All items from The COMI

Per www.globalinsolvency.com:

Fri., August 29, 2014  A group representing more than 400 of the world’s largest banks, investors and debt issuers has agreed a plan for dealing with financially stricken countries and their creditors, in a bid to prevent a repeat of the wrangling that has pushed Argentina into default, the Financial Times reported. After months of talks convened by the US Treasury in the wake of Greece’s restructuring, global debt experts will on Friday unveil a new framework that could transform the relationship between critically indebted nations and lenders. Lawsuits filed by creditors against defaulting governments have doubled over the last decade and the changes come at a time when levels of sovereign debt have risen to record highs around the world in the wake of the financial crisis. The fallout from recent defaults reignited calls for an international bankruptcy court, but market participants and Washington authorities favour a voluntary response rather than new statutory mechanisms. The International Capital Market Association, whose members include banks, investors and debt issuers, has created fresh clauses for inclusion in sovereign debt contracts that will give countries the option to bind all investors to decisions agreed by the majority.



From The COMI
Posted 3 days 12 hours ago

Per the South Florida Business Journal:

Aug 22, 2014, 1:05pm EDT



From The COMI
Posted 1 week 1 day ago

According to the L.A. Times:



From The COMI
Posted 1 week 1 day ago

News about the Investment Dar restructuring under Kuwait's Financial Stability law, per www.thepeninsulaqatar.com:



From The COMI
Posted 1 week 1 day ago

On August 19, 2014, www.recorder.com reported that the nation’s oldest cutlery business, Lamson & Goodnow Manufacturing Co. of Shelburne Falls, filed for bankruptcy after 177 years of making knives and kitchen tools.  
For more see:
http://www.recorder.com/news/13203172-95/lamson-goodnow-files-for-bankruptcy



From The COMI
Posted 1 week 2 days ago

Some analysts are looking back to the collapse of banks in Texas due to faulty real estate loans, and conclude that based on the "Texas ratio" Eurozone banks need additional cash.
Per www.globalinsolvency.com:



From The COMI
Posted 1 week 2 days ago