by Panduka Karunanayake The current fluid situation in the country has also brought to light some fundamental issues. Ordinarily, in the midst of pressing issues, such as what we are experiencing, it is customary to push the fundamental questions to the background. But it is precisely because these questions haveRead More →

Barcelona’s attempts to once again secure a solid place in La Liga and the Champions League this season have seen the heavily indebted Catalans gamble with their futures to secure themselves a surprising summer spending spree. A year after having to let Lionel Messi go after tearing up the €1.35bnRead More →

SCOPUS Imtiaz A Hussain | Published: 04 August 2022 21:59:21 With the public bathing in the presidential pool and picnicking on the palace lawns, Sri Lankans are feeling a smoldering pain elsewhere. Albania, Argentina, Ecuador, Gambia, Kenya, Panama, Pakistan, Rwanda, Spain, Sudan and Uzbekistan are among more than 100 countriesRead More →

In the aftermath of its 2003 invasion of Iraq, the United States was eager to restructure the struggling country’s sovereign debt. International sanctions since the Gulf War meant that Iraq was economically isolated, but the country had a large stock of unpaid debts to governments, financial institutions and trading partnersRead More →

The High Court has ended personal insolvency agreements (PIAs) writing off millions of euros in debt, following revelations that a couple secretly owned a luxury Spanish property. The decision came after an Irish Independent investigation found convicted robber Tom Colton (46) – better known as ‘the psychic con man’ –Read More →

European Central Bank President Christine Lagarde addresses a news conference following the Monetary Governing Council meeting in Frankfurt, Germany March 10, 2022. Daniel Roland/Pool via REUTERS Join now for FREE unlimited access to Reuters.com Register LUXEMBOURG, June 16 (Reuters) – Eurozone finance ministers on Thursday called for a return toRead More →

FactsDecisionComment How should liquidators manage the administrative burden of adjudicating thousands of evidences of low value debts in a liquidation estate, without exhausting the limited assets available in the liquidation estate? The Grand Court of the Cayman Islands recently approved a pragmatic solution. Facts Premier Assurance Group SPC Ltd (inRead More →

(Credit: Unsplash) This article is brought to you through The European Sting’s collaboration with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Training Content 147 governments have defaulted on their debts since 1960. If Russia does not pay its interest, creditors could lose money. But global financial markets areRead More →

The return to prosperity was long for Nicolas Cage. Nicolas Cage (“Nick Cage”) enjoys a cocktail in Mallorca, Spain, in THE UNBEARABLE WEIGHT OF MASSIVE TALENT. Photo credit: Katalin Vermes/Lionsgate The Oscar-winning actor was once a top man earning $20 million a movie. But after a series of financial meltdownsRead More →

How should liquidators manage the administrative burden of adjudicating thousands of evidences of low value debts in a liquidation estate, without exhausting the limited assets available in the liquidation estate? The Grand Court recently sanctioned a pragmatic solution. introduction Premier Assurance Group SPC Ltd (in official liquidation) (the Company), aRead More →

Carmen Reinhart, Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School, attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 17, 2017. REUTERS/Ruben Sprich/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register Bank misconduct slows progress on sovereignRead More →

FDCPA Fair Debt Collection Practices Act on a table. Getty Last week, City University of New York (CUNY) administrators voted to stop withholding student transcripts as a debt collection tool. This decision follows the similar decision made by the State University of New York (SUNY) two weeks ago. Governor HochulRead More →

NEW YORK After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on January 19 contrasted the deal with the amount of money that rich countries have promised to help poor countries facing higher indebtedness. . class=”cf”> “IRead More →

In 2012, Mr Perelman sued his art dealer, Larry Gagosian, claiming he had been repeatedly pressured into spending more on works than they were worth. In 2013, Harland Clarke, another Perelman company, sued Michael Milken over a settlement. Mr. Perelman said it wasn’t personal, but still. Mr Milken was –Read More →

In common parlance, the point of view on the issue of foreign debt has been manipulated. In this way, words and concepts have been and are used to induce and deceive, to favor and favor a watered-down vision, with psychological and cultural subjugation, which has produced and still produces aRead More →

PESHAWAR — Chinese debts are squeezing Pakistan’s finances as external payments are expected to climb to $14 billion by the end of this financial year. Almost half is due to Chinese commercial banks, mainly for projects related to the Belt and Road Initiative (BRI). Observers say Islamabad must ask ChineseRead More →

August 16, 2021 Alex KirklandESPN-FC Barcelona president Joan Laporta has revealed the club’s debt now stands at 1.35 billion euros while defending his management from criticism from his predecessor Jose Maria Bartomeu, describing an open letter published by Bartomeu last week last as “full of lies”. Laporta – who tookRead More →

China and the rule of tax havens! By Wolf Richter for WOLF STREET. US non-financial corporate debt had already risen in recent years, but when the pandemic hit, companies went on a borrowing spree as the Fed clamped down on interest rates to record lows, even for riskiest borrowers. TheseRead More →

In the midst of a global pandemic, football clubs are struggling to stay afloat. Gargantuan payrolls, monumental agent fees and astronomical transfer deals are just a few of the reasons. Real Madrid and Barcelona are two clubs facing mounting debts. They are also top of the European Super League. TheRead More →

Madrid Embarrassed when a man in a tuxedo and top hat follows you to a restaurant and silently joins your date for lunch? Mission accomplished. Mortified when a trio of round men dressed as superheroes ask your neighbors for donations to improve your financial situation? Juan Carlos Granda considers hisRead More →