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Amy Finch
Data Journalist, Debtwire
David Graves
Associate Editor, Debtwire
'Laird of Moscow' Mints' assets frozen as Bank Otkritie damages claim comes to London
When the Tower of Lethendy, a baronial-style eight-bedroom castle near Perth, Scotland, went on the market in 2015 for more than GBP 2.5m, pop icon Taylor Swift was among those rumoured to be an interested buyer.
Asli Orbay
Reporter, Arbitration and Litigation, Debtwire CEEMEA
New DIFC insolvency law at cutting edge of global legal practice, despite limited applicability
The Dubai International Financial Centre (DIFC) enacted its new Insolvency Law on 30 May, introducing internationally utilised insolvency and restructuring tools to offshore DIFC jurisdiction.
Alexander Dooler
Credit Markets Reporter, Debtwire
Vostochny Bank could avoid bailing-in subs if shareholders provide support
Vostochny Bank’s (Orient Express Bank) partial sale of its retail loan portfolio might not raise sufficient funds to comply with the central bank regulations and shareholder support is likely to be necessary to bolster its capital, agreed five sources polled by Debtwire. The Russia-based private bank needs to boost its capital levels by end-August to avoid a mandatory conversion of subordinated debt into equity or its principal write-down.
Turkey's Energy Fund falters as operational turnaround urgency grows
With few signs that a financial fix for Turkey’s debt-laden energy sector – proposed by the government earlier this year – is any closer to materialising, concern is mounting that not enough is being done to achieve an urgently needed operational turnaround in the industry, several market participants told Debtwire.
Tomas Cutts
Reporter, Russia & CIS, Debtwire
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