North America

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GLG Life Tech Corporation Announces Major Milestone in Its Debt Restructuring Progress

GLG Life Tech Corporation (GLG) (“GLG” or the “Company”), a global leader in the agricultural and commercial development of high-quality zero-calorie natural sweeteners, is pleased to announce today that it has reached a pivotal milestone in its efforts ...

Daily Headline - global.abi.org - 07/24/2018 - 02:53 - 0 comments

Burry’s Shipyard Made Notice of Intention Under Bankruptcy and Insolvency Act

Burry’s Shipyard has filed for protection under the Bankruptcy and Insolvency Act. The Clarenville business filed a notice of intention (NOI) to make a proposal under subsection 50.4(1) of the BIA on July 10, The Telegram reported. Deloitte Restructuring ...

Daily Headline - global.abi.org - 07/19/2018 - 22:17 - 0 comments

Canadian Regulators Impose Penalties on Former Executives of Bankrupt Sino-Forest

filed for bankruptcy in 2012. The regulator also ordered him to pay C$5 million in penalties. The ...

Daily Headline - global.abi.org - 07/12/2018 - 01:21 - 0 comments

Cleary Enforcement Watch Blog Update - June 2018

Below are links to a full month’s worth of posts from the Cleary Enforcement Watch blog. To receive notifications as new articles are posted, please subscribe here . Recent District Court Decision on Applicability of FOIA to Siemens FCPA Moni ...

Resource Article - twallace@abiwor... - 07/10/2018 - 16:29 - 0 comments - 0 attachments

Agencies Propose 2019 Resolution Plan Guidance for U.S. G-SIBs

Today, the Federal Reserve and the FDIC announced they are seeking public comment on revised resolution plan guidance (the “Proposed Guidance”) for the eight largest, most complex U.S. banks. The Proposed Guidance would apply beginning with the July 1, 2 ...

Resource Article - twallace@abiwor... - 07/10/2018 - 16:22 - 0 comments - 0 attachments

Bank of Canada’s Expected Hike Is Six Months in Making for Poloz

Stephen Poloz can’t hold off raising interest rates any longer. Economists are predicting the Bank of Canada governor will resume tightening policy this Wednesday in what would be the first increase in borrowing costs since January, Bloomberg News report ...

Daily Headline - global.abi.org - 07/09/2018 - 22:15 - 0 comments

Barbados Creditors Gear Up For Likely Debt Restructuring

Barbados' creditors are gearing up for debt restructuring talks as the government advances discussions with the IMF over a potential financing package, LatinFinance reported. Newly-elected Prime Minister Mia Mottley and her administration, along wit ...

Daily Headline - global.abi.org - 07/08/2018 - 22:19 - 0 comments

Seadrill CEO Sees Consolidation Speeding Up Drilling Market Recovery

Consolidation among smaller offshore oil rig companies would help to boost a recovery in the drilling market, the CEO of offshore rig firm Seadrill said on Tuesday, a day after it emerged from Chapter 11 bankruptcy proceedings, Reuters reported. Seadrill ...

Daily Headline - global.abi.org - 07/04/2018 - 22:14 - 0 comments

Seadrill Emerges From Chapter 11 Bankruptcy

such firms as Seadrill. To reduce its debts, the company pushed forward maturities of $5.7 billion bank ...

Daily Headline - global.abi.org - 07/02/2018 - 23:09 - 0 comments

Four Seasons Owner Says Unable to Pay Coupons on 525 Million Pounds of Company Debt

Coupons on 525 million pounds ($701.40 million) of debt underpinned by retirement home operator Four Seasons will not be paid, the issuers of the notes said on Wednesday. The owners of Four Seasons recently agreed a deal with investment firm H/2 Capital ...

Daily Headline - global.abi.org - 06/13/2018 - 23:42 - 0 comments

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