Canada’s Centerra Gold Inc. on Monday said that Kyrgyzstan units Kumtor Gold Co. and Kumtor Operating Co. have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic, Reuters reported. Centerra said that the chapter 11 filing would have no financial or operational impact on it or any other areas of its business, including the Mount Milligan mine in Canada, the Oksut Mine in Turkey and its molybdenum business in North America. Kumtor, Kyrgyzstan’s largest foreign investment project, was operated by Centerra.

Laurentian University is working through its insolvency process, preparing a way to deal with claims against it, including ones before it declared bankruptcy and after, CTVNews.com reported. In its fourth report, the accounting firm Ernst & Young outlined a process for handling financial claims from such parties as the banks, smaller creditors, its unions and former staff. The firm, which is the monitor for the process under the Companies' Creditor Arrangement Act, is seeking court approval of its proposals. With a few exceptions, there would be a deadline of July 30 to make a claim.

Argentine power-plant owner Stoneway Capital Ltd. is discussing borrowing money from the senior bondholders challenging the company’s U.S. bankruptcy filing and pushing to relocate the restructuring to Canada, WSJ Pro Bankruptcy reported. Stoneway, seeking to finance its stay in bankruptcy, is discussing potential loan terms with senior bondholders and junior creditors, as well as potential outside lenders, the company’s lead lawyer, Fred Sosnick, said at a virtual hearing on Friday in the U.S. Bankruptcy Court in New York. The bondholders, including BlackRock Inc.

Board members of the Government Employees’ Retirement System, shortly after convening their regularly scheduled monthly meeting online Thursday, went into executive session. Hours later, members still had not re-emerged online, and it wasn’t clear whether they experienced technical difficulties, the Virgin Islands Daily News reported. GERS Administrator Austin Nibbs could not be reached after the meeting on whether the board reported any information out of the executive session.

The U.S. banned imports of tuna, swordfish and other seafood from a Chinese fishery company, citing evidence of forced labor on its distant-water vessels, the Wall Street Journal reported. U.S. Customs and Border Protection agents will detain shipments containing seafood harvested by China’s Dalian Ocean Fishing Co., officials said, in the latest example of Washington confronting Beijing over human-rights issues.

The U.S. Department of Justice is investigating the market-rattling meltdown of Bill Hwang’s Archegos Capital Management in March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses, Bloomberg News reported. Federal prosecutors in Manhattan sent requests for information to at least some of the banks that dealt with the firm. It’s unclear what potential violations or entities authorities are examining.

Alberta, the province that produces most of Canada’s oil, expects to lift almost all Covid-19 restrictions by July as vaccinations pick up and infections decline, Bloomberg News reported. Outdoor dining will be permitted in restaurants starting next week and hair salons will be allowed to book appointments, Premier Jason Kenney said in a press conference. By the middle of June, gyms will be allowed to reopen and restaurants will be able to serve people indoors. Two weeks after 70% of the population receives a first dose of vaccine, almost all restrictions will be lifted.

Canada's biggest pension managers boosted their investments in the country's major oil sands companies in the first quarter of 2021, raising questions about the funds' recent commitments to greening their portfolios, Reuters reported. The cumulative investment by the country's top five pension funds into the U.S.-listed shares of Canada's top four oil sands producers jumped to $2.4 billion in the first quarter of 2021, up 147% from a year ago, a Reuters analysis of U.S. 13-F filings show.

The Tokyo Olympics, postponed in 2020 during the early days of the Covid-19 pandemic, are facing increasing hurdles in putting on a 2021 show, CNN.com reported. The latest troubling sign for the Summer Games came on Monday when the State Department advised U.S. citizens against traveling to Japan because of a sharp increase in Covid-19 cases. The "Level 4: Do Not Travel" advisory is the highest cautionary level in the department's hierarchy of warnings. It's been more than a year since Americans have paid tourist calls to the nation. Japan has been closed to U.S.