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Related Special Reports
...The blacklisting process is triggered after a borrower is sued by creditors, such as banks, and then misses a subsequent payment deadline....
...Many developers could struggle to generate cash from unfinished projects to repay loans as their properties are pre-sold or have already been pledged to existing creditors....
...“No relief, no predictability, no trust,” he said. As a result, said Russwurm, an increasing number of companies were looking to invest abroad rather than in Germany....
...The Bahamas and Singapore are among the countries that have seen their ambitions undermined as scandals unfold in their territories....
...Sun’s team doctor said the drug had been prescribed to treat a heart condition. Sun was later handed a lengthy ban for a separate doping violation....
...China, once the largest bilateral creditor to developing countries, has stepped back from funding, instead starting to draw back capital as loans come due....
...“In 2010 the share of developing country debt held by private creditors was 46 per cent,” the Guzmán memo notes. “By the end of 2021 it had shot up to 61 per cent.” Yikes....
...Georgieva said she was “deeply grateful for the trust and support” the board had placed in her....
...The restructuring worked because Sunac had an equity buffer and its majority owner, founder and chair Sun Hongbin, was willing to be diluted....
...“On a standalone basis, it is quite large,” said Zerlina Zeng, a senior credit analyst at CreditSights, “but compared to the China trust industry as a whole, it’s not very big.”...
...We have to trust in it and do something as Africans, not wait for someone else.”...
...“Fundamentally, it’s an issue of trust.”...
...But the assessment is now complicated by a fragmented creditor landscape, limited transparency about the stock of official claims and a lack of trust in existing methodologies, which have grown rusty in...
...For that reason, it can often spark another situation with a slightly less fancy moniker: “creditor-on-creditor violence”....
...HNA, a conglomerate that borrowed heavily overseas, was also embroiled in years of delays before a bankruptcy plan was approved by creditors in late 2021....
...The $130mn will be used to buy customer loans from Sun King. And the SPV will then repay the creditors with interest as the customer payments flow in....
...The deal is an example of how countries such as the US and India are responding to a debt crisis in Sri Lanka, which last year became the first Asia-Pacific country in more than two decades to default on...
...Here are three ways to finance the debt relief: First, pony up into the Debt Relief Trust Fund....
...It is no accident that his so-called Muslim ban in the opening days of his presidency excluded wealthy Gulf countries. It should have been called the “poor Muslim countries ban”....
...Elsewhere this week, the group of 56 Commonwealth countries will get their annual moment in the sun — or perhaps rain, given that the gathering is in London in the spring — with a service in Westminster...
...Yet senior officials from the country’s official statistics bureau and the central bank have ruled out the possibility of deflation....
...“We have full trust in the court in St Gallen, after being repeatedly mistreated by the Swiss government and [former] federal prosecutors,” Rihm said....
...Brescia is close to the Lake Garda villa that Signa Holding reportedly rents at a cost of €20,000 a month from a Liechtenstein trust....
...western countries were generally the only creditors....
...Across the country, seasoned twitchers are scanning the skies, calm but vigilant. Suddenly, one of them spots movement in the treetops....
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