Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances...

Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic...

State-owned conglomerate Dubai World's creditors have been told the company is in need of "urgent" restructuring as it seeks agreement on a multi-billion dollar debt plan....

Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed...

M&A financing remains in short supply around the world, and with the financial cupboard bare, UK companies are looking to an older form of trade to do business – trading assets instead of money…

A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...

Frantic activity in the pharmaceutical industry shows no sign of slowing, with two additional pharma deals announced this week…

A joint venture of private Turkish companies Is-Kaya Insaat and MMEKA Machinery made top bids totalling nearly $5 billion for rights to operate two Turkish power grids...

Russian oil major LUKOIL is expected to sign a $1.5 billion loan to finance a $3.44 billion share repurchase from ConocoPhillips, banking sources told Reuters...

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...

Kuwaiti telecom firm Zain said it received $295.4 million from India's Bharti Airtel, as part of the sale of its African assets...

For Calgary-based Compton Petroleum, the climb back to stability following the global economic crunch of the past few years has been...

Buying assets from a business in financial distress may require special protections and provisions, as illustrated by...

Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...

The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...

DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about 2 billion rupees ($43 million)...

Dubai World warned that lenders, aside from the government's own support fund, would face a "significantly" worse deal if its debt plan fails and it is forced to seek liquidation...

Several Spanish savings banks fail stress test - report...

Over-leverage in LBOs is proving to be a real sticking point yet again, this time amidst exits from Chapter 11. As the three-way dance between Extended Stay, the U.S. trustee and creditors have found...

Nortel and Genband, two companies headed in different directions, briefly crossed paths at a recent bankruptcy auction. Texas-based Genband has acquired Nortel’s carrier VOIP business – a big step en route to a rumoured 2011 IPO...

British mobile email software developer Synchronica said it agreed to buy Canadian peer iseemedia for about 5.3 million pounds ($8.1 million) in an all-stock deal to expand in India and South-East Asia...

If the value of lawyerly corporate structuring ever needed proof, the vortex of events sucking down BP is it. With asset sales and lawsuits by aggrieved shareholders like those of New York state’s pension fund…

As if successfully doing a global debt offering weren't hard enough, Royal Dutch Shell plc just did a debt doozy, involving three different legal jurisdictions…

Barclays Plc's top two executives will this week tell a New York court the British bank did not get an unfair windfall from a deal for parts of Lehman Brothers in a case that shows the need for banks to draw up "living wills"...

It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…

Upscale store chain Barneys New York does not expect its parent Istithmar to explore a sale or any other transaction involving the company's ownership structure...

Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for...

“Struggling to pay loans, even considering bankruptcy?” This is now the cry of not only infomercials, but troubled municipalities as well. Major cities such as Las Vegas, Detroit, and Harrisburg are…

At long last, there may be signs that the real estate market is improving. After a year of bankruptcies at home builders such as California Coastal Communities and WCI Communities, NVR’s…

Healthcare reform may be controversial in some corners, but healthcare technology companies are positively glowing with praise for reform and the opportunities it creates. Google, IBM, and Oracle have all been...

Though economic prospects are looking up for many companies, there are a few notable exceptions. Dyson Group, the high-performance ceramic materials company, has announced that it intends to cancel its listing on…

As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…

Earlier this year, Extended Stay seemed to have accepted a date to the reorganization dance with handsome pair, Centerbridge Partners and Paulson & Co. But now, the hotel chain’s board seems to hold the pedigreed track record of another well-groomed suitor in higher regard…

The ethanol industry was virtually capsized during late 2008 and early 2009 by a perfect storm of high corn prices, low fuel demand, and the credit crisis, but a recent reorganization plan may be a sign that the biofuels industry is set for a turnaround…

The surprising trajectory of bankruptcy straight to IPO may seem incongruous, but is all too real. In what may perhaps prove to be an interesting precursor for skeptics who think that GM going public soon is laughable…

