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United Arab Emirates
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Defense company Paramount filed for bankruptcy in the U.S. after suffering defeat in a long-running business dispute, Bloomberg reported. The United Arab Emirates-based company, founded by Ivor Ichikowitz in South Africa, filed for chapter 11 Thursday in Delaware. It listed assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million in its bankruptcy petition.
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