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Last December creditors convinced a Bahamian judge to freeze a Bahamain trust to safeguard $450 million a Kuwaiti sheikh had allegedly defrauded investors in a series of real estate deals.
Last December creditors convinced a Bahamian judge to freeze a Bahamian trust to safeguard $450 million a Kuwaiti sheikh had allegedly defrauded investors in a series of real estate deals.
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But on the other hand, suppose that despite the high rents in the second period potential creditors become convinced that there will be no guarantee on newly incurred liabilities of intermediaries.
Devising a way to impose controlled losses on failed banks' creditors, and convincing markets that it really will be used next time there is a crisis, will be difficult.
If creditors can convince the court that the employees were overpaid -- or that the payments were made to keep money out of creditors' hands, a much more difficult argument to prove -- then the judge can void the payments and order the money returned, said Lynn LoPucki, a law professor at the University of California at Los Angeles.
Mr Palocci convinced creditors that Brazil would pay its colossal public debt.
Though Sirleaf convinced creditors to forgive around $1.2 billion of Liberia's public debt, and she won the Nobel Peace Prize in October 2011, her opponents accused her government of electoral fraud in the presidential election that same month, and her rival boycotted the November runoff.
Page B17 Business GRIM OUTLOOK AS GREECE NEGOTIATES WITH CREDITORS Even as Greece tries to convince creditors that its debt-reduction efforts are on track, gloomy International Monetary Fund forecasts about the country's long-term economy may derail talks meant to secure the nation's next big installment of bailout funds.
Germany and other creditors need to be convinced that such integration is not an open-ended invitation to profligacy at their expense.
I advised her to sell the house her father had left her, and I convinced her creditors to wait for the payments.
In 2003 the small Latin American country convinced its creditors to swap their bonds for new ones with the same principal, same interest rates and five years' longer maturity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com