Score one for a foreign creditor
Article Abstract:
United StatesE investment bank Goldman SachsE received a Seoul district courtEs favorable judgment wherein the property of Jinro (South KoreaEs largest liquor producer) is placed under a receivership after it failed to make payments to Goldman SachsE after it rescheduled debt payments for five years with its creditors like Goldman SachsE, Morgan Stanley and Deutsche Bank. The repercussions of this judgment on foreign investment in South Korea have been described.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Bain's fault or bad luck that KB Toys failed?
Article Abstract:
Bain Capital Inc. took control of K-B Toys putting up an $18 million investment, the rest of the purchase was financed with debt and is now in litigation with the specialy store. Bain Capital Inc. collected $121 million in dividend in 16 months, while K-B Toys went further into debt and filed for bankruptcy protection in 2004.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Citigroup says Parmalat's woes weren't obvious
Article Abstract:
In the Parmalat S.p.A. fraud investigation, Citigroup Inc. has said that it was completely unaware of the dairy companies' financial troubles.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Switched on for a hard sell. Butt out. Commercial break: The art of selling
- Abstracts: Konica credits cost reductions for 44% profit jump, as sales ease. Mizuho raises its profit estimate
- Abstracts: Airbus says Boeing's plan for jet may violate rules: U.S. company's financing of new 7E7 with partners from Japan stirs concerns
- Abstracts: SAP profit rises 11% on strong U.S. performance. SAP's profit rises 43% despite sluggish sales. Software firm raises outlook on positive 3rd-quarter results
- Abstracts: Moscow trumps West in battle for clout in former Soviet States. Russian car maker comes under sway of old pal of Putin