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…
DetailsRather 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…
Details2020 has undoubtedly been a turbulent year but in the Cayman Islands it has also been a year of progress and development. Over the past few years, the jurisdiction, which is already considered a financial hub, boasting judicial and legislative links to the UK and tax neutrality, has worked to refine its regulations, and bolster…
DetailsEVERYONE has heard of people being declared bankrupt, but it’s not as simple as just having no money. Reality star Katie Price was declared bankrupt in November 2019 and blew her 45 million fortune and her net worth now stands at less than 1 million. 3 In most jurisdictions people or companies are declared bankrupt…
DetailsHolding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ:GNOG)? Its questionable. Sure, some big changes have happened in the past month, but GNOG stock still looks iffy. Source: 9dream studio / Shutterstock.com Formerly known as Landcadia Holdings II, this special purpose acquisition…
DetailsRelated Articles The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firms ongoing restructuring arrangements. Back in July, company creditors had…
DetailsHOUSTON, Jan. 25, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company’s balance sheet and…
DetailsAt meeting held on 25 January 2021 The Board of Bannari Amman Spinning Mills at its meeting held on 25 January 2021 has approved for Corporate Debt Restructuring proposal under the Scheme “Resolution framework for COVID-19 related stress” as per the RBI Circular No.RBl/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dt: 6.8.2020. Powered by Capital Market – Live News (This…
DetailsPrime 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…
DetailsThe status of homebuyers as a class of financial creditors and their right to initiate the Corporate Insolvency Resolution Process (CIRP) against the builder/developer under the Insolvency and Bankruptcy Code (IBC or Code) had traversed a very long journey which witnessed various legislative amendments and Supreme Court’s decision (Chitra Sharma versus Union of India &…
Details