Treat Insolvency Rules as ‘a complete code’ for payment of statutory interest, rules Court of Appeal – Out-Law.com

The Court of Appeal has dismissed the application of representative creditors regarding the distribution of a surplus of LBIE’s estate and their entitlement to statutory interest for periods after the administration starting. This decision is the latest in the series of the Waterfall proceedings which relate to the administration of Lehman’s European business, LBIE. Upon…

Alleged Drug Kingpin Leads Venezuela’s Debt Restructuring Effort – Fox Business

CARACAS, Venezuela — Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin. Continue Reading Below As the country runs out of cash, Venezuelan President Nicolás Maduro last week…

Casino mogul blames booze and ‘fatigue’ for contested $3 million poker loss – Washington Post

EXCLUSIVE: Casino Owner Says He Was Tired, Drunk When He Lost $3M In Controversial Poker Game https://t.co/pNJefyRO9e pic.twitter.com/lMRtbSsZSJ CardPlayer (@CardPlayerMedia) November 9, 2017 In the early hours of May 27, two of professional gamblings big names sat down for a private, high-stakes poker match. The setting was the Ivey Room, a posh enclave in the Aria…