North America

Results for North America

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

Recent Case Underscores Growing Divide on Treatment of Trademark Licenses in Bankruptcy Proceedings, an Issue Ripe for Supreme Court Review

On May 17, 2018, the U.S. Bankruptcy Court for the District of Connecticut held that a trademark licensee retains the right to use licensed trademarks following a debtor-licensor’s rejection of the license. See In re SIMA Int’l, Inc Debtor, No. 17-21761, ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:59 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Cayman Islands AEOI Portal Update - 2018

The statutory deadline for filing CRS and US FATCA reports for the 2017 year of account was 31 May 2018. Notwithstanding this statutory deadline, the Department for International Tax Cooperation (the “DITC”) has issued an industry advisory confirming tha ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:48 - 0 comments - 0 attachments

Société Générale Enters Into First Coordinated Resolution of Foreign Bribery Case by U.S. and French Authorities

5 to conspiracy to violate the U.S. Foreign Corrupt Practices Act’s (“FCPA”) anti-bribery ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:43 - 0 comments - 0 attachments

Cybersecurity and Privacy Watch Blog Update - May 2018

Below are links to a full month’s worth of posts from the Cleary Cybersecurity and Privacy Watch blog. To receive notifications as new articles are posted, please subscribe at here . CONSENT Act: Proposed Legislation a Sign of Potential U.S. ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:39 - 0 comments - 0 attachments

TSX Proposes Amendments to Rules Governing Special Purpose Acquisition Corporations

On May 31, 2018, the Toronto Stock Exchange (TSX) published for comment proposed amendments to the rules relating to special purpose acquisition corporations (SPACs). The proposed amendments would simplify the process of forming and listing a SPAC and co ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:33 - 0 comments - 0 attachments

Mexico's Credit Risk Is the Highest Since Trump's Inauguration

Mexico’s credit risk is at the highest level since the days after Donald Trump’s inauguration. Five-year credit-default swaps that hedge against a drop in the value of Mexico’s sovereign debt have soared as the July 1 presidential election nears, Bloombe ...

Daily Headline - global.abi.org - 06/11/2018 - 23:58 - 0 comments

Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed

The Mexican peso sank to its weakest in more than a year on concern the U.S. may leave the Nafta agreement and try to negotiate two separate free-trade deals with Mexico and Canada, Bloomberg News reported. The currency slid for a fourth day, dropping 1. ...

Daily Headline - global.abi.org - 06/05/2018 - 22:38 - 0 comments

Barbados Braced for Tough Measures to Clear Debt Burden

Barbados must prepare for a long and painful journey back to financial and economic health, after announcing a radical plan to tackle the fourth-biggest debt burden in the world, according to the country’s new premier. The Caribbean island is still reeli ...

Daily Headline - global.abi.org - 06/05/2018 - 22:40 - 0 comments

Birds Eye Owner Took on Additional Debt for Goodfellas Deal

Birds Eye owner Nomad Foods took on additional debt to fund the €225 million acquisition this year of Irish frozen pizza-maker Goodfellas, before receiving the threat of a credit downgrade on Monday after sealing another leveraged deal, the Irish Times ...

Daily Headline - global.abi.org - 06/04/2018 - 23:35 - 0 comments

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