May 25, 2016

The Daily Bankruptcy News

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Law:

Report Sees Top Deal Lawyers Pull Ahead as Billing Rates Soar
(DBN)

GCs Are Hiring Fewer New Law Firms, Report Finds
(DBN)

Survey Says It’s Time For Law Firms To Change Their Ways
(DBN)

How A.I. Will Excel at Legal Work Can Technology Replace Lawyers?
(DBN)

A Robot That Automatically Tracks Your Billables? Meet Smokeball Ai
(DBN)

Greenberg Traurig Grows Bankruptcy and Restructuring Practice in New York and Houston
(DBN)

PayPal Co-Founder Understands How Bad Biglaw Really Is
(DBN)

Is Hunton & Williams Looking For a U.K. Tie-Up?
(DBN)

Head of DLA Piper in Phila., Dies at 51
(DBN)

Mobile Platforms Critical to Law Firm’s Web Success
(DBN)

These law schools top rankings that focus on quality legal jobs
(DBN)

Everything Wrong With The ATL 2016 Top 50 Law School Rankings
(DBN)

Too S--- for the Boss
(DBN)

Big Firms Have Paid Big Bucks for Clinton Speeches
(DBN)

Casey Anthony allegedly paid her lawyer with s--
(DBN)

Court of Appeals disbars Baltimore Co. bankruptcy attorney
(DBN)

Boutique Law Firm Swallowed by Boies Schiller
(DBN)

Cloud-Based Subscription Software Or Desktop Version?
(DBN)

Beyond Biglaw: Teaching The Basics
(DBN)

5 Tips For Improving Diversity In The Legal World
(DBN)

How Does Litigation Finance Influence Attorneys?
(DBN)

Cosby To Stand Trial Accuser says Bill Cosby attacked her as she lay on a sofa 'paralyzed' by drugs Cosby Assault Case Stands After Court Dissects 2005 Police Report
(DBN)

Documentary featuring undercover prisoners leads to firings for alleged excessive force, negligence
(DBN)

Reports: Baylor to fire president Ken Starr over s-- assaults scandal
(DBN)

‘Bad-a** lawyer’ can’t sue over parody Twitter account, appeals court says
(DBN)

The Many Reasons Why This Law Professor Thinks You Should Read ‘The Anxious Lawyer’
(DBN)

Dear Lawyers: Maybe Don’t Wear Your KKK Hood
(DBN)

‘Muffy, He’s Murdering Me’: Law Firm Managing Partner Testifies Against Lawyer Accused Of Slitting His Throat
(DBN)

Bathroom Wars: Everything new is old again
(DBN)

The Nationwide Crime Wave Is Building
(DBN)

Justice Department Will Also Seek Death Penalty Against Dylann Roof
(DBN)

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Judges:

Clarence Thomas' Death Row Dissent Is Complex & Has Everyone Confused
(DBN)

How Clarence Thomas Broke My Heart
(DBN)

Man is acquitted of shooting assault on federal judge, but convicted on lesser counts
(DBN)

Judge says handcuffing public defender taught her a lesson about ‘proper decorum’ in court
(DBN)

Supreme Court may or may not split 4-4 in a handful of cases, Breyer says
(DBN)

Jesus Christ Withdraws Support In State Judge Election
(DBN)

Even in the Face of Precedent, Some Justices Just Don’t Like it When a Convicted Petitioner Is Right on the Law
(DBN)

While the Supreme Court Remains Deadlocked, the Lower Courts Are Making Power Grabs While Legislators Stand By
(DBN)

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Wall Street:

Stocks Rise on Higher Oil Price, Greek Debt Relief Deal
(DBN)

S&P 500 Logs Biggest Gain in Two Months
(DBN)

US stocks close higher on back of tech, bank rally
(DBN)

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Layoffs:

Shell to Lay Off Another 2,200 Staff
(DBN)

Close to 1,000 laid off from Halliburton Duncan plant
(DBN)

Schnucks issues layoff notice for 234 Bridgeton employees
(DBN)

Motive Power announces layoff of 210 employees
(DBN)

