North America

Results for North America

Mexico’s Ahmsa Reaches Exit Accord After 15 Years in Bankruptcy

Altos Hornos de Mexico SA, the steelmaker known as Ahmsa, said it asked a judge to end its 15-year bankruptcy following an agreement with a majority of creditors that calls for repayment of $1.7 billion. Creditors will be called to a meeting to confirm t ...

Daily Headline - global.abi.org - 12/17/2014 - 21:51 - 0 comments

Canada Household Debt Rises to Record High in Third Quarter

A key gauge of household debt in Canada climbed to a record high in the third quarter as Canadians accumulated debt faster than their incomes grew, illustrating what the central bank has deemed the top risk to the domestic financial system, The Wall St ...

Daily Headline - global.abi.org - 12/15/2014 - 23:05 - 0 comments

Focus on Financial Reporting - 2014 Annual Update

We are pleased to provide you with the 2014 edition of KPMG’s Focus on Financial Reporting. This year witnessed one of the most significant changes to financial reporting in a generation with the FASB and the IASB releasing a converged standard on reco ...

Resource Article - abi_admin - 12/15/2014 - 09:46 - 0 comments - 0 attachments

KPMG's Insurance Group – Recent Publications

October/November 2014 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 ...

Resource Article - global.abi.org - 12/15/2014 - 09:25 - 0 comments - 0 attachments

The most significant legal developments from 2014

10% to 5% – the reporting threshold in the United States and many other jurisdictions. • ...

Resource Article - global.abi.org - 12/15/2014 - 10:16 - 0 comments - 0 attachments

"Slipping Away? – Enforceability of Obligations Against Non-Signatories in Private Mergers"

A recent Delaware decision in Cigna provides important guidance on simple yet important steps that buyers of private companies using a merger structure can take to more effectively impose certain post-closing obligations on stockholders who do not sign a ...

Resource Article - abi_admin - 12/15/2014 - 09:38 - 0 comments - 0 attachments

“Reducing a customer’s Accounts Receivable in the zone of Insolvency”

by David CONAWAY Reuters, Bloomberg and Debtwire are all reporting negative financial information about your customer: Bond ratings are downgraded, bond prices are falling, a likely “restructuring” to address the bond debt is on the way, bondholder ...

Resource Article - global.abi.org - 12/15/2014 - 09:36 - 0 comments - 1 attachment

KPMG's Transforming Insurance: Securing competitive advantage

Securing competitive advantage The insurance industry is at an inflection point. Digital technology is transforming the way companies do business, impacting the entire value chain. However, our recent research found an industry still struggling to ...

Resource Article - global.abi.org - 12/15/2014 - 09:28 - 0 comments - 0 attachments

Suntech Chapter 15: Moving COMI and Establishing Jurisdiction Held Legitimate and Not Improper Manipulation

The United States Bankruptcy Court for the Southern District of New York (Bernstein, J.), following a trial, granted recognition to the Chapter 15 case application filed by the Cayman Joint Provisional Liquidators (“JPLs”) of Suntech Power Holdings Co., ...

Resource Article - abi_admin - 12/12/2014 - 11:45 - 0 comments - 1 attachment

Before the Clouds Roll In – Advantages of Board Actions on a “Clear Day”

In its landmark 1971 Chris-Craft decision, the Delaware Supreme Court observed that “inequitable action does not become permissible simply because it is legally possible.” This quote aptly captures the two-stage inquiry that Delaware courts will appl ...

Resource Article - abi_admin - 12/12/2014 - 09:30 - 0 comments - 0 attachments

Syndicate content