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 will analyze [...]
(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 fund manager John [...]
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 pay [...]
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 a year. In early [...]
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 action as [...]
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 are [...]
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 filing as [...]
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, the M&A world has indeed [...]
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 to operate [...]
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 with firms under [...]
