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    Gigante de las telecomunicaciones comienza la reorganización judicial más grande de Brasil
    2016-07-18

    El 20 de junio de 2016 Oi SA, la cuarta empresa brasileña de telecomunicaciones, con sede en Río de Janeiro, presentó la solicitud de reorganización judicial más grande en la historia de Brasil, tras el colapso de negociaciones con acreedores para reestructurar deuda. La solicitud de Oi y sus seis subsidiarias comprenden en total una deuda de 65.4 billones de reales (USD19.26 billones). La empresa también solicitó la protección Chapter 15 en los EE.UU.

    Filed under:
    Brazil, Insolvency & Restructuring, Telecoms, DAC Beachcroft, Share (finance), Commercial bank, Shareholder, Broadband, Investment banking, Stock exchange, Cashflow, Trustee
    Authors:
    Anthony Menzies , Jorge Salgado-González
    Location:
    Brazil
    Firm:
    DAC Beachcroft
    Serbia: amendments to the Insolvency Act
    2014-08-31

    As of mid-August 2014, the Serbian Insolvency Act applies in its amended form.

    Filed under:
    Serbia, Insolvency & Restructuring, BDK Advokati, Commercial bank, Debtor
    Location:
    Serbia
    Firm:
    BDK Advokati
    Determining termination values under the GMRA - avoiding the banana skins
    2008-10-14

    Introduction

    Following the administration proceedings recently instituted against a number of UK entities (Affected Companies), many counterparties (Counterparties) may wish to terminate transactions under the TBMA/ISMA Global Master Repurchase Agreement (GMRA) entered into between them and Affected Companies.

    Filed under:
    United Kingdom, Capital Markets, Insolvency & Restructuring, Norton Rose Fulbright, Commercial bank, Costs in English law, Security (finance), Margin (finance), Good faith, Default (finance), Valuation (finance)
    Location:
    United Kingdom
    Firm:
    Norton Rose Fulbright
    Bank of the Ozarks assumes all of the deposits of Unity National Bank
    2010-03-27

    On Friday, the OCC closed Unity National Bank, headquartered in Cartersville, Georgia, and the FDIC was named receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Commercial bank, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Charterbank assumes all of the deposits of McIntosh Commercial Bank
    2010-03-27

    On Friday, the Georgia Department of Banking and Finance closed McIntosh Commercial Bank, headquartered in Carrollton, Georgia, and the FDIC was named receiver.

    Filed under:
    USA, Georgia, Banking, Insolvency & Restructuring, Alston & Bird LLP, Commercial bank, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Centennial Bank assumes all of the deposits of Key West Bank
    2010-03-27

    On Friday, OTS closed Key West Bank, headquartered in Key West, Florida, and the FDIC was named receiver.

    Filed under:
    USA, Florida, Banking, Insolvency & Restructuring, Alston & Bird LLP, Commercial bank, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    The failing bank scenario: an explanation and suggested analysis for a bank’s board of directors and management
    2010-05-20

     The failure of an FDIC-insured commercial bank, savings association or industrial loan company (collectively referred to as a “bank”) is traumatic and economically devastating to both stakeholders in the institution, as well as the local economy served by that entity.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Venable LLP, Commercial bank, Regulatory compliance, Board of directors, Accounting, Cease and desist, Economy, Balance sheet, Underwriting, Capital requirement, Diversification (finance), Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Venable LLP
    Commercial bank assumes all of the deposits of mainstreet savings bank, fsb
    2010-07-19

    On Friday, the Office of Thrift Supervision closed Mainstreet Savings Bank, FSB, headquartered in Hastings Michigan, and appointed the FDIC [http://www.fdic.gov/bank/individual/failed/mainstsvgs.html] as receiver for the bank.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Commercial bank, Federal Deposit Insurance Corporation (USA), Office of Thrift Supervision
    Authors:
    Anjali Desai
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Asset-based lending: an alternative to restructuring
    2011-04-04

    The turmoi l that rocked many commercial banks during the most recent recession should serve as a warning sign to savvy borrowers that they must be proactive and explore new financing opportunities, not only to address their own credit issues, but also to avoid potential problems with their existing lenders.

    Filed under:
    USA, Banking, Insolvency & Restructuring, McDermott Will & Emery, Commercial bank, Credit (finance)
    Location:
    USA
    Firm:
    McDermott Will & Emery
    Distressed over Eligible Assignees: who's in, who's out in Meridian Sunrise Village
    2014-05-29

    A recent decision out of the U.S. District Court for the Western District of Washington will be of interest to both lenders and borrowers of loans that are expected to be traded. In Meridian Sunrise Village, LLC v.

    Filed under:
    USA, Washington, Banking, Insolvency & Restructuring, Litigation, Reed Smith LLP, Commercial bank, Interest, Hedge funds
    Authors:
    Jonathan F. Korman , Bart Cicuto
    Location:
    USA
    Firm:
    Reed Smith LLP

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