Farmers of color are set to get unprecedented help this month. The U.S. Department of Agriculture plans $4 billion in debt relief as part of the latest pandemic stimulus package. The debt relief is designed to address a well-established history of discrimination against Black, Indigenous and other farmers of color. Studies going back to the…
As part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive. The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in…
Author: Toshiro Nishizawa, University of Tokyo The G20 recently extended its Debt Service Suspension Initiative (DSSI) for the rest of 2021, reflecting the severity of liquidity shortages facing the worlds poorest countries due to the COVID-19 pandemic. But it is only a temporary measure. A Common Framework for Debt Treatments beyond the DSSI endorsed by…
MUMBAI : Financial creditors may realise 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of…
The Insolvency and Bankruptcy Code, 2016, came into effect in August 2016 but for Part III of the Code that related to insolvency and bankruptcy of individuals including personal guarantors to the corporate debtor. In November 2019, the government notified that Part III of the Code would come into effect from 1 December 2019. Before…
{{featured_button_text}} Clint Walker SULLIVAN Recipients of the 2021 Redskin Achievement Award were recently announced prior to Decision Day at the Sullivan High School gymnasium. Recipients of this years annual award are juniors: Joann Mathias, daughter of Elizabeth and Michael Mathias, and Ryan Villalobos, son of Michelle Villalobos. Representing the Class of 1968, the originators of…
A major Dubai property investment fund is in the spotlight after its lenders blocked a debt restructuring plan and raised “serious concerns” about its transparency and governance. Dubai-based Emirates REIT was forced to withdraw a restructuring proposal for its $400 million dollar Islamic bond after a rare campaign of investor activism something not commonly seen…
MINNEAPOLIS General Mills, Inc. is restructuring its business structure to capitalize on opportunities around digital, data and technology, and e-commerce, according to the company. While the exact details of the restructuring have not been publicly announced, it may entail the elimination of staff and the sale of properties. To be clear, this is not simply…
Education is the single highest-return investment most Americans will make, so getting our system of higher-education finance right is fundamentally important for US households and the economy. A key point in the student-loan debate is that the outcomes of borrowers vary widely. Undeniably, a significant number of borrowers are struggling, and are sympathetic candidates for…
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common. TopicsIBC|IBC resolution|debt resolution Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation…