Sandrine Bradley
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Recent stories
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Hedgies gear up to enforce workouts
Lawyers are seeing a marked increase in queries from hedge funds regarding the best choice of legal mechanism to cram down minority lenders in different jurisdictions in restructuring situations. The cash-rich funds are piling into the debt of potentially distressed names such as Frans Bonhomme, which entered talks with lenders last week.
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La Seda faces insolvency if restructuring fails
Spanish chemicals company La Seda de Barcelona will be forced into insolvency this week unless lenders agree on a restructuring plan tabled by US fund Anchorage Capital Group, according to people close to the negotiations.
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Credit Suisse strategy given a boost
Credit Suisse posted the biggest profit for two years at its investment bank in the first quarter, after a surge in fixed income trading boosted revenues, validating management’s commitment to the business and rebutting critics who have argued it should follow Swiss rival UBS in cutting back.
- Assenagon ruling remains law
- Swiss banks languish as most inefficient
- Industry cost-cutting unrealistic, says Barclays
- Spain hot market for non-core assets
- Banks optimistic about asset sales
- Corporate defaults edge up in Europe
- P&M: NAB hires KPMG to advise on £5bn UK property portfolio
