North America

Results for North America

Suppliers Put Target Canada In The Hot Seat

Target Canada suppliers have a long list of questions they want the insolvent retailer to answer — 61 in all. The questions centre around the timing of the insolvency, declared Jan. 15, the Toronto Star reported. Target is in the process of liquidati ...

Daily Headline - global.abi.org - 03/03/2015 - 21:34 - 0 comments

Trouble In Paradise: Inside Canadian Banks’ Billion-Dollar Caribbean Struggle

Financial institutions are at the epicentre of the financial storm in the Caribbean. Take the case of Sagicor Financial Corp., a leading regional life insurer, based in Barbados. Because the country’s sovereign debt has been downgraded several times, Sag ...

Daily Headline - global.abi.org - 03/02/2015 - 21:38 - 0 comments

Corinthian’s Canadian Subsidiary Files for Bankruptcy

The Canadian subsidiary of embattled for-profit education company Corinthian Colleges Inc. has filed for bankruptcy under Canada’s insolvency law after an Ontario education regulator took action against the company’s 14 Canadian campuses, The Wall Stre ...

Daily Headline - global.abi.org - 02/23/2015 - 21:25 - 0 comments

Laricina Energy Shuts Down Oilsands Project To Save Cash

Cash-strapped private oilsands producer Laricina Energy Ltd. is shutting down its Germain commercial demonstration project and will halt planning on its joint-venture Saleski project as its fruitless search for investment dollars enters its fourth month, ...

Daily Headline - global.abi.org - 02/23/2015 - 21:30 - 0 comments

Davis Polk’s Global Distress Signal | Winter 2015 Issue

Global Distress Signal takes an in-depth look at: Recent developments in U.S. cross-border insolvency cases, including important court decisions that could significantly impact both U.S. and non-U.S. clients and practitioners Emerging trends in g ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:56 - 0 comments - 0 attachments

Privy Council Guidance on Rectification of BVI Share Registers and Service Out

In a recent opinion, the Privy Council has given definitive guidance on the operation of the statutory scheme in the British Virgin Islands (“BVI”) for the rectification of share registers, particularly in the context of applications to serve parties out ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:51 - 0 comments - 0 attachments

KPMG's Insurance Group - Recent Publications - January 2015

At KPMG, we are dedicated to providing our clients with insights on today’s critical business issues. To help keep you up to date, we’re pleased to share with you recent studies, white papers, articles, and multimedia content published by KPMG. Rea ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:45 - 0 comments - 0 attachments

KPMG's Financial Services M&A Digest - January

A year ago, KPMG’s Global Deal Advisory practice made 10 predictions around how mergers and acquisitions (“M&A”) would impact the insurance sector. The time has now come to revisit these and how they have turned out – read more here . Pleasingly, man ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:44 - 0 comments - 0 attachments

Bankruptcy Court Defers to Caesars’ Choice of Venue

On February 2, 2015, Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware held that the venue choice of embattled debtor Caesars Entertainment Operating Company (“CEOC”) was “entitled to just enough deference” to support a finding ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:43 - 0 comments - 0 attachments

Conyers Dill & Pearman - Bulletin - The BVI for Financing of Corporate and Private Aircraft

The British Virgin Islands is becoming an increasingly popular jurisdiction for aviation finance transactions in both the commercial and business jet sectors. Among the reasons for this are the British Virgin Islands’ tax neutral status, its political st ...

Resource Article - twallace@abiwor... - 02/18/2015 - 12:35 - 0 comments - 0 attachments

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