Hints and tips:
...Zambia’s debt restructuring deal with bondholders has been nixed by its Official Creditor Committee because it breached of the ‘comparability of treatment principle’ — where no creditor should receive more...
...A spokesperson for Mashinsky said he and his family still had $44mn of crypto assets frozen with Celsius even after the withdrawals, which he had voluntarily disclosed to the official unsecured creditors...
...court cases Name: Donald J Trump for President, Inc et al v....
...(FT) Democrats suffer Russian hack attack The Democratic National Committee’s computer systems were compromised by hackers linked to the Russian government, in one of the largest known breaches of a US...
...As it happened, eurozone officials decided (whether out of squeamishness, fear, or lack of time) to leave the bonds untouched and that it was a better idea to raid unsecured bank depositors instead....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Again, it was all a bit vague in the courtroom, but one idea seemed to be giving NML et al whatever the backlog of 11 years of payments was, and then paying them at the EBG rate thereafter....
...According to Cassola et al. (2009), banks submitted more aggressive bids in order to make sure that they receive at least a minimum level of liquidity....
International Edition