Global Investment House KSCC signed formal agreements with all its creditors to restructure $1.7 billion of debt after the Kuwaiti investment bank won a U.K. court’s approval and its shareholders agreed to delist stock, Bloomberg reported. The company’s core business will comprise about $3.5 billion of assets under management, investment banking and brokerage businesses, Global said in a statement distributed via the Regulatory News Service today. The majority of non-core investment and real-estate assets will be transferred to a special purpose entity, it said. Global is among Kuwaiti investment companies that are restructuring debt after the value of their assets collapsed and frozen debt markets prevented them from raising new loans following the global financial crisis. The company said Dec. 3 the High Court of Justice of England and Wales sanctioned a so- called “scheme of arrangement” after three creditors declined to approve the debt restructuring. Read more.