the Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...” for a valid surety in New York....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
...But the Trump Organization is a private company, and it is almost impossible to verify his claims....
...Going by altitude alone is not the safest predictor of snow-surety, though. Climatic conditions can have a sizeable impact....
...They said that in their efforts to secure the larger bond they had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers...
...“For the American and European supply chains to be built, you need a surety built by the government,” said Matthew Ashley, senior cobalt trader at Traxys, a Luxembourg-based trading house....
...That need for surety is bemusing some economists and investors....
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...Before New York attorney-general Letitia James more than halved the original bond, Trump’s lawyers said 30 surety companies refused to underwrite such a large amount....
...Opinion: Trump’s financial difficulties pose risks for America as well as for himself, argues Edward Luce....
...A British company that becomes listed in Germany will almost inevitably become more German-oriented. A Japanese acquirer of a UK tech company will own that company’s intellectual property....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Producers in free markets in Latin America, meanwhile, are cashing in....
...Both sides can then benefit if investors put a premium on companies incorporated there....
...Guidance allows companies to manage analyst and investor expectations....
...Using high quality bonds or securities as surety creates complicated linkages....
...of smaller companies....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
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