North America

Results for North America

Fairfax Bids $300 Million for Toys R Us's Canada Business

In a related story, the International New York Times reported that Canada's Fairfax Financial Holding has placed a bid of $300 million to buy Toys R Us's Canadian operations in bankruptcy. According to court papers filed late Thursday, the ...

Daily Headline - global.abi.org - 04/22/2018 - 23:18 - 0 comments

Out of Bankruptcy, Seadrill Eyes Closer Ties with Oil Service Firms

Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi- ...

Daily Headline - global.abi.org - 04/18/2018 - 22:57 - 0 comments

IMF Sounds Alarm on Excessive Global Borrowing

The world’s $164tn debt pile is bigger than at the height of the financial crisis a decade ago, the IMF has warned, sounding the alarm on excessive global borrowing, the Financial Times reported. The fund said the private and public sectors urgently ...

Daily Headline - global.abi.org - 04/18/2018 - 23:00 - 0 comments

‘Dr. Debt’ Warns Canadians to Get Financial Houses in Order

to bite and people find it harder to manage. Phone calls were up 5.3 percent in the first quarter ...

Daily Headline - global.abi.org - 04/12/2018 - 21:04 - 0 comments

Oil Major Total Buys Several Assets Located in Gulf of Mexico

asset - which is operated by Chevron - to 32.5 percent. Read more. (Europe, North America) ...

Daily Headline - global.abi.org - 04/11/2018 - 23:38 - 0 comments

Senate Passes Regulatory Relief Bill

On March 14th, the Senate passed a significant regulatory relief bill, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” in a bipartisan 67-to-31 vote. The Bill, if ultimately enacted, would result in the first major revisions to the ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:46 - 0 comments - 0 attachments

The Emerging Markets Restructuring Journal

This sixth issue is special in that it is published in anticipation of the International Bar Association’s Latin American Regional Forum in Mexico City and includes a diverse range of articles reflective of this region. A piece on the Oi restructuring sh ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:43 - 0 comments - 0 attachments

Banro Debt-for-Equity Restructuring Approved by Court

An Ontario court has approved a restructuring plan for beleaguered junior Canadian gold company Banro Corp., paving the way for it to emerge from creditor protection, The Globe and Mail reported. Under the terms approved by the Ontario Superior Court of Justice, holders of US$207.5-million in debt ...

Daily Headline - global.abi.org - 03/29/2018 - 00:35 - 0 comments

Discovery Air in $149 Million Debt, Granted Protection from Creditors

Discovery Air has been granted creditor protection under the federal Companies' Creditors Arrangement Act, which means the company can stay in business and avoid bankruptcy. Protection is granted to companies with more than $5 million in debt, so they can work with their creditors to find a solution and ...

Daily Headline - global.abi.org - 03/27/2018 - 22:40 - 0 comments

Calls for Probe of Mexico State Pension Fund Investment After Reuters Report

pesos ($21.5 million) buying the largest stake in builder ICA (ICA.MX), even after its shares had fallen ...

Daily Headline - global.abi.org - 03/14/2018 - 21:06 - 0 comments

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