In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…

The gory details in the report by the Lehman Brothers Bankruptcy Examiner could have impact far beyond Lehman, touching everything from securitization to securities disclosures. The report itself contains enough financial scares to give any director or lawyer nightmares…

At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere.  But as the dust begins to settle from the world economic crisis, assets continue to shift…

Nortel Networks recently filed as part of its 10-K agreements or amendments for many of the deals which were at the center of the 2009 headline topping deconstruction of Nortel.  This 10-K is a deal lawyer’s treasure trove, as it contains numerous cross-border stalking horse bids from multiple countries…

Famous Dave’s of America wins bid for seven of nine restaurants of North Country BBQ Ventures Inc...

General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Islamic finance is at an interesting crossroad in its young history and is facing an array of new challenges. Several hot issues are occupying Islamic finance’s leadership, from contract interpretation to global dispute resolution to restructuring-related concerns. . .

The U.S. operations of Spheris, a medical transcription company, filed for Chapter 11 in Delaware and has already entered into a stalking-horse agreement with MedQuist to…

Warren Buffet’s investing secret? His attorneys. Since the onset of the financial crisis, Berkshire Hathaway has been involved in swath of deals, many of which required intricate legal know-how…

Breaking up is always the hardest part, as some “wallet-broken” stakeholders are finding out in bankruptcy court. Capmark, Nortel, Canwest and others are spiraling out of existence with each asset sale…

The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…

The FDIC arranged the 130th failed bank asset sale of the year last week. This latest round of bank closures consisted of...

Nortel disclosed the completion of its wireless assets to Ericsson last week, as the previously announced $1.13 billion sale of Nortel’s CDMA business and LTE access assets was recently concluded...

IP’s chain of title is a fragile one, threatening M&A and normal operations alike. Just ask Skype and Ecko Group, both of whom have felt its sting. Making this abundantly clear is…

Independent News & Media has asked for shareholder approval for a restructuring plan which includes divestiture of South African billboard company INM Outdoor....

Hoping to join the likes of Lear Corp., Delphi and Frontier Airlines, all of which have emerged from bankruptcy in recent months, Tropicana Entertainment filed a new reorganization plan along with...

CIT’s bankruptcy may effectively become a new chapter in bankruptcy law. Faced with Lehman-like complexity, with issues and regulators galore, its devils include its complicated funding strategies, sale-leaseback litigations and…

Bankruptcy asset sales are always controversial, but trailblazers Warren Buffett and Capmark may have pushed controversy to a new level. With their $1 billion put option, Berkadia and Capmark have created a pseudo-stalking horse…

U.S. auto parts supplier Visteon Corp has asked a federal bankruptcy court to approve $700 million in financing so it can exit its 15-month bankruptcy...

Dubai's Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation...

Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...

Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...

The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...

Companies don’t just restructure when the going gets tough but also when the going gets really good, as evidenced by Parallel Media Group’s recent announcement of its capital reorganisation…

General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker...

Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…

Solvency opinions are on the tip of many a tongue, thanks to the Tribune Co. and its just released bankruptcy examiner’s report. With leveraged transactions beginning to revive…

Three groups including India's Mahindra have made binding offers to buy the troubled South Korean car maker Ssangyong Motor Co, Yonhap news agency reported...

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...

FGIC Corp filed for bankruptcy protection, saying it was not paid dividends by its troubled bond insurance unit Financial Guaranty Insurance Company since the onset of the...

A group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh attorney Chuck Greenberg won a bankruptcy court auction for the Texas Rangers baseball team...

General Growth Properties Inc said it had amended its reorganization plan to increase its capital structure flexibility and improve investment terms, and that it remained on...

For Calgary-based Compton Petroleum, the climb back to stability following the global economic crunch of the past few years has been...

The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...

With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...

Several Spanish savings banks fail stress test - report...

Pivotal talks this week on restructuring the debts of Dubai World could be a trigger for investors to return to the Gulf region, under a cloud since the...

