Kazakhstan

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Kazakh Banks: Little Time For BTA

Kazakhstan’s state-controlled BTA bank can expect a hostile reception when it meets creditors in London this week to discuss ways to dig itself out of yet another financial hole, the Financial Times beyondbrics blog reported. The bank, Kazakhstan’s t ...

Daily Headline - global.abi.org - 01/09/2012 - 22:38 - 0 comments

BTA Bank Said to Pitch Debt Restructuring Proposal by Year-End

Kazakhstan’s BTA Bank may ask shareholders and creditors to consider its second debt restructuring before year-end, according to two people familiar with the matter, Bloomberg reported. The people didn’t give details of the plan and declined to be identi ...

Daily Headline - global.abi.org - 12/15/2011 - 21:13 - 0 comments

BTA Said to Weigh Debt Overhaul, Capital Boost From Kazakhstan

BTA Bank may ask the Kazakh government to back its second debt restructuring or provide additional state funds to help avert bankruptcy, according to two people with direct knowledge of the matter, Bloomberg reported. BTA may seek a capital injection of ...

Daily Headline - global.abi.org - 12/05/2011 - 21:13 - 0 comments

In re JSC BTA Bank, 434 B.R. 334 (Bankr. S.D.N.Y. 2010)

Mon, 08/23/2010 (All day) Republic of Kazakhstan proceeding. ...

Chapter 15 Case Law - abi_admin - 07/01/2011 - 16:52 - 0 comments - 1 attachment

Restructuring in Kazakhstan

BTA Bank JSC completed the restructuring of approximately US$16,700,000,000 of debt in August 2010 just 16 months after it first defaulted. The restructuring of one of Kazakhstan’s largest financial institutions was protracted and complex due to the di ...

Resource Article - abi_editor - 03/28/2011 - 10:25 - 0 comments - 1 attachment

BTA landmark plan proves success for flexible restructuring regime

Kazakhstan's biggest development in the field of restructuring in 2010 was undoubtedly the Special Financial Court of Almaty's decision to recognise a plan for BTA Bank. In part, the rescue was made possible by the provisions of the Restructuri ...

Resource Article - abi_editor - 03/11/2011 - 11:36 - 0 comments - 0 attachments

International Debt Collections in France

(Asia, Azerbaijan, Belgium, China, Czech Republic, Europe, France, Germany, Hungary, Kazakhstan, North America, Poland, Romania, Russia, Slovakia, Spain, Turkey, Ukraine, United Kingdom, United States) bankruptcy,insolvency,headlines,articles,legis ...

Resource Article - global.abi.org - 08/04/2010 - 16:08 - 0 comments - 1 attachment

Protecting Investments in Challenging Environments: A Guide for Clients prepared by the Salans Global Corporate Group

Welcome to the fifth edition of this publication which has been compiled by the Salans Global Corporate Group comprising experienced lawyers from each of our 22 offices. Previous editions have dealt with: the establishment of companies and partnerships i ...

Resource Article - global.abi.org - 08/04/2010 - 15:45 - 0 comments - 0 attachments

Judge's Ruling Could Beef Up U.S. Role In Foreign Bankruptcies

A Kazakhstan bank's bid to use the U.S. bankruptcy court to halt an overseas legal proceeding could drag the court into disputes in which the U.S. itself has little at stake, Dow Jones Daily Bankruptcy Review reported. Kazakhstan's JSC BTA Bank ...

Daily Headline - global.abi.org - 07/30/2010 - 08:56 - 0 comments

Sberbank Wants Seat On Kazakh Bank Board

Russian state-owned bank Sberbank is seeking a seat on the board of failed Kazakh bank BTA, the head of Kazakhstan's national welfare fund, Kairat Kelimbetov, said on Friday. "The talks are only with Sberbank," Kelimbetov, who also has a s ...

Daily Headline - global.abi.org - 06/21/2010 - 07:54 - 0 comments

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