2020 has undoubtedly been a turbulent year but in the Cayman Islands it has also been a year of progress and development. Over the past few years, the jurisdiction, which is already considered a financial hub, boasting judicial and legislative links to the UK and tax neutrality, has worked to refine its regulations, and bolster…
EVERYONE has heard of people being declared bankrupt, but it’s not as simple as just having no money. Reality star Katie Price was declared bankrupt in November 2019 and blew her 45 million fortune and her net worth now stands at less than 1 million. 3 In most jurisdictions people or companies are declared bankrupt…
Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ:GNOG)? Its questionable. Sure, some big changes have happened in the past month, but GNOG stock still looks iffy. Source: 9dream studio / Shutterstock.com Formerly known as Landcadia Holdings II, this special purpose acquisition…
Related Articles The creditors of Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes. The Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firms ongoing restructuring arrangements. Back in July, company creditors had…
HOUSTON, Jan. 25, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company’s balance sheet and…
At meeting held on 25 January 2021 The Board of Bannari Amman Spinning Mills at its meeting held on 25 January 2021 has approved for Corporate Debt Restructuring proposal under the Scheme “Resolution framework for COVID-19 related stress” as per the RBI Circular No.RBl/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dt: 6.8.2020. Powered by Capital Market – Live News (This…
Prime Minister Imran Khan on Monday called for further debt relief for stressed countries amid a surge in the coronavirus pandemic around the world and the detection of the new Covid-19 variants, saying “much more needed to be done” to achieve the sustainable development goals (SDGs) by the 2030 target. Addressing the fourth session of…
The status of homebuyers as a class of financial creditors and their right to initiate the Corporate Insolvency Resolution Process (CIRP) against the builder/developer under the Insolvency and Bankruptcy Code (IBC or Code) had traversed a very long journey which witnessed various legislative amendments and Supreme Court’s decision (Chitra Sharma versus Union of India &…
Business Leading accountancy and business advisory firm Johnston Carmichael has strengthened its restructuring team with the progression of Graeme Bain to an appointment-taking director. Monday, 25th January 2021, 7:00 am Graeme, a licensed insolvency practitioner, joined Johnston Carmichael as a director in 2017, can now be appointed to oversee formal insolvency appointments. His progression comes…
European fund manager Alexander Darwall admits he invested too much in Wirecard, the German fintech company that collapsed after auditors found a multi-billion black hole in its accounts. But he also said that German regulators bear some of the blame for not spotting the fraud sooner, and there are still plenty of unanswered questions about…