Nokia could cut 10,000-15,000 jobs worldwide - union
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Donald Trump might have a big problem if he refuses to release his tax returns 'The question is transparency': Trump campaign manager spars with CBS anchors over Trump's tax returns Lewandowski: Trump Paid ‘Lowest Tax Rate Possible’ Here's when you can tell if Donald Trump's poll surge is the real thing Jimmy Carter: Donald Trump has tapped into a reservoir of 'inherent racism' John Kasich: It's going to be 'really hard' to endorse Donald Trump Is Donald Trump’s Hair a $60,000 Weave? Donald Trump rages on Twitter after veterans donations are called into Donald Trump Wanted Vets Kicked Off Fifth Avenuequestion Paul Ryan’s Concern: Will Trump Respect Congress’s Power? The Danger of President Trump Isn't Dictatorship
(DBN)

More Americans Consider Third-Party Options
(DBN)

Raucous Hearing on IRS Targeting Scandal No One Hates the IRS More Than House Republicans IRS Commissioner's Day of Impeachment
(DBN)

Polls: Clinton’s Drop Has Magnified Trump’s Rise Clinton Fact Check: "The only two (Donald Trump tax returns) we have show that he hasn't paid a penny in taxes."
(DBN)

How a Sanders-Clinton Thaw Could Play Out
(DBN)

Elizabeth Warren Is Playing the ‘World’s Smallest Violin’ for Donald Trump - Calls Trump 'Small, Insecure' in Speech
(DBN)

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Retailing:

Macy's is making one fatal mistake about its customers
(DBN)

Best Buy offers weak profit view, says CFO stepping down
(DBN)

Sports Authority shutting down with giant going-out-of-business sale Liquidators Win Approval to Sell Sports Authority Inventory
(DBN)

Can Zumiez Survive The Death Of Retail?
(DBN)

Brutal chart shows death is imminent for America's department stores
(DBN)

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Religion:

Creditors: Minn. archdiocese that filed bankruptcy has $1.7B Abuse Victims Say Twin Cities Archdiocese Shielded Assets
(DBN)

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Transit:

Yonkers bus co. owes $3.7M, files bankruptcy
(DBN)

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Coal:

Foresight Energy reaches debt restructuring deal
(DBN)

Colorado coal industry collapse leaving mining towns unsure
(DBN)

Suspect arrested in West Virginia death of former Patriot Coal CEO Bennett Hatfield
(DBN)

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Opera:

NYC Opera announces 1st full season after bankruptcy
(DBN)

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Student Debt:

How Much are Young Americans Paying a Month on Student Debt? Less than You Think
(DBN)

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Healthcare:

Haynes and Boone Advises Forest Park Medical Center at Southlake in Bankruptcy Sale
(DBN)

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Debt Collection:

Current Trends in Consumer Junk Debt Buyer Litigation
(DBN)

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Education:

The Tuition 'Claw Back' Phenomenon: Reasonably Equivalent Value and Parental Tuition Payments
(DBN)

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Personal Finance:

Here's your most urgent debt, according to a financial planner
(DBN)

The One Time It's OK to Pile Up Credit-Card Debt
(DBN)

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Mass Torts:

Calif. High Court Reinstates Asbestos Verdict
(DBN)

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Corporate Governance:

When the CEO Reports to Private-Equity Bosses
(DBN)

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Economy:

NY Fed: Household Debt Increased in Q1 2016, Delinquency Rates Declined
(DBN)

Despite Increasing Debt, The Economy Continues To Grow Slowly U.S. Debt Binge Not Producing Growth Because It’s Mostly For Consumer Spending
(DBN)

Balance Due: Credit-Card Debt Nears $1 Trillion as Banks Push Plastic Household Debt Steps Up, Delinquencies Drop
(DBN)

Workers Get a Little More of the Income Pie
(DBN)

Millennials are more likely to live at home than anywhere else for the first time in history
(DBN)

Sonders: All Signs Point to Fed Rate Hike in Summer
(DBN)

Signals from the U.S. Yield Curve: World Can’t Handle Fed Rate Hikes
(DBN)

The Fed's Amazing Self-Fulfilling Forecast
(DBN)

Summers: Our Next Recession Staring Trump
(DBN)

What the Future of Work in America Looks Like
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

The Antidote to Zombie Foreclosures: How Bankruptcy Courts Should Address the Zombie Foreclosure Crisis
(DBN)

New-Home Sales In US Surge To Highest Level In Eight Years New Home Sales increased sharply to 619,000 Annual Rate in April New Home Prices Comments on April New Home Sales
(DBN)

Lowest Number of Foreclosure Starts in 10 Years
(DBN)

U.S. Households' Mortgage Debt Rises to Four-Year High, Fed Says
(DBN)

Justice's Bank of America Suit Failed Basic Contracts Test
(DBN)

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Municipalities:

6 Things Detroit's Bankruptcy Can Teach You About Money
(DBN)

The Waterfall of Tiers: A Relocation Cost-Based Theory of Municipal Insolvency and a Proposal for a New Municipal Bankruptcy Regime
(DBN)

Is Delegate Math a Factor in Bernie Sanders’s Opposition to Puerto Rico Debt Deal? Sanders’ Puerto Rico Fight Shows Limits to His Clout in Congress
(DBN)

Puerto Rico Debt Bill to Get ' Good Majorities ,' Bishop Says
(DBN)

Save Puerto Rico by setting the island free
(DBN)

U.S. Sen. Durbin cites problems with House Puerto Rico debt bill
(DBN)

Puerto Rico Debt Deal Faces Hurdles
(DBN)

Puerto Rico crisis bill strengthens creditors , but cram-down remains
(DBN)

The Puerto Rican debt restructuring bill: why it’s worth supporting
(DBN)

House GOP faces first vote on Puerto Rico bill
(DBN)

Despite money woes, Atlantic City's attractions still open
(DBN)

Municipal Bankruptcy, Atlantic City and Other Games of Chance
(DBN)

Atlantic City Mayor: 'It's up to us now'
(DBN)

Atlantic City Rescue Plan is Politics as Usual for Bondholders
(DBN)

Rhodes offers to facilitate audit of DPS
(DBN)

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Oil/Gas:

Real Property or Disguised Financing? A Closer Look at the Treatment of Oil and Gas Financing Transactions in Bankruptcy
(DBN)

The new normal in oil prices? Wild swings Tues.: Oil Prices Spike Ahead Of Inventory Reports Oil Prices Spike Ahead Of Inventory Reports
(DBN)

Haynes and Boone Partner Pens Book on the History of Oil & Banking
(DBN)

Weds.: Oil at Seven-Month High as U.S. Stockpiles Drop
(DBN)

OPEC Head Calls for $65 Oil
(DBN)

Citi Says Oil “Turns a Corner”: Barrel Price at $50 in Q3
(DBN)

Why Cheap Shale Gas Will End Soon Why Cheap Shale Gas Will End Soon
(DBN)

Oil's Recovery Under Threat as Tankers Run in Circles Off China
(DBN)

Energy Gets Its Junk Back On
(DBN)

Libya Ramps Up Oil Production Just as Market Was Rebalancing
(DBN)

Iraq Sticks to Oil Output Growth Plan Despite Spending Cuts
(DBN)

Wells Fargo Cuts Its Oil Risk Wells Fargo Trims 66% of Energy Credit Lines Reviewed Amid Oil Slump Wells Fargo warns energy loan losses will grow
(DBN)

OPEC president: ‘Fair price’ for oil badly needed
(DBN)

Things have gotten so bad in the oil industry that workers have stopped paying their car loans
(DBN)

Linn Energy, LinnCo delisted from Nasdaq Linn Energy : Likelihood Of Equity Recovery Linn Energy: A New Low
(DBN)

Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up
(DBN)

Crystal balls, hard truths confront bankrupt energy companies
(DBN)

Inside Halcón Resources' Bankruptcy Part 2 OF 3
(DBN)

Seventy Seven Energy - That Ship Has Sailed
(DBN)

