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Headlines
Brazil's Raizen Secures $12.6 Billion Out-of-Court Debt Restructuring Deal
Brazilian sugar and ethanol producer Raizen said on Wednesday that it had reached an out-of-court agreement with creditors and bondholders to restructure approximately 65.1 billion reais ($12.61 billion) in debt obligations,…
High Interest Rates Drive Wave of Bankruptcy Protection Requests in Brazil
Brazil has seen an increase in the volume of judicial restructurings, including those involving large business groups, BNAmericas.com reported. The number of companies in Brazil under bankruptcy protection reached 5.680 at the…
Boss of Collapsed £2 Billion ‘Shadow Bank’ Accused of Stealing Money from Lender
The boss of a collapsed £2bn shadow bank has been accused of using a network of fake companies to steal money from the company’s creditors, The Telegraph reported. Paresh Raja, the founder of Market Financial Solutions (MFS) is…