Legal heavyweight David Boies will represent a former Texas bankruptcy judge accused of improperly concealing his romantic relationship with a local attorney.
EOS Hospitality bought Brooklyn’s 183-room luxury hotel The William Vale for $177 million following a years-long bankruptcy involving its owner, All Year Holdings.
WOM and an ad hoc group of creditors agreed to maintain the bankruptcy proceedings in the US and plan to sign a deal in the coming days, Diario Financiero reported.
GREEN BAY, Wis. — Judges should be broadly integrating artificial intelligence technologies in their chambers while approaching generative AI—which can produce text and audio automatically—with skepticism, experts say.
A Hong Kong court has given Chinese developer <-bsp-bb-link state="{"bbHref":"bbg://securities/1638%20HK%20Equity","_id":"00000190-488c-d497-a7fb-ec8d35e70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Kaisa Group Holdings Ltd. seven more weeks to work on its debt restructuring plan in order to avoid being liquidated, but also warned this might be the company’s last chance.
Zachry Holdings Inc., the lead contractor of the Golden Pass liquefied natural gas export facility, said it received assurances in 2022 and 2023 that it would be paid for its work, despite mounting costs at the massive Texas plant.
Few <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CHCREDIT","_id":"00000190-46e7-d497-a7fb-eeef11ac0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chinese developers symbolize the long path to resolving the property debt crisis quite like <-bsp-bb-link state="{"bbHref":"bbg://securities/1638%20HK%20Equity","_id":"00000190-46e7-d497-a7fb-eeef11ac0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Kaisa Group Holdings Ltd., which will be trying to fend off liquidation in a Hong Kong court Monday.
<-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"00000190-46e2-d497-a7fb-eeef936a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Binance’s General Counsel Eleanor Hughes has a lot to keep her busy, ranging from the giant crypto exchange’s testy dispute with Nigerian officials to strict monitoring by US authorities as part of a landmark <-bsp-bb-link state="{"bbDocId":"S4HQUFDWX2PS","_id":"00000190-46e2-d497-a7fb-eeef936a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">plea deal.
Global <-bsp-bb-link state="{"bbHref":"bbg://news/topics/CMW","_id":"00000190-43f3-d497-a7fb-efffc2960000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">corporate bonds are on track for their worst month since late last year by one measure, reigniting the debate about the relative value of credit versus other fixed-income classes.
Welcome to The Brink, where we have the latest on the path forward for China real estate. We also have news on losses at Norinchukin Bank and the debt stack of car renter Hertz Global.
A Texas bankruptcy judge approved the sale of appliance parts maker <-bsp-bb-link state="{"bbHref":"bbg://securities/1537907D%20US%20Equity","_id":"00000190-3c95-d497-a7fb-fc9dc5df0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Robertshaw to a group of lenders that includes <-bsp-bb-link state="{"bbHref":"bbg://securities/0755354D%20US%20Equity","_id":"00000190-3c95-d497-a7fb-fc9dc5df0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Bain Capital, <-bsp-bb-link state="{"bbHref":"bbg://securities/43409Z%20US%20Equity","_id":"00000190-3c95-d497-a7fb-fc9dc5df0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Eaton Vance Management, <-bsp-bb-link state="{"bbHref":"bbg://securities/830756Z%20US%20Equity","_id":"00000190-3c95-d497-a7fb-fc9dc5df0003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Canyon Capital Advisors and private equity owner <-bsp-bb-link state="{"bbHref":"bbg://securities/0277677D%20US%20Equity","_id":"00000190-3c95-d497-a7fb-fc9dc5df0004","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">One Rock Capital Partners.
<-rte-company state="{"_id":"00000190-3c31-d497-a7fb-fc3d10470000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp. and <-bsp-bb-link state="{"bbHref":"bbg://securities/0193751D%20US%20Equity","_id":"00000190-3c31-d497-a7fb-fc3d10470002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">MedImpact Healthcare Systems Inc. are fighting over which company is responsible for more than $200 million in extra costs connected with an acquisition, a fresh hurdle for the pharmacy company as it attempts to forge a path out of bankruptcy.
Mercon Coffee Corp.'s bankruptcy plan unfairly discriminates against certain junior creditor groups and seeks to shield too many third parties from litigation, the Justice Department said.
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