U.S. law firm Akin Gump Strauss Hauer & Feld said it has added partner Tarun Warriar to its special situations and private credit team in Hong Kong, less than a month after losing its restructuring head in the city to rival DLA Piper. Warriar was most recently a managing director at global investment firm Varde…
DetailsFTX has won permission to redact customer names from filings in its bankruptcy case. The ruling, handed down Friday (June 9) in federal court, came after the bankrupt cryptocurrency exchange persuaded a judge that making their names public could put those customers at risk for identity theft or other scams. It is the customers who are…
DetailsNormal text sizeLarger text sizeVery large text size ANZ Bank is keen to invest more capital into the part of the bank that services major domestic and overseas corporations, a sector that is benefiting from market volatility while returns from mortgages are being squeezed by stiff competition. Institutional banking, which deals with large corporate clients,…
DetailsThe insolvency and bankruptcy cases of real estate companies have witnessed steady progress in terms of resolutions despite several complexities involved including troubled homebuyers in large numbers. The possibility of the government bringing in changes to the code to allow resolution depending on the nature of the projects instead of stipulating one rigid framework for…
DetailsInsolvency regulator, IBBI, proposes to stipulate mandatory audit of Insolvency Resolution Process Costs (IRPC) in resolution cases where the assets of the corporate debtor (CD) is in excess of 100 crore. This proposal forms part of the nine new measures that the Insolvency and Bankruptcy Board of India (IBBI) has mooted in a new discussion paper…
DetailsThe NCLT has reportedly rejected the resolution plan of Anirudh Agro Farms for Viceroy Hotels following the expiry of bank guarantees and directed the continuation of the corporate insolvency resolution process (CIRP) and asked the resolution professional to call for fresh bids. According to MoneyControl.com, the tribunal found the plan to be in breach of…
DetailsFood and drink businesses have been on the frontline of supply chain disruption, inflation and rising interest rates. These challenges have taken a toll on M&A in the sector but changed strategies are driving trade and private equity buyers. Nicholas Neveling reports. Few industries have been as directly impacted by inflation, rising interest rates, labour…
DetailsSan Antonio, Texas, headquartered Debt Redemption Texas Debt Relief helps Texans resolve overwhelming credit card and personal loan debt. Their Texas Debt Relief program is designed to settle debt in as little as 24 to 48 months with program payments that are often less than half compared to making combined minimum credit card payments. While…
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DetailsWASHINGTONAmerican Federation of Teachers President Randi Weingarten issued the following statement after President Joe Biden vetoed the GOPs Congressional Review Act resolution that would have canceled student debt relief. The Biden administration has stepped up again, when so many others have failed, to help the millions of borrowers whove had their lives derailed by unsustainable…
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