India's Tata Steel has started talks with lenders including Citigroup to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its British unit, Bloomberg reported...

Home furnishings retailer Jennifer Convertibles Inc filed for bankruptcy protection under a pre-arranged deal that will convert debt owed to its supplier and...

Companies once crying poverty and filing for bankruptcy are quickly turning around and giving their stakeholders a payday, moving out of the poorhouse into the penthouse…

Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy...

Pension trustees for Britain's BT Group Plc asked a court on Tuesday to rule how much of its liabilities could be guaranteed by the state, in a move which could affect how the company tackles its deficit...

Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...

Time Warner Inc said it had offered to buy back about $4 billion of its debt...

Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a…

Propco-opco structures are a lot like the movie Casino: Both bring together gaming with refrigerated storage, and both are fraught with conflict...

Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move, saying it needed to find an acceptable system to support the listing...

Dubai builder Arabtec expects payment in cash from troubled developer Nakheel to be made soon while payment in the form of a bond will take a few months...

Ski resort and theme park operator Compagnie des Alpes is refinancing its debt and raising 100 million euros ($134 million) through a capital increase to expand its leisure business and make acquisitions...

Riding restructuring's wave, surfing leader Quiksilver Inc. recently announced a $75 million capital stack rework, with a two-fer built in...

Epiq Systems, a provider of technology solutions related to the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters, is restructuring its own finances...

In a stark warning of just how badly a joint venture can go wrong, beleaguered bioplastics company, Stanelco plc, has announced that following its disastrous joint venture with Sphere SA…

Emerging from bankruptcy has always come with strings attached, but recently, two notable companies have emerged with heavy knots tying their assets…

Trump Entertainment Resorts hit the jackpot – sort of. The bankrupt casino company recently filed its $24 million debtor-in-possession (DIP) agreement…

Smaller banks are trading in their rich Uncle Sam for their more freewheeling PE cousins, providing evidence of a financial services recovery…

It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…

Upscale store chain Barneys New York does not expect its parent Istithmar to explore a sale or any other transaction involving the company's ownership structure...

Loan buybacks are stepping up, and not just by borrowers deleveraging on the cheap. The result of continuing low secondary market prices for some loans, this debt is up for grabs…

“Struggling to pay loans, even considering bankruptcy?” This is now the cry of not only infomercials, but troubled municipalities as well. Major cities such as Las Vegas, Detroit, and Harrisburg are…

In the aftershocks of China’s 2008 melamine tainted milk scandal, financial investors such as BlackRock Inc. and Morgan Stanley are fighting to recoup their investments…

Though economic prospects are looking up for many companies, there are a few notable exceptions. Dyson Group, the high-performance ceramic materials company, has announced that it intends to cancel its listing on…

As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…

Earlier this year, Extended Stay seemed to have accepted a date to the reorganization dance with handsome pair, Centerbridge Partners and Paulson & Co. But now, the hotel chain’s board seems to hold the pedigreed track record of another well-groomed suitor in higher regard…

The ethanol industry was virtually capsized during late 2008 and early 2009 by a perfect storm of high corn prices, low fuel demand, and the credit crisis, but a recent reorganization plan may be a sign that the biofuels industry is set for a turnaround…

In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…

Revlon Consumer Products filed amended agreements earlier this week from its previously announced refinanced credit facilities. Revlon previously announced...

At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere.  But as the dust begins to settle from the world economic crisis, assets continue to shift…

A turbulent restructuring has ended for private publisher Haights Cross Communications. The voluntary filer has submitted its indenture and related documents, including an…

General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Islamic finance is at an interesting crossroad in its young history and is facing an array of new challenges. Several hot issues are occupying Islamic finance’s leadership, from contract interpretation to global dispute resolution to restructuring-related concerns. . .

Williams Partners announced the completion of a $3.5 billion private placement to help fund a previously announced strategic restructuring...

What's debt among friends? Sometimes it can be a legal and financial headache, so firms must restructure related party debt. Case in point, Hallmark Cards, which has announced a new recapitalization plan that will…

Hexion is a comeback story, part of private equity’s re-emergence, not just through, new investments but old ones as well...

