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  • March 5- Puerto Rico's Government Development Bank said Wednesday that it hired Millco Advisors LP, a Washington, D.C.- based affiliate of Millstein& Co LP to evaluate potential funding sources and financial proposals for the bank and the commonwealth.

  • NEW YORK, March 4- Beleaguered Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm, according to people familiar with the matter.

  • Others, including Britain and the Netherlands, have taken longer. Bankia, Spain's fourth-biggest lender, needed 22.4 billion euros in bail-out funds from Europe and Spain's bank restructuring fund FROB. Britain pumped 66 billion pounds into Royal Bank of Scotland and Lloyds in 2008 and 2009 and provided tens of billions more in liquidity support to the sector.

  • Oleo e Gas, formerly known as OGX, filed Latin America's largest ever bankruptcy on Oct. 30. OSX gets nearly all of its revenue from Oleo e Gas and its a principal creditor of the company. Both OSX and Oleo e Gas are controlled by Brazilian tycoon Eike Batista.

  • