TOKYO / WAM The Japanese government approved a plan to enhance the disaster resilience of ...
Read More »Indian bankruptcies get a dose of karma, Uncle Sam style
India’s fledgling bankruptcy regime is turning both karmic and American. Eat, pray, love; applaud the shift. The government tweaked the 2016 insolvency law on Wednesday to disallow managements that have been “willful defaulters†from bidding for their own assets. That weird term has been defined by the central bank as instances where borrower firms didn’t repay while having the capacity ...
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