tag:blogger.com,1999:blog-1527840491496268397.post9189944666319844541..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Comment on Resignation of Suntech Directors ($STP)Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1527840491496268397.post-55526565047119794362013-08-30T21:36:17.833-07:002013-08-30T21:36:17.833-07:00"The Cayman Islands has long been regarded as..."The Cayman Islands has long been regarded as, and continues to be, a creditor-friendly jurisdiction."<br /><br />http://appleby-staging.v27.vuturevx.com/publication-pdf-versions/guides/guide-to-cayman-islands-insolvency-%28january-2011%29.pdfCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-73931080108606238302013-08-30T21:26:47.891-07:002013-08-30T21:26:47.891-07:00Yes! I'm about to post it.
Scheme of arrangem...Yes! I'm about to post it.<br /><br />Scheme of arrangement is the Cayman insolvency proceeding.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-87378324765372310892013-08-30T21:17:55.396-07:002013-08-30T21:17:55.396-07:00http://finance.yahoo.com/news/suntech-announces-de...http://finance.yahoo.com/news/suntech-announces-developments-restructuring-process-034800603.html<br /><br />The Company intends to immediately <b>commence preparations</b> for implementing a recapitalization plan that contemplates a <b>scheme of arrangement</b> as part of a <b>holistic restructuring</b> of the Suntech Group.Stevehttps://www.blogger.com/profile/11574596367875858439noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-66867333755148999782013-08-28T22:18:21.590-07:002013-08-28T22:18:21.590-07:00Oh, not necessarily.
They are about to lose the f...Oh, not necessarily.<br /><br />They are about to lose the first bondholder lawsuit. Unless they want to start forking over tax returns and bank statements in post-judgement discovery they are going to need to file bankruptcy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-4031325597601283892013-08-28T19:26:44.404-07:002013-08-28T19:26:44.404-07:00So it looks like this will continue to drag on pas...So it looks like this will continue to drag on past Friday?Anonymousnoreply@blogger.com