Caracas: Venezuelan state oil company PDVSA said Monday it restructured 39 percent of its debt in a bond swap, falling short of its goal but giving the struggling firm much-needed breathing room. After extending the sign-up deadline three times and sweetening the deal for creditors, PDVSA announced a swap for $2.8 billion in bonds, extending…
Its been less than two weeks since Crown Resorts senior executive Jason OConnor head of the companys high-roller, or whale business landed in Shanghais Hongqiao Airport in one of the companys fleet of Bombardier aircraft for a short trip that reports say was to collect a multimillion-dollar gambling debt owed to the company. Closer to…
Sheikh Khalifa, the President, on Monday issued the long-awaited new federal bankruptcy law by decree, according to the state news agency Wam. The law, which contains elements of bankruptcy protection laws from jurisdictions including France, Germany and the Netherlands, provides, for the first time, a comprehensive legal framework to help distressed companies avoid bankruptcy and…
St. Paul, Minn., Oct 24, 2016 / 05:19 pm (CNA/EWTN News).- Personal and student debt can slow down or prevent prospective seminarians and aspirants to religious orders from pursuing their vocations, but one organization with national scope aims to change that. The Laboure Society’s work is critical because thousands of discerning men and women are…
Venezuelan state oil company PDVSA said Monday it restructured 39 percent of its debt in a bond swap, falling short of its goal but giving the struggling firm much-needed breathing room. After extending the sign-up deadline three times and sweetening the deal for creditors, PDVSA announced a swap for $2.8 billion in bonds, extending the…
Software company Wynyard Group has been put in voluntary administration. KordaMentha partners Neale Jackson and Grant Graham have been appointed administrators of the company, which creates security software for use by companies and law enforcement agencies. Computer keyboard Photo: 123RF It’s been a difficult year for Wynyard, with its board warning in August that the…
Oil Venezuelan state oil company PDVSA said Monday it restructured 39 percent of its debt in a bond swap, falling short of its goal but giving the struggling firm much-needed breathing room. After extending the sign-up deadline three times and sweetening the deal for creditors, PDVSA announced a swap for $2.8 billion in bonds, extending…
Local tech company Wynyard Group has been placed into voluntary administration. The board of the intelligence software company had been looking at various options including raising additional capital, or drawing on a $10 million loan from major shareholder, Skipton Building Society. But in a statement the board has announced that KordaMentha partners, Neale Jackson and…
Oct 25 Wynyard Group Ltd : * Says it has placed company into voluntary administration * Board considered all available options including potentially raising additional capital and drawing on NZ$10 million loan * Kordamentha partners, Neale Jackson and Grant Graham, have been appointed as administrators of company * Board concluded that neither raising further equity…
Oct. 24, 2016 3:38 p.m. ET Three oil and gas companies reached deals with creditors to quickly slash hundreds of millions of dollars of debt in chapter 11 so they will be ready when energy prices recover. Houston-based oil-well servicer Key Energy Services Inc. KEGX 0.00 % filed for chapter 11 protection Monday, and Basic Energy…