Bankruptcy

UPDATE 5-Puerto Rico governor calls for bankruptcy; adviser says island 'insolvent'

* Former bankruptcy judge: Puerto Rico "urgently needs our help"

UPDATE 1-Baha Mar resort in Bahamas files for U.S. bankruptcy

June 29 - The developer of the $3.5 billion Baha Mar resort in the Bahamas filed for bankruptcy in the United States on Monday and blamed its Chinese general contractor for missing its completion deadline, costing critical revenue.

29 Jun 2015

No easy way for Puerto Rico to overhaul government debt

NEW YORK, June 29 - To restructure government debt Puerto Rico will need to reach a negotiated settlement with creditors or modify its constitution, a long and complicated undertaking that may not succeed.

29 Jun 2015

Baha Mar resort in Bahamas files for U.S. bankruptcy

June 29 - The developer of the $3.5 billion Baha Mar resort in the Bahamas filed for bankruptcy in the United States on Monday and blamed its Chinese general contractor for missing its completion deadline, costing critical revenue.

29 Jun 2015

Puerto Rico's deepening crisis threatens high-yield U.S. funds

June 29 - Puerto Rico's deepening financial crisis could speed up an exodus of money from U.S. municipal bond funds that have placed big bets on the cash-strapped Caribbean island.

Bonds, Regulatory News, 29 Jun 2015

Lehman 'repo' clients are not customers - U.S. appeals court

NEW YORK, June 29 - A U.S. appeals court said banks that enter repurchase agreements with brokerages do not qualify as "customers" entitled to special legal protections when those brokerages fail, in a case arising from Lehman Brothers Holdings Inc's 2008 bankruptcy.

Private Capital, 29 Jun 2015

BRIEF-Valoe updates on partnership negotiations; financing situation still very tight

* Valoe has concluded business negotiations for the first manufacturing partnership agreement with a foreign customer

29 Jun 2015

BRIEF-PCZ files for bankruptcy with possibility of creditors' agreement

* Said on Saturday that it filed for bankruptcy with possibility of creditors' agreement motion to regional court in Wroclaw, Poland

29 Jun 2015

UPDATE 1-ECB considers tightening emergency funding for Greek banks -sources

FRANKFURT, June 28 - European Central Bank policy setters are considering tightening Greek banks' use of an emergency funding lifeline but keeping the back-up facility open, people familiar with the matter said.

28 Jun 2015

ECB considers tightening emergency funding for Greek banks - sources

FRANKFURT, June 28 - European Central Bank policy setters are considering keeping Emergency Liquidity Assistance open to Greek banks on Monday but imposing a higher valuation discount on the security they offer in return for the funding, people familiar with the matter said.

28 Jun 2015

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