Hints and tips:
...FTX and its debtors have announced a global settlement to maximise asset recoveries and reconcile claims, following the crypto exchange’s collapse in November last year....
...As always, email me your thoughts at scott.chipolina@ft.com. Weekly highlights Earlier this week failed crypto exchange FTX settled with its debtors after its collapse in November last year....
...In a dive bar — once common but now rare — a Manchester DJ rounded off his set with The Pogues’ “Fairytale of New York”....
...As always, email me your thoughts at scott.chipolina@ft.com....
...If there is a dispute over whether security has been perfected, a settlement may be agreed or in a worst-case scenario the debtor may sue the creditor....
...In a statement published on Tuesday, the Bahamian regulator said US FTX debtors “do not appear to be concerned with facts but rather, appear intended only to make headlines and advance questionable agendas...
...The regulator also noted insufficient detail on the nature of Binance US’s business operations after the proposed acquisition, as well as how the debtors intended to secure customer assets....
...“FTX US’s bid maximises value and minimises the remaining duration of the company’s restructuring by providing a clear path forward for the debtors to consummate a Chapter 11 plan and return value to their...
...“With many creditors seeking to enforce their rights to collect on the debtor’s outstanding debt obligations, the risk increased that the debtor would dissipate it assets without consideration of each individual...
...Voyager on Sunday said Bankman-Fried’s Alameda and FTX violated obligations to debtors and the court by making its proposal public, and said it “reserves all rights and remedies against Alameda [and] FTX...
...A brilliant study of China’s secretive loan contracts by Anna Gelpern, Sebastian Horn, Scott Morris, Brad Parks and Christoph Trebesch highlights clauses that would appear objectionable to many observers...
...Scott Morris, senior fellow at the Center for Global Development, said the report’s findings were “clearly at odds” with China’s commitments under the G20 agreements....
...The technology investing venture marks a departure from the New York firm’s longtime strategy of pursuing aggressive public campaigns against public companies and delinquent debtors....
...“For companies with a March year-end where we have to count stock in shops and warehouses it will be almost impossible,” said Scott Knight, head of audit and assurance at BDO....
...“Normally these guys would get out of Dodge City at the first sign of trouble in the debtor country....
...overall reform bill that the drafters – led by Chris Dodd and Barney Frank, the Democrats who later lent their name to the law – were forced to abandon the levy to win the support of Republican senator Scott...
...In this splendid follow-up, Tom Hawkins has survived the rigours of the debtors’ prison, but bad luck again dogs his footsteps when he is found guilty of murder....
...Among those that bowed out in 2012 were Scott Thompson, who resigned as chief executive at Yahoo, driven by New York activist hedge fund manager Daniel Loeb at Third Point, while Bill Ackman, founder of...
...Tom Hawkins has been enjoying the fleshpots, luxuriating in a world of brothels and gambling dens, but he is about to enter the debtors’ prison, Marshalsea, where dark forces reign....
...Our direct negotiations, often long and arduous, led to mutually satisfactory restructurings of debtors’ financial obligations, in part because they required debtors to include strong legal protections in...
...“Stakeholders would want to ensure they are getting the highest possible value so they would want the debtor to look at alternatives to a standalone plan,” Mr Resnick said on Wednesday....
...Debtors are made bankrupt, not thrown into prison.” The tethers on the wealthy and successful, in other words, are much weaker than in the past....
...Scott Hill, ICE’s chief financial officer, said at the same time that the company wanted to extend its offering beyond Europe and Latin America....
...Philip Chevron’s inter-scene music performed by the cast also shows verve, as befits a stalwart of the Pogues, but it feels bolted on....
...Comment, analysis, and other offerings from Wednesday’s FT, Martin Wolf: Creditors can huff but they need debtors Blessed are the creditors, for they shall inherit the earth....
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