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Government contingency plans could see bulk of debt taken on by state with utility split in two
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...The events in Miami and Las Vegas drew 270,000 and 315,000 in 2023. Miami had been on the cards for years until Liberty got the deal over the line....
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...The case is being levelled against Lloyd’s of London among insurers that provided the so-called primary policies, which take the first losses from any event....
...Earlier this month Robert Cleary, a former federal prosecutor, was appointed as an independent examiner in FTX’s bankruptcy to provide a detailed report on the events leading up to its implosion, including...
...Fujitsu UK said the public inquiry was examining complex events stretching back more than two decades and it “apologised for its role in [the postmasters’] suffering”....
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...“If there’s prize money it should be the IOC giving equal prize money to each event rather than different federations paying,” said someone close to another Olympic federation....
...While securitised debt is typically backed with hard assets, government regulation means that Thames Water’s bondholders cannot lay claim to the utility’s pipes and treatment plants in the event of an insolvency...
...Both sides have stood by their version of events, releasing documents that they say prove they are right....
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...After he was charged, Bankman-Fried spoke with numerous reporters in an effort to convey his side of the story, and told his version of events to the bestselling author Michael Lewis....
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