North America

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PROBLEMS IN THE CODE: Reimbursement of Fees and Expenses in Chapter 15 Cases

PROBLEMS IN THE CODE: Reimbursement of Fees and Expenses in Chapter 15 Cases (citation: Adam G. Landis and Jeffrey R. Drobish, Reimbursement of Fees and Expenses in Chapter 15 Cases, XXXIII ABI Journal 9, 26-27, 72, September 2014) - Adam G. Landis a ...

Resource Article - abi_editor - 08/29/2014 - 16:51 - 0 comments - 0 attachments

Mexico Looks to Raise Wages

for 2015, a 23% increase from the current 67 pesos ($5.12) in Mexico City and enough to buy a basic ...

Daily Headline - global.abi.org - 08/28/2014 - 21:35 - 0 comments

New Framework For Sovereign Defaults

A group representing more than 400 of the world’s largest banks, investors and debt issuers has agreed a plan for dealing with financially stricken countries and their creditors, in a bid to prevent a repeat of the wrangling that has pushed Argentina int ...

Daily Headline - global.abi.org - 08/28/2014 - 21:36 - 0 comments

Miner Mercator Files For Creditor Protection In U.S., Canada

Small base metals miner Mercator Minerals Ltd said on Tuesday it had filed for protection from its creditors in Canada and the United States, and the Toronto Stock Exchange suspended trading of its shares and began a delisting review, Reuters reported. T ...

Daily Headline - global.abi.org - 08/27/2014 - 21:27 - 0 comments

Argentine Default Bad Test Case for Sovereign Debt Negotiations

Argentina's default three weeks ago, and the ongoing legal battle that led up to it, raises practical, theoretical, and moral questions about the ad hoc process that ensues when a country doesn't repay its creditors, Foreign Policy reported ...

Daily Headline - global.abi.org - 08/25/2014 - 21:58 - 0 comments

Surprise As Dunne Tries To Drop US Bankruptcy Bid

Bust developer Sean Dunne is seeking to withdraw his application for bankruptcy protection in the US, Independent.ie reported. The dramatic and unexpected development came as the businessman claimed he no longer had the resources to fight efforts by NAMA ...

Daily Headline - global.abi.org - 08/24/2014 - 18:45 - 0 comments

Frustrated Judge Scolds Argentina but Does Not Hold It in Contempt

A federal court judge said on Thursday that Argentina’s attempt to skirt one of his rulings was “lawless” but stopped short of finding the country in contempt of court, the International New York Times reported. Exasperated lawyers for a group of New York hedge funds that are seeking more than $1.5 billion in ...

Daily Headline - global.abi.org - 08/21/2014 - 22:49 - 0 comments

Argentina to Pay Bondholders in Local Account to Skirt Ruling

Argentina will send a bill to Congress to authorize the payment of foreign debt in local accounts in a bid to skirt a U.S. court ruling that is blocking payments and caused the nation to default on July 30, Bloomberg News reported. Argentina will seek to ...

Daily Headline - global.abi.org - 08/19/2014 - 21:33 - 0 comments

Argentina Slams US Debt Case Judge Despite Contempt Threat

Argentina came out swinging today against the US judge overseeing its debt default case, in defiance of a threatened contempt order, and disappointed market hopes it might soon restart talks with the hedge funds suing the country, the Irish Times rep ...

Daily Headline - global.abi.org - 08/13/2014 - 22:11 - 0 comments

Bombay, Bowring Under Court Protection While Looking For Solution To Debt Problem

Benix closed its final store in June. The retailers collectively owe about $80-million, including $14.5 ... plan under court supervision. An Ontario Superior Court judge granted a stay until Sept. 5 last week ... other financial covenants with their primary lender, CIBC. The companies also owe $28.5-million to Isacc ...

Daily Headline - global.abi.org - 08/12/2014 - 23:18 - 0 comments

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