Phase 1 implementation introduces requirements for CEOs of business trusts to disclose their interests in transactions, among other provisions.
March 14, 2024Genesis will only have to pay the fine if it can fully repay customers and other claims in its bankruptcy, including general unsecured claims.
February 5, 2024The new arrangement will make it easier to resolve civil and commercial disputes involving cross-border elements.
January 30, 2024In the ruling, the court noted that Evergrande has not been able to bring forward a concrete restructuring proposal after more than 18 months.
January 29, 2024Creditors rejected Hodlnaut's restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.
November 13, 2023Jonás Fernández said the rule changes will level the playing field among different banking structures in the EU, while ensuring that banks will remain safe.
November 9, 2023The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.
June 17, 2023Credit Suisse's "too big to fail" emergency plan would have triggered an "international financial crisis", according to Swiss finance minister Karin Keller-Sutter.
March 28, 2023FTX's replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.
January 25, 2023The revisions impose stronger corporate social responsibility obligations and require shareholders to make capital contributions if a company cannot repay its debts.
January 8, 2023