Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad and other airlines it partially owned at the time, including Alitalia and Air Berlin, which are both now insolvent, the International New York Times reported on a Reuters story.

Dutch tidal turbines developer Tocardo International BV has filed for insolvency the same day it became official that Canada’s Tribute Resources Inc will not buy out the company, Renewables Now reported. Tocardo has secured a deferral of payment to creditors. A creditors meeting will be held on March 27, 2018. In early August 2017, Canadian energy company Tribute Resources unveiled its intention to buy the 53.5% stake it does not already own in Tocardo and focus on tidal and marine power development. The plan included changing Tribute’s name to Tocardo Energy Inc following the combination.

Embattled billionaire Patrick Drahi sought to shore up the plunging stock price at Altice NV, the phone and cable company weighed down by $50 billion in debt, assuring investors he won’t sell new shares to raise cash, Bloomberg News reported. “Altice confirms that it is not in preparation of a cash raising by means of an equity or equity-linked issuance and has no intention to pursue such action within the group including Altice USA,” the Amsterdam-based company said in a statement published at 12:30 a.m. Monday.

A court in the Netherlands on Thursday decided that two subsidiaries of debt-laden Brazilian phone carrier Oi SA would not start bankruptcy proceedings, the company said in a securities filing. The filing confirmed a Reuters report that Oi Brasil Holdings Coöperatief UA and Portugal Telecom International Finance BV, would remain operating under "suspension of payments" legal status.

A court in the Netherlands on Thursday postponed until Feb. 2 a decision on whether to enforce bankruptcy proceedings against two subsidiaries of phone carrier Oi SA, which is under creditor protection in Brazil, said two sources briefed on the matter who were not authorized to discuss it publicly, Reuters reported. The ruling was expected to be made on Thursday, according to a statement from Oi on Jan. 12. One of the sources said the reasons for the delay were unclear. The second source declined to elaborate.

Spanish police arrested prominent Dutch corporate lawyer Peter Wakkie at Madrid airport on Monday in an investigation into the insolvency of Russian-Spanish telecom firm ZED+, a judicial source said, Reuters reported. A spokesman for Wakkie, who is ZED+'s interim manager, said he could not immediately comment on the arrest at Barajas Airport after a flight from the Netherlands, where the company is domiciled.

ABN Amro Group NV could eliminate more than 1,000 jobs as the Dutch bank ramps up a restructuring plan designed to reduce costs, The Wall Street Journal reported. ABN Amro said Monday in a letter to its works council that it is considering scrapping 975 to 1,375 jobs in the next couple of years, a move that would reduce annual costs by €195 million ($219 million) to €225 million. The bank, which is controlled by the Dutch government, employs around 22,000 people worldwide. The bank had already hinted at job losses when it presented its second-quarter results in August.

A Dutch court has accepted a request by Brazilian phone carrier Oi SA to put one of its Netherlands-based units under protection from creditors, two people with direct knowledge of the situation said on Tuesday, handing creditors a victory as they seek to recoup billions of dollars in losses. According to the sources, who requested anonymity since the matter is confidential, Oi's request for "suspension of payment" in an Amsterdam bankruptcy court allows for an independent trustee to be appointed. The suspension creates a standstill for payments to creditors for companies in the Netherlands.

A unit of distressed debt firm Aurelius Capital Management LP asked a Dutch court on Monday to start bankruptcy proceedings against a Netherlands subsidiary of phone company Oi SA, which last week filed Brazil's largest-ever bankruptcy protection request. Aurelius unit Syzygy Capital Management Ltd owns bonds sold by Oi Brasil Holdings Coöperatief UA, a Netherlands subsidiary of the Brazilian phone company, Aurelius said in a statement on Monday. Oi confirmed the "involuntary bankruptcy" filing by Syzygy in the Dutch court in a statement later on Monday.

In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague-based Permanent Court of Arbitration had no jurisdiction, the Irish Times reported. Former Yukos shareholders said they would appeal the surprise decision, which could impact earlier rulings in Belgium and France that four former shareholders were entitled to seize Russian state assets to compensate them for the loss of the oil giant.