Results for United States
- As Argentina and Hedge Funds Battle, Citigroup Bows Out
The nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup. The bank said on Tuesday that it would shut its custody business in Argentina after a federal judge in New York last week rejected its request t ...
Daily Headline - global.abi.org - 03/17/2015 - 20:49 - 0 comments
- David Drumm Seeks More Time To File Appeal Papers In US
Former Anglo Irish Bank chief executive David Drumm has made an emergency request to a US court seeking more time to file legal papers arguing why it should overturn a ruling blocking a write-off of his debts, the Irish Times reported. Mr Drumm asked ...
Daily Headline - global.abi.org - 03/17/2015 - 20:51 - 0 comments
- Australia's IFM Investors To Pay $5.7 Billion For Indiana Toll Road
Australia's IFM Investors said on Thursday it had agreed to pay $5.73 billion to buy the bankrupt operator of a major U.S. toll road, making its biggest overseas investment, Reuters reported. IFM Investors, which is owned by 30 Australian pension fu ...
Daily Headline - global.abi.org - 03/11/2015 - 22:29 - 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 - 22:25 - 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 - 13:56 - 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 - 13:51 - 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 - 13:43 - 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 - 13:35 - 0 comments - 0 attachments
- Conyers Dill & Pearman - Alert - Submission to jurisdiction and ‘impracticability’ of service
In a recent decision of the BVI Commercial Court in Claim No. BVIHC (COM) 062 of 2014 between JSC VTB Bank -v- Alexander Katunin and Sergey Taruta, the Court determined that the first Defendant submitted to jurisdiction by his conduct, in the face of rep ...
Resource Article - twallace@abiwor... - 02/18/2015 - 13:32 - 0 comments - 0 attachments
- Revised Hart-Scott-Rodino Act Thresholds Announced
The Federal Trade Commission (“FTC”) announced revisions to the Hart-Scott-Rodino (“HSR”) Act filing thresholds on January 15, 2015. The HSR Act requires annual adjustment of the thresholds based on the change in the U.S. gross national product. All thre ...
Resource Article - twallace@abiwor... - 02/18/2015 - 13:12 - 0 comments - 0 attachments