English football is sometimes known for its combativeness –but it may soon be known for its restructuring and corporate reorganization as well. In a corporate drama replete with leverage, hedge funds and the Glazer clan, Manchester United’s latest troubled offering…

Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…

Carl Icahn is feeling lucky and he’s heading to the casino – as in Tropicana Entertainment Inc., which recently filed a copy of its exit financing facility…

Breaking up is always the hardest part, as some “wallet-broken” stakeholders are finding out in bankruptcy court. Capmark, Nortel, Canwest and others are spiraling out of existence with each asset sale…

A U.S. bankruptcy court has approved the plan of pre-organization submitted by Cary, N.C.-based R.H. Donnelley Corporation, a print and online yellow pages publisher…

Second liens may be second class in bankruptcy court, but they remain a first class recapitalization tool...though with some changes. Companies from Revlon to Rite Aid have all recently waded back into the market…

FCPA enforcement has stepped up yet again, even touching China-related actions in the U.S.A. The SEC’s year-end salvo against California’s UTStarcom Inc. was announced under the cover of 2009’s year end close….

The credit crisis roared like a lion in early 2009 and the reverberations affected M&A transactions throughout the year. Strategic M&A deals, including Pfizer /Wyeth, Berkshire Hathaway/Burlington Northern Santa Fe, and Disney/Marvel were…

Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...

Simon Property Group disclosed on Friday that it has slightly increased its borrowing capacity. The company replaced its current $3.5 billion unsecured revolving credit facility with a new…

New York-based Haights Cross Operating, the parent company of Haights Cross Communications, an educational materials publisher, has presented its prepackaged bankruptcy plan to its shareholders to be voted upon…

Education services provider Princeton Review is raising both debt and equity in its effort to recapitalize. The company recently secured additional debt in the form of...

Builders FirstSource has disclosed that it will reduce the target tender percent of its recapitalization transactions...

Bank of America is on the move to repay the $45 billion it received in government bailout funds with the sale of its common equivalent securities valued at $18.8 billion…

Private equity debt is restructuring, to the sounds of collateral splitting and accordions opening. Apollo is among the leaders, through portfolio companies like Realogy…

This fall has seen a tentative recovery in credit markets – even for a casino and hotel left half-built. After filing for Chapter 11, while holding assets of an unfinished Las Vegas hotel project on its books, Fontainebleau Las Vegas LLC has received…

After Lear and Delphi’s emergence from bankruptcy, things continue to look up for the auto parts industry: Cooper-Standard Holdings, an automotive parts manufacturer, filed its debtor-in-possession financing agreement with the SEC...

Independent News & Media has asked for shareholder approval for a restructuring plan which includes divestiture of South African billboard company INM Outdoor....

Lear Corporation announced in an SEC filing that it has entered into a Warrant Agreement with Mellon Investor Services LLC, a New Jersey-based LLC, as the warrant agent…

CIT’s bankruptcy may effectively become a new chapter in bankruptcy law. Faced with Lehman-like complexity, with issues and regulators galore, its devils include its complicated funding strategies, sale-leaseback litigations and…

Credit derivative dealers will settle credit default swaps insuring the debt of CIT Group in an auction after the commercial lender filed for bankruptcy…

What is GM doing with its cash these days? General Motors’s mid-summer restructuring, funded by the U.S. Treasury, the Canadian federal government, and the Ontario government, raced through…

U.S. auto parts supplier Visteon Corp has asked a federal bankruptcy court to approve $700 million in financing so it can exit its 15-month bankruptcy...

Clothing retailer and mall stand-by the Dress Barn, Inc. is being displaced by its own subsidiary in an unorthodox reorganization…

Low-cost Saudi carrier Sama is suspending operations after the private firm failed to obtain financing from investors or government support as losses accumulated...

The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...

After bankruptcy, reorganization, and a name change, the former Tropicana Entertainment Holdings’ initial registration statement drew the attention of…

Kuwait's loss-making national carrier Kuwait Airways Corp said it will borrow from local banks to pay salaries...

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...

FGIC Corp filed for bankruptcy protection, saying it was not paid dividends by its troubled bond insurance unit Financial Guaranty Insurance Company since the onset of the...

A group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh attorney Chuck Greenberg won a bankruptcy court auction for the Texas Rangers baseball team...

Somehow, the philosophy of ‘everyone’s gotta eat’ has not been translating into gushing profits for the world’s agribusiness conglomerates. Cutthroat competitors Archer Daniels Midland, Cargill and Bunge, among others, are reporting something in common to shareholders…

The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...

The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…

Extended Stay America Inc moved closer to emerging from bankruptcy as a judge confirmed the hotel chain's plan of reorganization in which an...

The second largest U.S. mall owner said it has successfully restructured about $15 billion in project-level debt which will allow it to satisfy its debt and other claims in...

The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…

Troubled Dubai developer Nakheel said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, and is restarting several projects put on hold during the downturn...

Dubai builder Arabtec expects payment in cash from troubled developer Nakheel to be made soon while payment in the form of a bond will take a few months...

Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast, after billions of dollars worth of projects were cancelled in the wake of...

Reliance Communications, India's second-biggest mobile operator, said on Monday its board has approved a proposal to restructure ownership of its tower unit, Reliance Infratel...

Washington Mutual Inc's effort to exit bankruptcy encountered a setback on Thursday when the judge in the case ordered the company to talk further with shareholders about their requests for documents...

Several large investors in Elan Corp Plc are urging the company to delay a planned spin-off of its drug delivery business, arguing the company could extract more value from the unit by waiting...

It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…

Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for...

A group of lenders to the Texas Rangers sued on Friday to put the baseball team's equity owners, controlled by private equity investor Thomas Hicks, into bankruptcy...

“Struggling to pay loans, even considering bankruptcy?” This is now the cry of not only infomercials, but troubled municipalities as well. Major cities such as Las Vegas, Detroit, and Harrisburg are…

PE firms of late have developed a taste for investing in bankrupt companies, from General Growth to Six Flags. Electronics maker Spansion is the latest in this line…

April is just not Goldman’s month. Aside from SEC fraud charges, the investment bank’s agenda includes a possible trip to China’s bankruptcy courts to recover the US$78 million it invested with Morgan Stanley…

Vion Pharmaceuticals, one of the many biotech companies that slid into Chapter 11 in the wake of the credit crisis, recently filed its Second Amended Chapter 11 Plan of Liquidation. The agreement involves...

The UK government has proposed to liberalise the tax treatment of controlled foreign companies in an attempt to stem the flow of companies moving offshore for tax purposes. This comes in reaction to a burst in recent years of…

As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…

Earlier this year, Extended Stay seemed to have accepted a date to the reorganization dance with handsome pair, Centerbridge Partners and Paulson & Co. But now, the hotel chain’s board seems to hold the pedigreed track record of another well-groomed suitor in higher regard…

The ethanol industry was virtually capsized during late 2008 and early 2009 by a perfect storm of high corn prices, low fuel demand, and the credit crisis, but a recent reorganization plan may be a sign that the biofuels industry is set for a turnaround…

The FDIC reported another round of bank closings late last week that included one of the largest issuers of credit cards for small businesses, Advanta Bank Corp of Draper, Utah…

In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…

At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere.  But as the dust begins to settle from the world economic crisis, assets continue to shift…

Bankruptcy may be hardest on companies, but it’s no picnic for their landlords either.  With once-blockbuster tenants like Movie Gallery and Blockbuster reeling from the twin impacts of RedBox and the recession, already-troubled commercial real estate companies are…

Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...

Just as the tech sector took off in the late 1990s, the energy now appears to be gearing up as the sector to watch. The latest sign? Encana Corp, a Calgary Alberta corporation, intends to separate itself into highly focused energy companies…

Including no fewer than nine mezzanine finance agreements, Harrah’s Entertainment has filed a 3,500-page restructuring document more dizzying than a roulette wheel…

While bankruptcies have moved off of the front pages, they are still proceeding. U.S. chemical concern Tronox, Inc., has filed a plan to exit Chapter 11 by the end of November...

Troubled conglomerate Dubai World has begun talks with small creditors, not included in the coordination committee of banks on its restructuring plan, to avoid any lawsuits...

U.S. auto parts supplier Visteon Corp has asked a federal bankruptcy court to approve $700 million in financing so it can exit its 15-month bankruptcy...

A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...

Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...

Qatar’s $3.5 billion conventional bond issue may be the season’s most noteworthy Islamic finance deal…

The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...

Companies don’t just restructure when the going gets tough but also when the going gets really good, as evidenced by Parallel Media Group’s recent announcement of its capital reorganisation…

A joint venture led by hedge fund investor William Ackman has been sued by two major banks to stop it from foreclosing next week on the equity in Manhattan's giant Stuyvesant Town and...

Investors scared off by Dubai's debt crisis are taking a new look at government-related entity debt in the United Arab Emirates, but broad reforms are needed as well as competitive pricing to develop the secondary market...

Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…

Three groups including India's Mahindra have made binding offers to buy the troubled South Korean car maker Ssangyong Motor Co, Yonhap news agency reported...

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...

China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...

A group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh attorney Chuck Greenberg won a bankruptcy court auction for the Texas Rangers baseball team...

Dubai International Capital the private equity arm of the Gulf Arab emirate, said it will focus on bringing German aluminium maker Almatis out of bankruptcy after...

General Growth Properties Inc said it had amended its reorganization plan to increase its capital structure flexibility and improve investment terms, and that it remained on...

A 1,000-page examiner report into the bankruptcy of Tribune Co was unsealed on Tuesday, likely bolstering the legal case of junior creditors who are...

Avenue New Jersey Entertainment, an affiliate of hedge fund Avenue Capital, was recently dealt 21 in the reorganization plan of busted gaming company Trump Entertainment Resorts...

Abu Dhabi Commercial Bank said it had 6.6 billion dirhams ($1.8 billion) worth of exposure to indebted state conglomerate Dubai World and posted a second-quarter loss...

Alex Rodriguez, the New York Yankees third baseman, has objected to the Texas Rangers' proposed bankruptcy plan on concern he may not be paid the $24.9 million of...

Casey's General Stores said it would buy back $500 million worth of common stock as part of a recapitalization plan that could derail Canada's Alimentation Couche-Tard Inc's...

Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...

The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...

Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and...

The maturity of the Islamic finance industry will soon face another critical test, as defaults on $200 million sukuk don’t escape the notice of financial markets…

Diageo is turning to whiskey to drown its pension woes as it becomes the latest UK company to use asset-backed schemes to fund its pension deficit…

Over-leverage in LBOs is proving to be a real sticking point yet again, this time amidst exits from Chapter 11. As the three-way dance between Extended Stay, the U.S. trustee and creditors have found...

Struggling state firm Dubai World is ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts...

Pivotal talks this week on restructuring the debts of Dubai World could be a trigger for investors to return to the Gulf region, under a cloud since the...

The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…

Extended Stay America Inc moved closer to emerging from bankruptcy as a judge confirmed the hotel chain's plan of reorganization in which an...

Home furnishings retailer Jennifer Convertibles Inc filed for bankruptcy protection under a pre-arranged deal that will convert debt owed to its supplier and...

Boeing Co and Dubai's Emirates announced a deal for 30 of Boeing's 777-300 extended range planes, a deal worth potentially more than $9 billion...

The euro zone's debt woes have raised worries about the outlook for the world economy, which has already been dealt a severe blow by the global financial crisis...

