Hints and tips:
Related Special Reports
...But he maintained a tight grip on almost all aspects of the decision-making process through a complicated shareholding structure....
...These bind all creditors to a deal struck by a supermajority. However, many sovereign bonds still don’t have such clauses....
...A spokesperson for Flow said: “The identities of our world-class financial institution backers are all known to WeWork.”...
...For one, its scope is too wide: It applies to all borrowers, while a similar law passed in the UK in 2010 applied only to countries with a GDP per capita of about $1,500....
...Like all of Trump’s businesses, TMTG will for better or worse bear the mark of its founder. If all goes to plan, it will trade under the ticker DJT — his initials....
...in all multilateral debt restructuring discussions....
...for cents on the dollar and sue for full payment even as other creditors agree to take losses — has been substantially reduced and mitigated by enhanced collective clauses found in almost all new sovereign...
...“We encourage all the parties, many of whom have been supportive, to just walk the extra mile and close this transaction.”...
...The protection the bill provides to debtors faced with a lawsuit will disincentivise rather than lead to more litigation, thus encourage engagement of all private creditors in negotiations....
...It said over the weekend that it had hired Linklaters as its principal legal adviser and would “work with the creditors to explore all feasible options of offshore liability restructuring”....
...biggest shareholder Layani, founder of IT consultancy OnePoint, announced on Sunday he had formed a consortium with Butler Industries to rescue the company, with the goal of “protecting and preserving all...
...a stable platform while all options are explored with all key stakeholders”....
...New York’s courts have outsized importance to sovereign debt investors as nearly half of all emerging market sovereign bonds are governed by the state’s law....
...Yet, as Euroclear’s compliance team raced to find the lowest common denominator among all plausibly relevant sanctions regimes, US, EU and all Western creditors alike are left facing the costs of the Kremlin...
...Evergrande’s international creditors are pressing for a last-minute agreement to avert a court order to liquidate the highly indebted Chinese property developer....
...The company said it needed to reduce its debt by €2.4bn and extend all remaining maturities by five years....
...In retrospect it wasn’t all that slow-motion....
...This matters since half of all emerging market bonds, worth an estimated $870bn, have been issued under New York law....
...Upcoming elections in the US, ongoing conflict in Ukraine and now the eruption of hostilities between Israel and Iran are all weighing on policymakers’ minds....
...of all Chinese state creditors or simply these of China’s designated official lenders....
...People close to WeWork said it had no advanced conversations with Neumann and that it was proceeding with its previous plan to hand over a restructured company to creditors by wiping away nearly all its...
...Countries that obtain debt relief from Paris Club creditor countries are obliged to promise that they will seek “comparable treatment” from all other creditors, bilateral and commercial....
...Presenting his findings to creditors, Stapf said he intended to dispute almost all of the debts, according to a readout of the meeting seen by the Financial Times....
...At the height of the global financial crisis in 2009, distressed exchanges made up just over two-fifths of all US corporate defaults....
...Signa’s main holding companies are all domiciled in Austria. It is unclear whether any of them may also be part of the scope of the Munich investigation....
International Edition