Categoria: Internacionais, Nacionais

Fabio Rosas – Restructuring Committee Jorge Queiroz – Council Chairman IBGT Special thanks to: Renata de Almeida Lutke The Brazilian Bankruptcy Law of 2005 (“BBL”) establishes three major mechanisms that may apply to troubled businesses: (i) bankruptcy as forced liquidation, (ii) in-court reorganization, and (iii) out-of-court reorganization. For the purpose of the present paper, we […]

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(Reuters) – The U.S. Securities and Exchange Commission is accusing Goldman Sachs Group Inc of committing fraud in a complicated transaction involving securities known as collateralized debt obligations. The particular deal that Goldman entered into with Paulson and others was called ABACUS 2007-AC1. Here’s how the deal worked, according to the SEC’s complaint: 1) Hedge […]

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Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator. The civil lawsuit is the biggest crisis in years for a company that faced criticism over its […]

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How Private Equity Could Rev Up the U.S. Economy Two out of five private equity firms will disappear. The rest will feast off the financial wreckage By Peter Carbonara and Jessica Silver-Greenberg Business Week Donald B. Marron, founder of the $3 billion private equity firm Lightyear Capital, has been eyeing financial wreckage for more than […]

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The Impact of the Chrysler Bankruptcy RGE Analyst Team | May 8, 2009 On April 30, Chrysler filed for Chapter 11 Bankruptcy protection from its current creditors.  As such, Chrysler will be able to operate as a going concern, while the company renegotiates its debt structure and other obligations.  The U.S. government has described Chrysler’s […]

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General Motors – Distressed Debt Exchange Offer ($27b) General Motors has announced it is commencing public exchange offers for $27 billion of its unsecured public notes. General Motors Nova Scotia Finance Company, a subsidiary of GM, is jointly making the exchange offers with GM with respect to its pound sterling denominated notes. The exchange offers […]

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Lenders Appear To Be Driving Chrysler To Bankruptcy Joann Muller April DETROIT -Just hours after President Barack Obama told the nation he was hopeful Chrysler would become viable and that it might be able to avoid bankruptcy, talks between his automotive task force and lenders reportedly broke down, raising the likelihood of a Chapter 11 […]

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M&A: A Smart Strategy in a Down Economy The general thinking is to hunker down and avoid acquisitions in a recession. But economic gray days offer golden opportunities By Frank Aquila     Not surprisingly, the pace of merger activity in 2008-09 has slowed dramatically as compared with recent years. Excluding a few mega deals, […]

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Rumours Resurface About Power Struggle At Top Firm MarketWatch reports that senior executives at Bank of America Merrill Lynch are ‘locked in a stand-off’, as European bosses ‘argue over how the business should be run’. At issue appears to be the way that the European operation is run. Merrill is said to want to continue […]

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Albany Bans Placement Agents for Pension Fund The New York Times Amid a widening investigation into possible kickbacks involving New York’s pension fund, Thomas P. DiNapoli, the state’s comptroller, announced Wednesday that he was banning placement agents from being involved in the fund’s investments. Mr. DiNapoli also said his office was reviewing the fund’s investments […]

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