The trading of claims in bankruptcy cases fell to $2.1 billion in June, down for the second straight month, as several large companies prepared to exit Chapter 11...

Soaring fees lead to roaring fee fights, thanks to the insidious effects of the weak economy. Though still the exception, fees are the subject of courtroom focus in both...

The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…

Time Warner Inc said it had offered to buy back about $4 billion of its debt...

Propco-opco structures are a lot like the movie Casino: Both bring together gaming with refrigerated storage, and both are fraught with conflict...

The largest private equity deal of the year is one step closer to completion. Last week’s approval of Extended Stay’s disclosure statement by the bankruptcy court has paved the way for…

World stocks hit a 2-1/2-week low on Tuesday while oil and the euro also slipped as investors grew nervous over the funding situation of banks about to repay 442 billion euros ($545.5 billion) to the European Central Bank...

Bankruptcy, even Chapter 11 reorganization, usually completely wipes out the company’s shareholders. But Smurfit Stone Container and…

The International Monetary Fund said it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka...

If the value of lawyerly corporate structuring ever needed proof, the vortex of events sucking down BP is it. With asset sales and lawsuits by aggrieved shareholders like those of New York state’s pension fund…

As if successfully doing a global debt offering weren't hard enough, Royal Dutch Shell plc just did a debt doozy, involving three different legal jurisdictions…

The operator of a South Carolina toll highway sought bankruptcy protection in a rare filing by a municipal entity under Chapter 9 of the U.S. Bankruptcy Code...

European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis...

Thousands of creditors of bankrupt U.S. investment bank Lehman Brothers owed about $22 billion will be offered earlier cash payments if they are willing to accept lower valuations on their claims...

News Corp branched into the digital reader market with the acquisition of Skiff, a Hearst-backed company that helps distribute newspaper and magazine content to e-readers and other devices...

In a continued attempt to get out from under its credit default swap troubles, bond insurer Ambac Financial Group has just arrived at a settlement agreement with several of its counterparties...

Accounting – it could put your glazed eyes to sleep – until the SEC comes banging at your door, demanding to know how you accounted for a recent restructuring transaction and where are some of the related agreements...

In a stark warning of just how badly a joint venture can go wrong, beleaguered bioplastics company, Stanelco plc, has announced that following its disastrous joint venture with Sphere SA…

Holders of trade claims of bankrupt Visteon Corp are stepping up their fight against the auto parts maker's reorganization, which they said would pay similar creditors in full while giving them 50 cents on the dollar...

Lehman Brothers Holdings Inc is seeking Bankruptcy Court permission to make another $255 million debt investment in a New York office building, saying doing so would protect its existing investment...

A clutch of small investors are suing the top three global ratings agencies over losses from Lehman investment products in the first cases of their kind in Germany, their lawyer told Reuters...

Montreal-based AbitibiBowater recently announced it has the support of unsecured creditors for a reorganization plan that would swap unsecured debt for equity...

Lehman Brothers Holdings Inc on Wednesday sued JPMorgan Chase & Co, accusing the second-largest U.S. bank of illegally siphoning billions of dollars of desperately-needed assets in the days leading up to...

Liquidation is the creditor’s last best hope for recovery, as recent filers Anthracite Capital and Air America bear witness. This decision is fraught with controversy, as what began as a hopeful Chapter 11 filing all too often ends in…

Neither sports teams nor private equity funds have been immune from economic difficulty, and baseball’s Texas Rangers serve as the most recent, glaring example. The team filed for…

Shareholders of bankrupt Washington Mutual Inc asked a federal judge for permission to investigate JPMorgan Chase & Co for its role in the failure of Washington Mutual Bank...

“Struggling to pay loans, even considering bankruptcy?” This is now the cry of not only infomercials, but troubled municipalities as well. Major cities such as Las Vegas, Detroit, and Harrisburg are…

In the aftershocks of China’s 2008 melamine tainted milk scandal, financial investors such as BlackRock Inc. and Morgan Stanley are fighting to recoup their investments…

The notes of “We Like to Party” can be imagined to have played as Six Flags announced its emergence from bankruptcy. In addition to a new corporate name, structure and financing, the company entered into…

In Lehman Brothers’ most recent step along its road to recovery, the financial services firm has submitted its plan of reorganization to the U.S. Bankruptcy Court...

