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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”....
...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....
...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...
...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....
...Going by altitude alone is not the safest predictor of snow-surety, though. Climatic conditions can have a sizeable impact....
...But the Trump Organization is a private company, and it is almost impossible to verify his claims....
...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...
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...“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....
...One of the large palm-growing companies active in Indonesia, Socfin, has a holding company listed on the Luxembourg stock exchange....
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
...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....
...lawyer for the attorney-general’s office, argued that the former president could piece together a series of smaller bonds, or use his real estate portfolio to secure bank credit that could then back a surety...
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
...Using high quality bonds or securities as surety creates complicated linkages....
...Continental office owners such as Fabege and Colonial both have LTVs closer to 40 per cent. Aroundtown, which invests in German offices, has an LTV close to 60 per cent....
...But the colonial monopolies broke down long ago, and there are now plenty of diamonds....
...He deftly captures the hypocrisy of the venture when assessing the directors of the 17th-century Dutch trading company that oversaw it in its early years....
...The mine is run by a unit of Jardine, one of Hong Kong’s oldest colonial-era business empires....
...Nick Smith, business development manager at security intelligence company Genetec, expects serious industrial cyber attacks such as the Colonial Pipeline case to “increase over time”, unless companies take...
...That need for surety is bemusing some economists and investors....
...Though it has turnover of £1.2bn and more than 400 stores across the UK, the company has faced challenging cash conditions since last year....
...In 1772, Bihar’s opium production was placed under the control of the East India Company....
...“Managing directors” who are not directors of any company and don’t manage anything. “Vice-presidents” who carry bags and take minutes. “Executive directors” who are mid-level bureaucrats....
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