Greek PM Alexis Tsipras calls for debt relief, rejects more austerity after Eurostat data – Sydney Morning Herald

Greece’s Prime Minister Alexis Tsipras: “Greece, in this last turn, needs a push forward not backwards.” Photo: AP Greek Prime Minister Alexis Tsipras on Thursday rejected the idea of more austerity measures and called for debt relief instead after the European Commission said Greece’s fiscal performance was better than expected last year. Economic progress has…

Draft statutory instrument for reform of insolvency procedures: alert procedures – International Law Office (registration)

Introduction Alert procedures Introduction On January 28 2015 the minister of justice set up the Rordorf Commission, a ministerial commission to develop and submit draft legislation designed to reform, review and reorganise the rules governing insolvency procedures in Italy. On December 29 2015 the Rordorf Commission completed its proceedings and submitted a draft statutory instrument…

Supreme Court clarifies protection of sick industrial companies – International Law Office (registration)

Introduction Facts Questions of law Decision Comment Introduction Questions around the interplay between the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, the Sick Industrial Companies (Special Provisions) Act 1985, the Recovery of Debts Due to Banks and Financial Institutions Act 1993 and the Companies Act 1956 have frequently arisen…

Fitch Rates Fannie Mae’s Connecticut Ave Securities, Series 2016-C03 – Business Wire (press release)

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned the following ratings and Rating Outlooks to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C03: –$157,758,000 class 1M-1 notes ‘BBB-sf’; Outlook Stable; –$56,342,000 class 1M-2A exchangeable notes ‘BB+sf’; Outlook Stable; –$123,953,000 class 1M-2B exchangeable notes ‘B+’; Outlook Stable; –$180,295,000 class 1M-2 notes ‘B+sf’; Outlook Stable; –$56,342,000 class…