North America

Results for North America

Howai: Insolvency Regulator Coming Soon

Government is one step closer to enacting the Bankruptcy and Insolvency Act of 2007, Finance Minister Larry Howai has said. At present, he said, the state was moving apace to create the Office of the Insolvency Regulator which soon after would be filled ...

Daily Headline - global.abi.org - 09/17/2014 - 22:19 - 0 comments

Canada - China Agreement to Promote and Protect Reciprocal Investment Coming into Force

In a major step to facilitate and grow trade and investment between Canada and the People's Republic of China, the two countries signed a Foreign Investment Promotion and Protection Agreement (FIPA) in September 2012. The FIPA has now been ratified ...

Resource Article - abi_admin - 09/17/2014 - 10:31 - 0 comments - 1 attachment

Algoma Gains Liquidity After Restructuring Plan Approved

Essar Steel Algoma Inc. will have sufficient liquidity to complete capital improvements and buy enough raw materials to get it through the winter after the Ontario Superior Court of Justice approved its restructuring plan, The Globe and Mail reported ...

Daily Headline - global.abi.org - 09/16/2014 - 21:31 - 0 comments

O.E.C.D. Calls for Coordinated Fight Against Corporate Tax Avoidance

Dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent corporations from gaming the international tax system, the Organization for Economic Cooperation and Development said in a report on Tuesday, th ...

Daily Headline - global.abi.org - 09/16/2014 - 21:33 - 0 comments

U.S. Steel’s Canada Unit Files for Creditor Protection

The Canadian unit of U.S. Steel Corp. filed for court protection from creditors to restructure its operations. The steelmaker applied to the Ontario Superior Court today for protection under Canada’s Companies’ Creditors Arrangement Act, U.S. Steel Canad ...

Daily Headline - global.abi.org - 09/16/2014 - 21:35 - 0 comments

Massive Overhaul Of Proposed Bankruptcy Act Insolvency Bill

The proposed changes to Jamaica’s bankruptcy and insolvency law has been overhauled after several deficiencies were pointed out by stakeholders, The Gleaner reported. The bill, which seeks to repeal the existing bankruptcy law and to create new provi ...

Daily Headline - global.abi.org - 09/15/2014 - 21:38 - 0 comments

Dunne Bankruptcy Hearing To Be Heard In December

An application by property developer Sean Dunne to end his US bankruptcy case will be heard by a Connecticut judge at trial in December, the Irish Times reported. Judge Alan Shiff set the trial date for December 3rd in a court filing yesterday. He ha ...

Daily Headline - global.abi.org - 09/11/2014 - 21:43 - 0 comments

UN to Debate Debt Restructuring Reform

On Tuesday September 9 the United Nations General Assembly will meet to debate a new legal framework to serve as a guide for nations restructuring their debt, as is the current case with Argentina, teleSur reported. More than 130 developing countries hav ...

Daily Headline - global.abi.org - 09/08/2014 - 23:06 - 0 comments

Italy Court Upholds U.S. Ruling On Parmalat Damages To Citibank

An Italian court has upheld a ruling by a U.S. court for Italy's Parmalat to pay Citibank $431 million in damages in a case relating to the dairy group's bankruptcy more than 10 years ago, lawyers for the U.S. bank said on Thursday, Reuters rep ...

Daily Headline - global.abi.org - 09/04/2014 - 20:44 - 0 comments

Sovereign Debt Plan Takes On Holdouts

Bond market heavyweights, backed by Washington, have come up with a plan they say should avoid a repeat of the sovereign debt meltdown between Argentina and its holdout creditors, the Financial Times reported. The International Capital Market Associa ...

Daily Headline - global.abi.org - 09/02/2014 - 22:39 - 0 comments

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