Bankruptcy Blogs

The Examiners: Richard A. Chesley on Argentina and Distressed Investors

07/28/14

As Argentina finds itself on the verge of a second default, what blame, if any, does the distressed investing community hold?

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Here Comes the Sun: Banking the Upstart Solar Industry

07/28/14

The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.

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Morning Scan: JPM Unloading $1.3B; OCC Questions Chase Wealth Ops

07/28/14

Receiving Wide Coverage ...

JPMorgan Unloads: JPMorgan Chase agreed to sell a $1.3 billion debt and securities portfolio to Bain Capital's Sankaty Advisors, both the Wall Street Journal and Bloomberg reported. Chase's Hong Kong-based portfolio group, called the Global Special Opportunities Group, invests mainly in high-yield debt. Chase's sale of the unit is part of the wider trend of big banks unloading assets to comply with rules that they improve capital ratios and comply with the...

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The Daily Docket: Court Rules Russia Owes Ex-Yukos Owners $50 Billion

07/28/14

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

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Guess the Date – Holdout Edition

07/28/14

The bill admits, that the whole amount divided among all the [creditors], was not enough to satisfy the complainant’s debt. What a singular proposition then to maintain, that although the whole were only entitled, in Law, to a less sum than this individual claims, out of the entire proceeds, yet that this and every other creditor of the same grade, by standing out and standing off, and pursuing his remedy separately, would realize the sum total of his claim!

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Nortel’s Bond Interest Rate Fight Sends U.S., Canadian Judges to Separate Corners

07/25/14

The U.S. and Canadian judges who will decide how to divide $7.3 billion raised in the liquidation of the former Canadian technology icon went their separate ways Friday, with the U.S. judge canceling and the Canadian judge forging ahead with a hearing on an issue that could be key to the decision.

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The Examiners Tackle Argentina

07/25/14

This month, the Examiners will tackle a timely and thorny topic—Argentina’s debt troubles.

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You Say Poignant, I Say Depressing

07/25/14

As Anna points out, there are indeed moments of poignancy in the pari passu litigation, largely having to do with the fact that, days from a major sovereign default induced in no small part by their rulings, the US courts only now seem to be discovering basic facts about the case.

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What Airbnb Can Teach Banks About Branding

07/25/14

AirbnbÂ's recent rebranding featured personal narratives from employees and customers as well as stories that emphasized the companyÂ's local roots. Banks can apply these lessons to their own marketing and product development, according to consultant Sam Maule.

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Forward Motions: Judge to Review Fisker Payment Plan

07/25/14

A Delaware bankruptcy judge next week could approve the creditor-payment plan that would distribute money from the $149.2 million sale of failed hybrid auto maker Fisker Automotive Inc.

On Monday, Judge Kevin Gross has the power to approve the distribution plan for proceeds from the company’s sale to China’s Wanxiang Group. Wanxiang America has said it will revive Fisker’s car-making operations, and the plan offers old company’s trade vendors and other unsecured creditors a chance to share in the profits through a 20% ownership stake in the reorganized company.

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