Lab-Grown Diamond Maker Lusix Seeks Debt Relief: Report

Lusix, the lab-grown diamond company founded by Israeli billionaire Benny Landa, has asked an Israeli court for protection from creditors under the country’s insolvency law, according to an article in CTech. The move is meant “to consolidate a debt arrangement and set the company on a new path through a merger with another Israeli [lab-grown…

Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation

Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month’s liquidation court hearing in Hong Kong, the first time the Shenzhen-based developer is restructuring its finances since defaulting on US$12 billion of offshore bonds in 2021. The developer offered its creditors several payment options, including new notes denominated in…

Japan’s Police Agency to Launch 1st Probe into Online Casinos Run Overseas; Illicit Gambling Drives Young People into Debt, Shady Jobs

Yomiuri Shimbun file photoThe National Police Agency building The Yomiuri Shimbun 1:00 JST, August 20, 2024 The National Police Agency will launch its first investigation into online casinos that are run overseas. Gambling on such sites has spread rapidly among younger people in Japan, which has led some of them into debt and illicit part-time…