AMC Entertainment Inc. is in talks with Apollo Global Management Inc. and other top creditors over a potential financing deal backed by the cinema chain’s European assets, WSJ Pro Bankruptcy reported. AMC, the world’s largest movie theater company, is negotiating with lenders including Apollo, Davidson Kempner Capital Management LP, and Ares Management Corp. to expand the line of credit available to the company’s U.K.-based Odeon Cinemas Group subsidiary.

The British Property Federation (BPF) has written to the government urging it to overhaul UK insolvency rules, FashionUnited.uk reported. In a letter to corporate responsibility minister Lord Callanan, the group warned that the flexibility of the U.K.’s insolvency framework had led to an “abuse” of CVA processes which disproportionately impacted commercial landlords. A long list of fashion retailers launched CVAs last year, including LK Bennett, Ann Summers, Moss Bros, Clarks, New Look, AllSaints, Bair Group and Monsoon Accessorize.

Danish prosecutors said on Thursday that they had dropped charges against six former Danske Bank employees as part of an investigation into the bank’s involvement in one of the world’s biggest money laundering scandals, Reuters reported. Danske Bank is under investigation in several countries, including the United States, over some 200 billion euros ($246 billion) of suspicious transactions that passed through the bank’s Estonian branch between 2007 and 2015.

The European Union can no longer legally recognise Venezuelan opposition leader Juan Guaido as the country's legitimate head of state after he lost his position as head of parliament, the bloc's 27 governments said on Wednesday, Reuters reported. Guaido is still seen by the United States and Britain as Venezuela's rightful leader following the disputed 2018 re-election of President Nicolas Maduro, and two EU diplomats stressed the EU still did not recognise Maduro as president.

Digital services taxes adopted by India, Italy and Turkey discriminate against U.S. companies and are inconsistent with international tax principles, the U.S. Trade Representative’s office said on Wednesday, paving the way for potential retaliatory tariffs, Reuters reported.

While many have celebrated the start of the New Year filled with hope, one expert believes that 2021 will be difficult for directors, officers, and their advisers due to a projected increase in insolvency claims against them, Insurance Business Magazine reported. “The view from specialists across our network is that while legislative measures… have offered some protection to directors of companies facing financial difficulties, insolvency claims will be a strong driver of D&O risk in 2021,” said Simon Konsta, partner at Clyde & Co. London.