Top U.S. Energy Companies Falter Under Weight of Depressed Prices, Threat of Bankruptcy – BDO Report
(DBN)

Insurers risk financial stability through energy holdings, report says
(DBN)

Chinese Company Searching for Billion-Dollar Oil Deals in Texas
(DBN)

Post Oak Closes Third Fund, as Energy Industry Struggles to Regroup
(DBN)

Bonanza in Tailspin as Credit Noose Tightens
(DBN)

Trump advisers push him to target OPEC, regulations in big energy Trump courts energy industry
(DBN)

Breitburn Energy Partners: Insiders Start Selling Units
(DBN)

Intervention Energy Holdings LLC Files for Chapter 11 Protection
(DBN)

Shell Faces Rising Investor Discontent Over Executive Pay Shell’s $70 Billion Debt Joins Dividend as Top Priority: Chart
(DBN)

SembMarine denies EIG allegations
(DBN)

U.S. Shale Oil Boom Over Says CSMonitor - Hahahahaha
(DBN)

Norway: Forget About $100 Crude Coming Back
(DBN)

No recession for Texas, economist says
(DBN)

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Corporate Reform:

Why the Law Failed to Punish Wrongdoers in the Financial Crisis
(DBN)

The Bank Fraud That Wasn’t
(DBN)

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Travel:

3 reasons TSA lines are worse than ever
(DBN)

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Celebs:

Judge rules 'RHONJ' star Teresa Giudice's bankruptcy case must be reopened
(DBN)

Is Rush Limbaugh in Financial Trouble?
(DBN)

Baylor Fires Ken Starr Over S-- Scandal
(DBN)

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Media:

Is someone trying to bankrupt Gawker?
(DBN)

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Aviation:

Bay area aircraft maintenance company files for Chapter 11 bankruptcy
(DBN)

Bombardier Inc cuts demand forecast as business jets go begging
(DBN)

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Alternative Finance:

Is LendingClub On Its Way To Bankruptcy?
(DBN)

Banks Said to Devise Plans for Cutting Back Online Lending Risk
(DBN)

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Radio:

IHeartMedia Wins Legal Fight
(DBN)

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Banking:

Wells Fargo Says It Will Miss Profit Targets
(DBN)

Ex-Barclays Trader Says Rivals ‘Corrupt’ in Setting Libor
(DBN)

The Libor Mess: How It Will Hit Bank Profits
(DBN)

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Autos:

Mitsubishi Motors Posts Special Loss Over Scandal, Warns of Rising Costs
(DBN)

VW, US Make Progress Towards Final Deal
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

The Distress Research Indices and a Fresh Look at the Causes of Healthcare Distress
(DBN)

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Property of the Estate:

Debtor's Life Insurance Policy Belongs to Bankruptcy Estate
(DBN)

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Miscellaneous:

Lookback Period – Twelve Weeks
(DBN)

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Interest:

Default Interest Rates are Presumed Reasonable Under Sec. 506(b), and a Bankruptcy Court May Not Use the Fair and Equitable Language of Sec. 1129(b) to Conclude Otherwise
(DBN)

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Discrimination:

The Bankruptcy of Refusing to Hire Persons Who Have Filed Bankruptcy
(DBN)

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Mediation:

6 Reasons Why Bankruptcy Mediation is a Process, Not a One-and-Done Session: Part Five — Multiple Party Realities
(DBN)

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Cross-Border:

Daebo International Shipping: Reaffirmation of Chapter 15 Power and Policy
(DBN)

Why Two Facets of Chapter 15 Rulings Hinder Cross-Border Insolvency Petitions in the United States
(DBN)

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Chapter 13:

First Impressions and Prohibited Mortgage Modifications in Bankruptcy
(DBN)

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Avoidance Actions:

Leading Edge Logistics - Preference Actions Filed
(DBN)

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Bankruptcy Reform:

ABI Commission’s Report on the Reform of Chapter 11: Small and Medium Businesses, Sales of Assets, Financing, and Plans
(DBN)

No Seal No Deal: Amending Federal Rule of Bankruptcy Procedure 9019 to Require Judicial Approval of Settlement Agreements
(DBN)

