North America

Results for North America

Venezuela Ordered To Pay Canadian Miner Rusoro More Than $1.2 Billion

An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion ($1.5 billion Cdn.) for expropriating its gold mines. Venezuela took over ... Vancouver-based mining company more than $1.2 billion ($1.5 billion Cdn.) for expropriating its gold mines. ...

Daily Headline - global.abi.org - 08/23/2016 - 22:52 - 0 comments

CMHC Gave Maple Bank Green Light Before Insolvency

Canada's national housing agency gave Maple Bank GmbH's Canadian branch the green light during a financial review, just one month before the federal banking watchdog seized the company's assets amid a German tax investigation, documents sh ...

Daily Headline - global.abi.org - 08/18/2016 - 22:33 - 0 comments

Pacific Exploration Says Creditors Approve Restructuring Plan

Canadian oil producer Pacific Exploration & Production Corp said on Wednesday it a majority of its creditors approved a restructuring plan, which will help it emerge from bankruptcy, Reuters reported. The company had filed for creditor protection in ...

Daily Headline - global.abi.org - 08/17/2016 - 23:57 - 0 comments

Tervita to Seek New Credit After Debt Restructuring Complete

Tervita Corp., a Canadian provider of waste management services to the oil industry, plans to seek new credit after completing restructuring talks with lenders to slash its C$2.5 billion ($1.9 ... talks with lenders to slash its C$2.5 billion ($1.9 billion) worth of obligations, Bloomberg News ...

Daily Headline - global.abi.org - 08/16/2016 - 22:38 - 0 comments

KPMG's M&A Digest - July 2016

May 5, 2016 – Timbercreek Mortgage Investment Corporation and Timbercreek Senior Mortgage Investment Corporation announced they have entered into an arrangement agreement to combine and create a leading non-bank commercial real estate lender. The company is to be named Timbercreek Financial Corp. ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:08 - 0 comments - 0 attachments

IFRS Breaking News - July 2016

Revenue – Optimizing your transition to the new standard As the effective date of IFRS 15 is fast approaching, one key decision needs to be made soon – how and when to transition to the new standard. Identifying the optimal approach depends on a ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:05 - 0 comments - 0 attachments

LICAT, Evolving Insurance Regulation, Transformation in the industry, IFRS and more

Latest in Insurance June/July 2016 Welcome to the June/July issue of our monthly insurance newsletter. We have a particularly exciting variety of material for you this month starting with our latest global survey – Empowered for the future: Insur ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:04 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Bermuda Upgrades to First Class with the Cape Town Convention

Bermuda Upgrades to First Class with the Cape Town Convention Bermuda is a well-known and respected jurisdiction for financing and registering aircraft. Accordingly, the government of Bermuda recognised that being party to the Convention on Internati ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:03 - 0 comments - 0 attachments

Alert: IRS Issues Proposed Regulations on "Device" and "Active Trade or Business" Rules Under Section 355

IRS Issues Proposed Regulations on “Device” and “Active Trade or Business” Rules Under Section 355 Background and Executive Summary On July 14, 2016, the Internal Revenue Service and the U.S. Treasury Department issued proposed regulations that ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:01 - 0 comments - 0 attachments

Conyers Dill & Pearman – Newsletter – Bermuda Insurance Update – July 2016

Bermuda Insurance Update - July 2016 The first half of 2016 has been a significant period for the Bermuda insurance sector. The enhanced regulatory status of Solvency II has proven beneficial. Major insurance groups have started seeking approval ...

Resource Article - twallace@abiwor... - 08/10/2016 - 11:00 - 0 comments - 0 attachments

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