STX Mumbai is insolvency alone capable of amounting to an anticipatory breach of contract? Maybe, well at least in … – Hellenic Shipping News Worldwide

Background In a recent Singapore Court of Appeal case [1] the claimant supplied bunkers to the defendants ship. The terms of the bunker supply contract required payment within 30 days of delivery. Three days before payment fell due, the claimant demanded immediate payment for the bunkers by close of the same business day. The claimant…

Creditors ‘unlikely’ to be paid back following Kaizuka bar liquidation … – Stuff.co.nz

STACY/SQUIRES/FAIRFAX NZ. Kaizuka Eatery and Garden Bar was issued a full on-licence in March 2014 and operated on the licence for about six months before a visit from council licensing officers. Unsecured creditors will likely be left out of pocket after troubled Christchurch bar Kaizuka entered voluntary liquidation. Kaizuka Limited co-owner Dwayne Vaughan last w… Read the full article at: http://www.stuff.co.nz/business/77698738/Creditors-unlikely-to-be-paid-back-following-Kaizuka-bar-liquidation

Moody’s Changes Probability of Default Rating on Abengoa (ABGB) to ‘Ca-PD/LD’; Outlook Negative – StreetInsider.com

Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here Moody’s Investors Service, (Moody’s) has changed Abengoa S.A.’s (Nasdaq: ABGB) probability of default rating (PDR) to Ca-PD/LD from Ca-PD. Concurrently, the corporate family rating (CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings at Abengoa, Abengoa Finance, S.A.U.…