Hints and tips:
Showing results for Creditor's Financial Group
Related Special Reports
...Creditors of one of the main companies in René Benko’s Signa Group have alleged it fell into insolvency because of “illicit” financial transactions, not a downturn in the European property market....
...While the Akin and Jefferies group claims to be “the largest co-ordinated group of operating company creditors”, other advisers have been trying to form rival groups representing separate bondholders....
...of which has been seen by the Financial Times....
...Groups representing more than two dozen international lenders — including insurers, banks and bondholders — with claims totalling more than €3bn told the Financial Times that Signa properties worth hundreds...
...One person involved in the creditor group said it had been set up prior to Wednesday’s bondholder call, but that management’s remarks had given it fresh impetus....
...In a statement to the Financial Times on Wednesday, Alex Spiro, an attorney for Flow, said the company and its financial partners were prepared to beat any other offer that WeWork has received by 10 per...
...The Financial Times spoke with Signa creditors and advisers to the group and reviewed three years of internal accounts, shareholder presentations, and its non-public insolvency filings for Signa Development...
...The luxury brands are among more than 500 unsecured creditors to Matches, the ecommerce site bought by Mike Ashley’s Frasers group in December and which was placed in administration last month....
...Both Signa Prime and Signa Development will pay creditors over the next two to five years. The two companies are only part of the Signa Group....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...A separate group of hedge funds will put in the remaining $113mn of the new money investment, in exchange for 20 per cent of new WeWork....
...Investment bank PJT Partners and law firm Weil, Gotshal and Manges have been appointed as financial and legal advisers to the committee....
...The creditor group is in contact with holders of more than half of the bond, they added....
...Creditors will vote on May 30 whether to approve the restructuring plan. Here’s more on the creditors and the deal they have proposed....
...Creditors will vote on May 30 whether to approve the restructuring plan....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...It also owed £421 to private-hire group Addison Lee and £4,000 to a landscape gardener....
...The moves will allow the government to “support the group to identify solutions to stabilise its financial situation . . . while guaranteeing the protection of strategic activities”, the finance ministry...
...Carvana makes U-turn away from financial abyss Ernie Garcia talks very fast. But not quite like a used-car salesman....
...The Financial Times reported in February that one large group of creditors to Signa has filed another complaint that raised questions over hundreds of millions of euros of alleged “improper” transfers out...
...Managing partner Varun Chandra told the Financial Times in an interview that governments and regulators had become more “interventionist”, fuelling demand for insight into their thinking....
...The IRS alleges the crypto group owes $24bn in unpaid taxes....
...The petition, issued by China Construction Bank in Hong Kong’s High Court on Friday, is related to an “approximately HK$1,579.5 million [$201.7mn]” financial obligation, Shimao Group said....
...The major danger is that this will translate in the multiplication of non-financial provisions in the restructuring agreements reached by countries with myriad creditor groups, each trying to ensure they...
...The company had failed to work out a restructuring agreement with offshore creditors....
International Edition