By Reuters Staff 3 Min Read (Adds details, background) PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday. French broadcaster BFM Business reported on Monday that the European Commission…
Speculation recently began to spread that Konami was abandoning its game development divisions, but the publisher insists that’s not true. In an announcement about internal restructuring, Konami divulged plans to dissolvea few of its Production Divisions, leading many to believe the publisher had abandoned gaming-related efforts; according to Konami, though, such speculation is inaccurate. Konami’s…
The pandemic has left corporations like AMC with no option but to go into debt in order to see another day. Angela Weiss/Getty Images One of the biggest debates in Washington, D.C., is about how much debt the government should take on to get the country through the pandemic. On the corporate level, were seeing…
Judge Daniel Schaffer said the Official Receiver now should assess the position. // Debenhams has been wound up by theInsolvency and Companies Court // Judge Daniel Schaffer described Debenhams as a rudderless ship drifting in an ocean of insolvency // It comes after Boohoo confirmed it had bought the Debenhams brand & website for 55m…
A bankruptcy court judge Monday confirmed a liquidation plan for the former Weinstein Co., which filed for Chapter 11 three years ago as disgraced mogul Harvey Weinstein imploded in a sea of sexual abuse and harassment accusations. Weinstein the man is serving a 23-year sentence for rape and assault at a correctional facility in upstate…
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of insolvency against Kolkata-based RP Infosystems as the plea filed by the financial creditor, State Bank of India (SBI), was beyond the limitation period of three years. In its judgment, the NCLAT said that since the insolvency petition moved by SBI in 2019,…
The gambling firm has renegotiated the terms of its senior secured debt notes to postpone their maturity to 2023 on the condition of a higher interest rate. Coderes Creditors Approve Renegotiation of Terms Spanish gambling group Codere SA has received green light by its creditors to renegotiate the terms of its senior secured debt notes.…
By Reuters Staff 3 Min Read (Adds details, background) PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday. French broadcaster BFM Business reported on Monday that the European Commission…
Prime Minister Imran Khan on Monday called for further debt relief for stressed countries amid a surge in the coronavirus pandemic around the world and the detection of the new Covid-19 variants, saying “much more needed to be done” to achieve the sustainable development goals (SDGs) by the 2030 target. Addressing the fourth session of…
Rather than pursue more debt relief to help the developing world weather the COVID-19 crisis, rich countries should provide pandemic-related necessities directly. Debt relief is so imprecise a mechanism that it is as likely to benefit private-sector creditors as it is to help the poor. WASHINGTON, DC The COVID-19 pandemic has spread globally and will…