Insolvency rules are not to blame for the CHCH TV restructuring case that has left former employees of the broadcaster without severance pay, according to a Toronto lawyer who says it is instead corporate law policies that should be reviewed in light of that situation. As Canadian Lawyer InHouse reported in December, Channel Zero Inc., the…
Flickr/MorganDoing nothing Dodd-Frank was really meant to prevent bond traders from earning a million dollars. It has been successful, but as an unintended consequence, it has reduced liquidity. Now the SEC is regulating mutual funds even more to address the liquidity problems. If the regulations work, they are declared a success and they write more…
Lechelle Yates, WFMY 4:23 PM. EST March 16, 2016 “If you have more than $5000 in credit card debt, you have the right to settle debt.” That statement made in a debt help commercial will get your attention. It sure made all of us in the 2 Wants to Know office stop and say, “What?”…
Share this: The former majority shareholder in Bulgarias insolvent Corporate Commercial Bank (CCB), Tsvetan Vassilev, has filed an application to receive Serbian citizenship, public broadcaster Bulgarian National Television (BNT) said on March 16. The report, which came on the day that Vassilev faced a court hearing in Belgrade on the request to extradite him to…
Elaine Florentino, 23, graduated from Bentley University in 2014 with a degree in accounting and again in 2015 with a masters in taxation. Along with her two degrees, she took home about $57,000 in student loan debt. Florentino, who lives in Boston, Massachusetts with her 5-year-old son Elijah, is in a unique position when it…
(Recasts to focus on timetable, liquidity needs) By Jose Elías Rodríguez Struggling energy and engineering firm Abengoa will probably have to ask a court for more time to get lenders to back its debt restructuring, as its race to avoid becoming Spain’s first ever bankruptcy goes down to the wire. The company said on Wednesday…
03/16/2016 - 15h43 Tweet The more level-headed of those occupants of the Planalto Palace, the seat of the Brazilian government, admit that Luiz Inácio Lula da Silva’s return to government is the last card Dilma Rousseff can play to…
Abengoa SA lined up international investors including Elliott Management Corp., KKR Co. LP and Oak Hill Advisors LP to inject as much as 1.8 billion euros ($2 billion) of new liquidity to help the renewable energy producer avoid insolvency. The investing companies together with Attestor Capital LLP, Centerbridge Partners LP, D.E. Shaw & Co. and…
Property developer Luke Saraceni is suing the Commonwealth Bank for wrongfully putting his Raine Square project into receivership. Picture: Megan Powell /The West Australian Raine Square tower, more than any other skyscraper in the city, encapsulated the aspirations of boom-time WA. Lording broodily over one of the richest cities on earth, the tower was a…
Argentina lawmakers back debt settlement deal 16 March 2016 From the section Latin America & Caribbean Image copyright EPA Image caption Protesters voiced their opposition to the deal outside Congress, but lawmakers voted in favour Argentina’s lower house of Congress has approved a repayment deal which aims to put an end to a 14-year battle…