Pandemic-Related Insolvencies Reveal International Arbitration Issues – Bloomberg Law

The global pandemic has devastated companies large and small, particularly in sectors such as travel, hospitality, and entertainment, but also in the blue-chip domains of manufacturing, retail, and energy. For many businesses, a sharp decline in revenue led to a liquidity crunch severe enough to threaten debt service and raise the specter of bankruptcy. Some…

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Pre-pandemic data show 1 in 8 countries spends more on debt than on education, health and social protection combined UNICEF – UNICEF

FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…

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The Star chasing Asian billionaire who left Australia after blowing $43MILLION on the Gold Coast – Daily Mail

The Star casino is chasing Asian billionaire gambling whale who left Australia after blowing $40MILLION in just three days on the Gold Coast – and STILL hasn’t paid up An Asian billionaire is being sued by Star Gold Coast after failing to pay his debts Well-known gambler opened $40million account and lost it all playing…

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Corporate bankruptcy, insolvency cases may swell. Is Centre ready to tackle them? – The Federal

A year back, the government had placed a moratorium on companies filing appeals because of the pandemic and resultant increase in corporate distress. But this moratorium has ended just last week. And experts now predict a flood of such cases coming before the tribunal. Pic: Pixabay The investigation and resolution of corporate disputes as well…

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St. John’s Episcopal Church, RIP Medical Debt help Floridians pay off medical debt – WTXL ABC 27

St. John’s Episcopal Church took the charitable route in celebration of Lent. Church members like Dr. Don Zorn raised $28,000 dollars to pay off medical debt for Floridians. TALLAHASSEE, Fla. (WTXL) Imagine opening your mailbox to find a letter saying your medical debt has been forgiven. Thanks to St. John’s Episcopal Church and RIP Medical…

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