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...That paid off when a judge appointed them as the liquidators of Evergrande’s Hong Kong-listed holding company in January — a job for which they beat competition from rivals at Big Four firms, as DD’s Kaye...
...Those holdings include a $300mn investment by Alameda in K5 Global, the firm run by Michael Kives....
...Of that, SKr7bn is recognised as a liability on the balance sheet as “contingent consideration” — amounts paid to the former owners of acquired companies if they achieve certain milestones — with SKr4.2bn...
...Other details about its plan to restructure its $300bn liabilities have been limited....
...Wall and a colleague became directors after A&M was appointed in November by a Cayman Islands court to oversee the liquidation of BPGIC Holdings, the holding company that is the majority owner of Brooge....
...Once you do that, limited liability goes out the window, and a creditor has free rein to claim the assets of a firm owned by the debtor....
...The new owner’s identity was initially cloaked by his limited liability company. The Los Angeles Times revealed a few months after the purchase that Son was the buyer....
...On a day in May this year, the head offices of Tingo Group in Lagos had none of the markers of a global multimillion-dollar technology company....
...Textor’s acquisition of a 90 per cent stake of Botafogo in early 2022 through his company Eagle Football Holdings, along with promises to inject R$400mn ($80mn) of funding, was among the first in a wave...
...The agreement can include a mechanism and process to complete the transfer, details on insurance and when ownership and liability passes from one party to the other....
...Craig Coben is a former global head of equity capital markets at Bank of America and now a managing director at Seda Experts....
...Kaisa was last week subject to a winding-up petition from an investor in Singapore holding mainland debt....
...Looking at the financial statements, it looks to me like SoFi is simply a bank. I don’t mean this in the official or technical sense, though SoFi did become a bank holding company last year....
...And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...Quite a few US regional banks still operate with mismatches between their short-term liabilities and longer-term assets....
...As Ray testified to a House Committee on Financial Services hearing on December 13: “Nothing against QuickBooks. It’s a very nice tool, just not for a multibillion-dollar company.”...
...Yet, as we documented a week ago, the entirety of the Bank of Russia’s euro holdings amount to a little more than €200bn and perhaps one-third of that sits in central bank deposits, not securities holdings...
...Here it is: the Chapter 11 declaration from FTX Trading Limited to the District Court of Delaware. The full statement is well worth your time, as is Kadhim’s backgrounder....
...SVB had parked $91bn in a portfolio of bonds whose market value had fallen to $76bn because of rising interest rates, but it was still holding them at cost on its balance sheet because executives had certified...
...As far as euro holdings are concerned, they would presumably sit in the NCC’s account in Frankfurt, if they have not been sold off to other state-connected companies....
...Capping off the bad year, days before Christmas The New York Times published a report of widespread sexual misconduct at the company. Vice’s irreverence, previously an asset, became a liability....
...As a whole, however, EMs have been a lousy place to park your money in the past decade: This has spooked global investors, leading many to slash EM holdings....
...France’s TotalEnergies has since 2019 invested more than $7bn into Adani’s gas, renewables and green hydrogen businesses, while the United Arab Emirates’ International Holding Company last year invested...
...Russia’s foreign exchange assets are mostly just the flip side of other governments’ liabilities, in particular deposits with western central banks and holdings of their public debt securities....
...It’s also a new MF Global, due to missing customer funds....
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