April is just not Goldman’s month. Aside from SEC fraud charges, the investment bank’s agenda includes a possible trip to China’s bankruptcy courts to recover the US$78 million it invested with Morgan Stanley…

The UK government has proposed to liberalise the tax treatment of controlled foreign companies in an attempt to stem the flow of companies moving offshore for tax purposes. This comes in reaction to a burst in recent years of…

In an interesting spin on corporate restructuring, creditors are fed up with the sky-high debt levels, and they are trying to deleverage – retroactively. Creditors at the Tribune Co and LyondellBasell have sued…

As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…

Earlier this year, Extended Stay seemed to have accepted a date to the reorganization dance with handsome pair, Centerbridge Partners and Paulson & Co. But now, the hotel chain’s board seems to hold the pedigreed track record of another well-groomed suitor in higher regard…

The surprising trajectory of bankruptcy straight to IPO may seem incongruous, but is all too real. In what may perhaps prove to be an interesting precursor for skeptics who think that GM going public soon is laughable…

In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…

Accuride Corp has been on a wild bankruptcy ride that only just ended – and in its wake it brings a control-limiting deal with hedge fund York Capital. Accuride finally emerged from bankruptcy, thanks in part to…

At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere.  But as the dust begins to settle from the world economic crisis, assets continue to shift…

General Growth and Brookfield Properties offer a powerful “tale of two cities” in which clever legal and financial structuring appear to win out above all. With all eyes on GGP’s tragic drama, Brookfield’s own maneuvers are a source of inspiration…

Not quite as controversial as the delayed release of Bank of America’s secret bonus agreements with Merrill but still noteworthy, Daimler has disclosed the details of its exit from Chrysler…

Smart money investor John Paulson is placing his bets on SuperYellowPages’ emergence from bankruptcy. After emerging from reorganization under Chapter 11 and incurring more than $9 billion in...

Viasystems Group, Inc., a holding of private equity giant Hicks, Muse, Tate & Furst, recently completed a reverse triangular merger with Merix Corporation…

Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…

Harbinger Group plans to eliminate the position now being held by the former Zapata CFO as part of its internal reorganization plan...

When even Toyota has to announce a major product recall, legal observers know product liability is a hot topic. The Japanese carmaker, often hailed as…

Late in December last year Lehman Brothers International Europe (LBIE) announced that it had received sufficient acceptances to its Claim Resolution Agreement to return up to £7 billion ($11 billion) of assets…

A U.S. bankruptcy court has approved the plan of pre-organization submitted by Cary, N.C.-based R.H. Donnelley Corporation, a print and online yellow pages publisher…

Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…

Many of the companies and industries hit hardest by the financial downturn are continuing to work their way through the bankruptcy process. In one example, bondholders and Trump Entertainment Resorts filed…

Staff comment letters indicate CIT Group’s seemingly smooth prepackaged reorganization hit some potholes with the Securities and Exchange Commission (SEC)...

General Growth’s bankruptcy shakes the foundations of the commercial real estate market, and the financing documents that hold it up. The bankruptcy plot touches on a wide range of issues, from the sacredness of corporate entities to director independence to the prevalence of Delaware entities…

Builders FirstSource has disclosed that it will reduce the target tender percent of its recapitalization transactions...

Lawyers, check your escrow clauses, lest they bring a Fortune 1000 company to its knees. The bankruptcy saga of LandAmerica holds great importance, from SPACs to M&A and, of course, to commercial real estate deals. Seldom have…

When a big business teeters on the edge of failure, a broad array of third parties cringe. Suppliers, creditors, employees, and even the tax man – for each of these, the threat of that first domino toppling over can be significant…