Hong Kong

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Noble Group Shares Routed as S&P Flags Risk of Possible Default

Noble Group Ltd.’s crisis deepened on Tuesday after S&P Global Ratings flagged the risk that the embattled commodity trader may default on its debt, triggering a 36-minute plunge in the company’s shares, an exchange query, and a trading halt ahead of ...

Daily Headline - global.abi.org - 05/23/2017 - 00:04 - 0 comments

Hong Kong Court Hears Moody's Appeal Over 'Red Flags' Report

Hong Kong's Court of Appeal on Wednesday began hearing Moody's appeal against a tribunal decision that partly upheld regulatory action imposed on it for a report on Chinese firms, in what is considered a landmark case for the financial centre. ...

Daily Headline - global.abi.org - 01/11/2017 - 00:26 - 0 comments

Hong Kong Losing Status As China’s ‘Great Mall’

Kingdom Jewellery is trying to stand out among the eerily quiet luxury stores in Hong Kong’s Causeway Bay, once the world’s most expensive shopping district in terms of rents. But while it has hung signs promoting a “crazy sale” and payment by instalment ...

Daily Headline - global.abi.org - 09/11/2016 - 20:36 - 0 comments

Hacked Bitcoin Exchange’s Clients to Take 36% Loss

Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit, the In ...

Daily Headline - global.abi.org - 08/07/2016 - 21:46 - 0 comments

Kaisa Seeks U.S. Bankruptcy Court Aid in Hong Kong Restructuring

Kaisa Group Holdings Ltd., which last year became the first Chinese real estate developer to default on dollar bonds, is seeking to use U.S. bankruptcy law to help its debt reorganization in a Hong Kong court, Bloomberg News reported. The Shenzhen, China ...

Daily Headline - global.abi.org - 05/05/2016 - 20:47 - 0 comments

McAleese In Exclusive Talks With Hong Kong's SC Lowy Over Debt Restructure

McAleese has started exclusive negotiations with Hong Kong-based hedge fund SC Lowy over a financial restructuring and extended its trading suspension for another month, The Sydney Morning Herald reported. The troubled transport group received three ...

Daily Headline - global.abi.org - 03/30/2016 - 22:14 - 0 comments

Mongolian Mining Loan Nonpayment Triggers Cross-Default on Bonds

Mongolian Mining Corp. didn’t make principal and interest payments on a $200 million loan facility and wasn’t able to get a temporary waiver from banks, triggering a cross-default on its bonds, Bloomberg News reported. The miner failed to make the paymen ...

Daily Headline - global.abi.org - 03/23/2016 - 21:40 - 0 comments

Conyers Dill & Pearman - Alert - Hong Kong Court of Final Appeal Considers Sufficient Connection to Wind Up a BVI Company on the Just and Equitable Basis

The Hong Kong Court of Final Appeal has given judgment in the Yung Kee restaurant case, a dispute between brothers concerning the operation of a well-known restaurant, club and building in Hong Kong which was owned indirectly through a typical corporate ...

Resource Article - twallace@abiwor... - 01/29/2016 - 12:53 - 0 comments - 0 attachments

International arbitration report - October 2015

In this issue we discuss the Comprehensive Economic and Trade Agreement between Canada and the EU, which is being negotiated during a period of increased debate about the merits of investment treaty dispute settlement mechanisms. Our interview is with Li ...

Resource Article - abi_admin - 10/28/2015 - 11:14 - 0 comments - 0 attachments

Banks in Hong Kong Post Drop in Overseas Loans

Overseas loans by banks in Hong Kong fell significantly for the first time in more than four years in August, the month China surprised the world by devaluing its currency and effectively making loans at home much cheaper, The Wall Street Journal rep ...

Daily Headline - global.abi.org - 10/06/2015 - 21:55 - 0 comments

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