Hints and tips:
Related Special Reports
...The group is composed of mainstream asset managers and distressed debt hedge funds that hold secured and unsecured debt of Altice France. Bloomberg first reported on the group’s creation....
...Another creditor said that repeated calls to enlarge a Signa Prime creditors’ committee had been ignored....
...Creditors of one of the main companies in René Benko’s Signa Group have alleged it fell into insolvency because of “illicit” financial transactions, not a downturn in the European property market....
...Creditors are struggling to come to terms with the complexity of the 46-year-old Benko’s empire....
...of EG’s audit committee and a member of Asda’s board....
...Arrival owes about £87mn to secured creditors, £2mn to preferential creditors, and a further £102mn to unsecured creditors, the document shows....
...Hundreds of unsecured creditors are expected to recover between 4 per cent and 8 per cent of their debts, or as little as 4p in the pound, according to the administrators’ proposals finalised this week....
...Yet a series of creative financings led by Leiv Synnes, the chief executive parachuted in last year, have kept the company ahead of its creditors....
...“Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia’s interests, but the wider creditor community as a whole,” said a steering committee for the external bondholders...
...In today’s newsletter: Trump’s Spac for Truth Social Altice vs creditors Carvana used car miracle DWAC: the Spac that could save Trump There is one person who holds a trump card in the deal between...
...The committee scrutinised the progress of the Levelling Up Fund, Towns Fund and the UK Shared Prosperity Fund since 2020....
...The petition, filed at the Hong Kong High Court by Ever Credit Limited, involved non-payment of a HK$1.6bn ($204.5mn) loan, plus accrued interest....
...Swati Dhingra, an external member of the bank’s Monetary Policy Committee, was the only person to vote for a reduction in interest rates at the latest meeting last week....
...Hundreds of millions of euros of transfers have occurred in the company before its collapse, which creditors say are unusual....
...The bondholders’ committee said on Monday “it was not for official bilateral creditors to dictate debt terms to other creditors in circumstances where the government has confirmed comparability of treatment...
...Even after a recent uptick, an unsecured bond maturing in July of that year is trading far lower, at less than 50 cents....
...One person involved in the process said landlords and unsecured creditors, who are likely to be wiped out in the restructuring, may welcome Neumann’s appearance simply to shake up a process that has been...
...Judge Lorreta Preska of the US District Court for the Southern District of New York ruled last year that Argentina must pay the record sum to two now-defunct investors that had sued following the Argentine...
...It said its creditor committee commended the Sri Lankan authorities “for their continuous efforts in implementing the reforms necessary for their country’s return to a sustainable path”....
...The committee also complained of “a significant lack of transparency” from government creditors about details of the terms that they offered Sri Lanka....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...Hardika Shah, the founder of Kinara Capital, a non-bank financial company that provides unsecured business loans, said that while the RBI’s measure did not directly affect them as business lenders, it was...
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...Zambia has reached a revised deal to restructure nearly $4bn in US dollar bonds, moving the bankrupt southern Africa nation closer to exiting a years-long default after months of tension between China and...
...This includes any shaping of the standards to emerge from the G20-led Global Sovereign Debt Roundtable, and other attempts at building consensus among creditors and sovereign borrowers....
International Edition