4 crime victim groups to split $2M seized from gambling – Washington Times

SAVANNAH, Ga. (AP) – Four organizations that help victims of crime are splitting $2 million seized from an illegal gambling operation. WTOC-TV reports Chatham County District Attorney Meg Heap was recently notified that her office could distribute the money. The Rape Crisis Center, Coastal Childrens Advocacy Center, Safe Shelter and the Chatham County Family Justice…

G-7 backs extension of debt relief program to fight pandemic – The Mainichi

This May 24, 2016 file photo shows flags of Group of Seven industrialized countries. (Kyodo) TOKYO (Kyodo) — The Group of Seven finance ministers said Friday they will support an extension of an international debt relief program to help poor countries take measures against the coronavirus pandemic. Japanese Finance Minister Taro Aso said China’s involvement…

Pakistani PM calls for additional debt relief measures for developing countries amid COVID-19 – Xinhua | English.news.cn – Xinhua

Video PlayerClose ISLAMABAD, Sept. 26 (Xinhua) — Pakistani Prime Minister Imran Khan called on developed countries and international money lenders to extend and expand debt suspension for developing countries in order to help them recover from the COVID-19 pandemic. Debt relief is one of the best ways to create needed fiscal space for developing countries,…

Restructuring and insolvency practitioners brace for ‘tsunami of insolvencies’ – International Financial Law Review

It quickly became obvious, as countries began to enter into lockdown and many companies were forced to suspend their operations, that a tsunami of insolvencies was likely to follow in those jurisdictions which had been hardest hit by Covid-19, particularly in the event of a second wave of the disease. Some businesses saw their cashflows…