Chinese Real Estate Developers and Credit Default Swaps: A Risk for Bond Investors

Chinese Real Estate Developers and Credit Default Swaps: A Risk for Bond Investors

Most foreign bond investors who buy large Chinese real estate developers do not have CDS protection. (Bloomberg) [Financial Channel/Comprehensive Report]China’s Credit Default Swap (CDS) is not booming. Despite this, there are still many investors who buy overseas bonds of Chinese real estate developers without the risk of CDS. Once the Chinese real estate is not … Read more

PT Waskita Karya (Persero) Tbk Receives Court Summons for Bankruptcy Lawsuit: Details and Updates

PT Waskita Karya (Persero) Tbk Receives Court Summons for Bankruptcy Lawsuit: Details and Updates

Jakarta – PT Waskita Karya (Persero) Tbk received another court summons for a bankruptcy lawsuit, aka postponement of debt payment obligations (PKPU), which came from five creditors. This letter was received by the Company on August 28, 2023. As quoted from the IDX’s Disclosure of Information, Friday (1/9/2023), these five creditors submitted PKPU applications in … Read more

The Implications of the Restructuring Plan on Goslar and Göttingen: A Galeria Perspective

Status: 03/27/2023 8:30 p.m The creditors of Galeria Karstadt Kaufhof approved a restructuring plan on Monday. Now it is clear: the branches in Goslar and Göttingen will remain. For the employees of the two locations Decision groundbreaking, said ver.di union secretary Marc Jäger. Nevertheless, according to him, positions are to be reduced at both locations. … Read more

Cryptocurrency lender BlockFi files for bankruptcy

American cryptocurrency platform BlockFi announced at the beginning of the bankruptcy proceedings. Both BlockFi Inc. and all eight of its subsidiaries have filed for Chapter 11 bankruptcy protection and corporate restructuring. In parallel, Bermuda-registered BlockFi International Ltd has filed a petition in the country’s supreme court to appoint temporary liquidators for the business under section … Read more

Bruch brewery in Saarbrücken is steering out of its second bankruptcy

Aug 2, 2022 at 2:12 p.m A spirit of optimism at the oldest family business in Saarland : Bruch brewery in Saarbrücken is steering out of its second bankruptcy – 10 images Press conference of the Bruch brewery in Saarbrücken on the subject of insolvency proceedings Photo: Becker Bredel – – Saarbruecken/Freisen The creditors of … Read more

Abengoa’s creditors will study the rescue plan for minorities and Amodio | Companies

Abengoa confirmed this Friday that it had received a non-binding offer to buy the group’s operating subsidiary, Abenewco, from the AbengoaShares platform, together with the Mexican family Amodio, OHL’s first shareholder, and the Hong Kong energy company EPI. In a statement to the CNMV, Abengoa indicates that it has agreed to give instructions for its … Read more

After corona bankruptcy: restart for hairdressing chain Klier | NDR.de – Nachrichten – Lower Saxony

Status: 04/07/2021 3:57 p.m. There is hope of a new start for the insolvent Klier hairdressing chain from Wolfsburg. The creditors have agreed to a restructuring plan, the company announced on Wednesday. Of the previous 8,500 employees, around 6,400 employees could keep their jobs through the restructuring measures, it said. Klier Hair Group GmbH expects … Read more

Assessment date with creditors in court

November 2, 2020 at 9:00 p.m. Paid content: Wuppertal SV : WSV: Appointment with creditors in court <!– <!– – <!– – Ulrich Zerrath directs the insolvency for the WSV. Photo: WZ / Otto Krschak – – Wuppertal On Tuesday, the next step in the insolvency procedure, which the regional soccer league team is allowed … Read more

Open the account and find a surprise income of 2,080 million | Companies

Opening the bank account and finding an unexpected income is a reason for joy, but if the amount rises to 2.45 billion dollars (2.076 million euros), the surprise turns to disbelief. This is what has happened to a Bank of America customer, who a few days ago found an income from the entity of this … Read more

The IMF asks the creditors to accept an “appreciable” withdrawal of the Argentine debt | Economy

Argentina has obtained strong support from the International Monetary Fund in its negotiating strategy with external creditors. At the close of a week-long visit in Buenos Aires, the agency’s technical mission issued a statement in which it asks private holders of Argentine bonds to accept an “appreciable withdrawal” of the debt, which it considered “not … Read more