North America

Results for North America

Westinghouse Reaches Deal to Resolve Bankruptcy

Westinghouse Electric Co LLC, Toshiba Corp's nuclear services business, has made an agreement with its creditors that will clear the company's path out of bankruptcy, according to three people familiar with the matter. The deal will divvy up ca ...

Daily Headline - global.abi.org - 01/17/2018 - 22:56 - 0 comments

Natural Disasters Made 2017 a Year of Record Insurance Losses

That 2017 suffered from more than its fair share of natural catastrophes was known at the time. In the wake of Hurricane Harvey, the streets of Houston, Texas, were submerged under brown floodwater; Hurricane Irma razed buildings to the ground on some Ca ...

Daily Headline - global.abi.org - 01/11/2018 - 23:22 - 0 comments

Seadrill Bondholders Post Cash Deposit for Rival Restructuring

Owners of unsecured bonds in rig firm Seadrill have posted a cash deposit to back an alternative financial restructuring, paving the way for talks with the drilling operator over its future, the two sides said on Monday. Seadrill, once the largest drilli ...

Daily Headline - global.abi.org - 01/08/2018 - 23:08 - 0 comments

Mortgage Bond Market May Get a Boost From New Canadian Rules

banks last year didn’t have government backing. Nearly half the nation’s C$1.5 trillion ($1.2 trillion) ...

Daily Headline - global.abi.org - 01/04/2018 - 21:25 - 0 comments

Book Review: European Insolvency Law: reform and Harmonisation

The European Union’s interest in substantive insolvency led to the adoption of the 2014 Recommendation on preventive proceedings, alleviation of consumer debt and the fresh start through early discharge. This work is the report of the Leeds Law School st ...

Resource Article - twallace@abiwor... - 01/04/2018 - 15:42 - 0 comments - 1 attachment

Tocardo Falls Into Receivership After Failed Buyout by Tribute

buy the 53.5% stake it does not already own in Tocardo and focus on tidal and marine power ... been unable to reach an agreement. It also noted that it will continue to hold the 46.5% stake it ...

Daily Headline - global.abi.org - 01/03/2018 - 23:12 - 0 comments

Deal Making Declines for Second Consecutive Year in Mexico

totaled $23.7 billion in dollar terms, a decrease of 5 percent from 2016, according to data compiled by ...

Daily Headline - abi_admin - 12/27/2017 - 22:46 - 0 comments

Bahamas Developer Claims Huge Chinese Fraud at $3.9 Billion Resort

China Construction America Inc. was accused in a lawsuit of ripping off the original developer of the long-delayed $3.9 billion Baha Mar resort in the Bahamas by submitting fraudulent bills and collecting undeserved fees, Bloomberg News reported. BML Pro ...

Daily Headline - abi_admin - 12/26/2017 - 22:30 - 0 comments

Canadian GDP Stalls; Undercutting Outlook for Rate Increase

missed market expectations of 0.2 percent growth, according to economists at Royal Bank of Canada. On a ...

Daily Headline - abi_admin - 12/27/2017 - 22:46 - 0 comments

Limited Partnership Act (British Virgin Islands) Enacted

We are pleased to announce the enactment of the new Limited Partnership Act (British Virgin Islands) (“LPA”). The LPA represents the culmination of the efforts of fourteen (14) lawyers from eight (8) British Virgin Islands law firms to create a state of ...

Resource Article - twallace@abiwor... - 12/21/2017 - 10:26 - 0 comments - 1 attachment

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