Downgrade fears will deter countries from joining G20 debt relief framework World Bank – WHTC News

By Karin Strohecker LONDON (Reuters) – Fears of credit rating downgrades will deter the world’s poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said. In November, the G20 group of major economies launched a framework designed to streamline a process to help…

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Ukraine adds embezzlement case to PrivatBank dispute; ex-CEO… – Thomson Reuters Foundation

By Natalia Zinets KYIV, Feb 23 (Reuters) – Ukraine listed the former CEO of its largest bank and two other top former managers on Tuesday as suspects in an embezzlement case, the first criminal case opened in a long-running dispute over the bank whose nationalisation dominates domestic politics. The fate of PrivatBank has overshadowed Ukraine’s…

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Monthly corporate and individual insolvency statistics (January 2021) R3 response – Bdaily

Member Article Corporate insolvencies decreased by 39.1% to 752 in January 2021 compared to December 2020s figure of 1,235, and were 50.4% lower than January 2020s figure of 1,515. Personal insolvencies decreased by 13.7% to 8,305 in January 2021 compared to December 2020s figure of 9,623, and were 20.8% lower than January 2020s figure of…

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The changes in insolvency & restructuring rules that could catch out Australian businesses – DynamicBusiness

Directors no longer have the protection of the COVID Safe Harbour insolvency rules put in place to deal with the impact of the pandemic. These rules, which absolved directors from personal liability if their businesses traded while insolvent, have been replaced by legislation that includes a new, streamlined SME restructuring process that came into force…

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