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Consumer Bankruptcy:

Recent Developments in Bankruptcy Regulation: Mortgage Servicing Rules, the FDCPA, and the CFPB
(DBN)

Lien Stripping in Chapter 20 Bankruptcy: A Permissible Relief to Debtors
(DBN)

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Environmental:

Trust(ee) and Abandonment Issues: A Proposal for New Action Regarding Abandonment of Environmentally Contaminated Property
(DBN)

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Successor Liability:

Reconciling Bankruptcy Law and Corporate Law Principles: Imposing Successor Liability on GM and Similar “Sleight-of-Hand” 363 Sales
(DBN)

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Shipping:

Paying twice for bunkers
(DBN)

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Rail:

Kansas City Southern Expects Rough 2016 for Rail Industry
(DBN)

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Alternative Energy:

SolarWorld is reportedly a bankruptcy risk due to Hemlock lawsuit
(DBN)

NY board poised to OK $485M for solar plant amid questions
(DBN)

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Taxis:

Banks stepping up efforts to collect on taxi medallion loans
(DBN)

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Sovereigns:

What The World Can Learn From Argentina's Holdout Saga
(DBN)

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UK:

Last-minute bid for BHS as liquidation threat looms Former Mothercare managing director joins BHS bidding Advisers to BHS buyer to face MPs
(DBN)

Could Barclays, HSBC, RBS and Lloyds face bankruptcy?
(DBN)

A Contradiction over Jurisdiction? English Contract Law v Foreign Insolvency Law
(DBN)

Tata Steel deadline: the potential bidders
(DBN)

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PIIGS:

IMF Disputes Fiscal Target of Greek Bailout Eurozone finance ministers happy with Greece IMF Versus EU: The Battle Over Greek Debt Relief Euro Area Signals IMF Concessions on Greek Debt as Talks Begin Greece's Fiscal Performance Potential Divides Creditors : Chart Greece Wins Pledge for Debt Relief as IMF Bows to Euro Plan Greece Debt Relief to Pivot Around Germany's 2017 Ballot
(DBN)

Greece reaches breakthrough deal with creditors Greece gets US$11.5b fund from eurozone creditors How Greece Got Another Debt Deal Greek Debt: Has the Can Been Kicked Down the Road?
(DBN)

Greece hopes to get new loans approved by eurozone creditors
(DBN)

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Canada:

23-year-old who owed $50000 thought 'debt was a normal situation'
(DBN)

Environment, future of companies take back seat to creditors in oil well case
(DBN)

Canada's Banks Continue to Face Oil -Price Fallout
(DBN)

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China:

Zombie companies are holding China's economy hostage
(DBN)

Is China on a Path to Debt Ruin?
(DBN)

Making the case for Chinese debt equity swaps
(DBN)

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Russia:

Russia Finds Way Back to Eurobond Market Riddled With Potholes
(DBN)

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Bahamas:

CCA Return 'Beyond Stupid' If Local Creditors Ignored
(DBN)

DNA: Resort Talks 'Will Not Favor Bahamians'
(DBN)

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Venezuela:

Venezuela gets ugly for some US companies
(DBN)

Venezuela Gold Holdings Shrink 16% as Maduro Battles Crisis
(DBN)

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Malaysia:

Goldman Sachs Sees Malaysian Deals Evaporate Amid 1MDB Concerns
(DBN)

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South Korea:

Banks set to suffer from exposure to troubled shipbuilders
(DBN)

Korean Shipbuilder STX Bound for Receivership Court receivership looms larger over STX Offshore & Shipbuilding
(DBN)

Hyundai Merchant Marine Creditors Agree to $570 Million Swap
(DBN)

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Australia:

Insolvency reform: let’s not forget about the scheme of arrangement regime (again!)
(DBN)

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Caymans:

Cayman Islands bucks trend in offshore insolvency petitions
(DBN)

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India:

Burned Indian Bankers Turn Scrooges After Bad Loans Swell Losses
(DBN)

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MENA:

Gulf banks see more loan defaults as oil slump plays out
(DBN)

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