United States

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

Syndicate content