Bermuda

Afiniti to Exit Bankruptcy, Vows to Expand Its Portfolio

Afiniti is set to exit chapter 15 bankruptcy following court approvals of a recapitalization transaction, CXToday.com reported. The company secured the transaction by working with lenders led by Vista Credit Partners and The Resource Group International Ltd., a significant shareholder. By doing so, Afiniti has bounced back from bankruptcy quickly, which it filed with the Delaware courts on November 3, 2024. That filing ensured protection from the U.S. courts as the contact center AI vendor evaluated how to pay back the money it owed, inside and outside the country.
Bermuda
United States
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Crypto Companies, Including DEXs, Look to Bermuda in Regulations Race

As crypto and DeFi both accelerate, the immediate need for adequate regulations is becoming more apparent, and more challenging. For innovative financial technologies, often the best solution is to find jurisdictions that offer sophisticated and forward-thinking regulatory frameworks, TheStreet.com reported. This concept has worked wonders for Singapore, Hong Kong, and Dubai, but now it’s the Bermuda Monetary Authority (GMA) that is attracting cutting-edge blockchain businesses.
Bermuda
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Afiniti Files for Chapter 15 Bankruptcy in the U.S.

Bermudian-domiciled artificial intelligence firm Afiniti Ltd, which once said it would bring 1,000 jobs to the island, filed for Chapter 15 bankruptcy recognition in the U.S., the Royal Gazette reported. “We are continuing to make progress on our balance sheet restructuring, which will strengthen our financial foundation and position us well for future growth and success,” said Hassan Afzal, Afiniti’s chief executive.
Bermuda
United States
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