Westlaw Business Currents - The Legal Lens on Business News http://currents.westlawbusiness.com/BankruptcyRestructuring.aspx (c) 2010 Thomson Reuters. All rights reserved. en-us Fri, 30 Jul 2010 14:30:50 EDT Fri, 30 Jul 2010 14:30:50 EDT westlawbusiness-currents@thomsonreuters.com (Westlaw Business Currents Editorial Staff) For Calgary-based Compton Petroleum, the climb back to stability following the global economic crunch of the past few years has been... http://currents.westlawbusiness.com/Articles/2010/07/20100729_0024.aspx?src=RSSFri, 30 Jul 2010 00:15:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100729_0024.aspx?src=RSS Buying assets from a business in financial distress may require special protections and provisions, as illustrated by... http://currents.westlawbusiness.com/Articles/2010/07/20100727_0034.aspx?src=RSSThu, 29 Jul 2010 00:15:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100727_0034.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100729_0012.aspx?src=RSSWed, 28 Jul 2010 18:45:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100729_0012.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100728_0023.aspx?src=RSSWed, 28 Jul 2010 10:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0023.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/07/20100727_0019.aspx?src=RSSWed, 28 Jul 2010 01:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100727_0019.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0003.aspx?src=RSSWed, 28 Jul 2010 00:31:23 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0003.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100727_0020.aspx?src=RSSTue, 27 Jul 2010 12:34:41 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100727_0020.aspx?src=RSS 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)...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0001.aspx?src=RSSMon, 26 Jul 2010 12:39:56 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0004.aspx?src=RSSMon, 26 Jul 2010 12:33:51 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0004.aspx?src=RSS Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and... http://currents.westlawbusiness.com/Articles/2010/07/20100726_0020.aspx?src=RSSMon, 26 Jul 2010 10:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0020.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/07/20100722_0030.aspx?src=RSSSun, 25 Jul 2010 18:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0030.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100723_0003.aspx?src=RSSFri, 23 Jul 2010 04:39:20 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100723_0003.aspx?src=RSS Several Spanish savings banks fail stress test - report...http://currents.westlawbusiness.com/Articles/2010/07/20100723_0001.aspx?src=RSSFri, 23 Jul 2010 04:33:27 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100723_0001.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/07/20100722_0029.aspx?src=RSSFri, 23 Jul 2010 01:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0029.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100720_0039.aspx?src=RSSFri, 23 Jul 2010 00:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0039.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0001.aspx?src=RSSThu, 22 Jul 2010 02:18:34 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0001.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100720_0030.aspx?src=RSSThu, 22 Jul 2010 01:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0030.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100721_0011.aspx?src=RSSWed, 21 Jul 2010 09:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100721_0011.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/07/20100720_0028.aspx?src=RSSWed, 21 Jul 2010 01:45:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0028.aspx?src=RSS Extended Stay America Inc moved closer to emerging from bankruptcy as a judge confirmed the hotel chain's plan of reorganization in which an... http://currents.westlawbusiness.com/Articles/2010/07/20100720_0022.aspx?src=RSSTue, 20 Jul 2010 14:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0022.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0001.aspx?src=RSSTue, 20 Jul 2010 04:18:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0001.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100719_0026.aspx?src=RSSMon, 19 Jul 2010 20:42:48 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100719_0026.aspx?src=RSS Home furnishings retailer Jennifer Convertibles Inc filed for bankruptcy protection under a pre-arranged deal that will convert debt owed to its supplier and... http://currents.westlawbusiness.com/Articles/2010/07/20100719_0018.aspx?src=RSSMon, 19 Jul 2010 09:15:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100719_0018.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0005.aspx?src=RSSMon, 19 Jul 2010 06:03:07 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0005.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/07/20100715_0039.aspx?src=RSSMon, 19 Jul 2010 03:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0039.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100716_0004.aspx?src=RSSFri, 16 Jul 2010 04:37:56 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100716_0004.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0002.aspx?src=RSSThu, 15 Jul 2010 12:48:08 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0002.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100713_0014.aspx?src=RSSTue, 13 Jul 2010 12:46:50 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100713_0014.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100713_0017.aspx?src=RSSTue, 13 Jul 2010 11:52:26 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100713_0017.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100713_0008.aspx?src=RSSTue, 13 Jul 2010 02:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100713_0008.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100711_0002.aspx?src=RSSSun, 11 Jul 2010 08:29:56 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100711_0002.aspx?src=RSS 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... http://currents.westlawbusiness.com/Articles/2010/07/20100707_0024.aspx?src=RSSFri, 9 Jul 2010 02:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100707_0024.aspx?src=RSS The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from… http://currents.westlawbusiness.com/Articles/2010/07/20100707_0023.aspx?src=RSSThu, 8 Jul 2010 03:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100707_0023.aspx?src=RSS Time Warner Inc said it had offered to buy back about $4 billion of its debt...http://currents.westlawbusiness.com/Articles/2010/07/20100707_0013.aspx?src=RSSWed, 7 Jul 2010 13:46:28 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100707_0013.aspx?src=RSS Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a… http://currents.westlawbusiness.com/Articles/2010/07/20100701_0039.aspx?src=RSSFri, 2 Jul 2010 02:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100701_0039.aspx?src=RSS 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...http://currents.westlawbusiness.com/Articles/2010/07/20100701_0007.aspx?src=RSSWed, 30 Jun 2010 10:33:50 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100701_0007.aspx?src=RSS Propco-opco structures are a lot like the movie Casino: Both bring together gaming with refrigerated storage, and both are fraught with conflict... http://currents.westlawbusiness.com/Articles/2010/06/20100629_0018.aspx?src=RSSWed, 30 Jun 2010 03:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/06/20100629_0018.aspx?src=RSS 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… http://currents.westlawbusiness.com/Articles/2010/06/20100629_0028.aspx?src=RSSWed, 30 Jun 2010 01:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/06/20100629_0028.aspx?src=RSS