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...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....
...Creditors are struggling to come to terms with the complexity of the 46-year-old Benko’s empire....
...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....
...to creditors”....
...Bergoglio — now Pope Francis — had a biblical warning for the country’s irate creditors....
...The Body Shop collapsed owing almost £50mn to unsecured creditors, who face being left out of pocket, as the administrators pursue a company voluntary arrangement in a bid to keep the retailer’s shops open...
...Burberry, Gucci, Bottega Veneta and Prada are among the creditors owed £36mn after Matchesfashion collapsed, with hundreds of suppliers likely to receive less than a penny in the pound....
...This provision traditionally protects official creditors, and ensures that no commercial creditor can extract better restructuring terms....
...Chinese developer Country Garden said it has received a winding-up petition from a creditor in a stock exchange filing on Wednesday....
...Ukraine’s international bondholders have formed a creditor committee ahead of a $20bn debt restructuring that Kyiv is aiming to negotiate by September, amid uncertainty over the arrival of funding to help...
...A return of 30 per cent is also predicted for those creditors....
...Arrival owes about £87mn to secured creditors, £2mn to preferential creditors, and a further £102mn to unsecured creditors, the document shows....
...To be successful, a CVA requires the approval of the majority of the company’s creditors....
...“Why should it be that creditors of the sovereign who have no relationship to Ukrenergo have the right to alter the contract between Ukrenergo and its creditors,” one of the people said....
...The Treasury could, for example, dictate terms even when private creditors have provided 98 per cent of the relevant debt and bilateral creditors only 2 per cent....
...At the heart of the intra-creditor skirmish lies the thorny question of what constitutes comparable treatment for different creditors....
...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...
...Among the chain’s top creditors are some of Brazil’s largest banks. The plan go to a vote at a creditor meeting on December 19....
...In today’s newsletter: Trump’s Spac for Truth Social Altice vs creditors Carvana used car miracle DWAC: the Spac that could save Trump There is one person who holds a trump card in the deal between...
...Official creditors will benefit from a similar arrangement if Zambia outperforms....
...Second, in recent restructurings, official creditors, more so than private creditors, have been the cause of delay....
...A delightful new form of creditor-on-creditor violence just dropped: It’s called the double dip....
...Zambia’s official creditors including China have already signed up to debt relief, which made a private creditor deal the last hurdle to leaving a 2020 default behind....
...Despite being intended to speed up sovereign restructuring processes, the G20 common framework has been beset by delays and rancour between creditors....
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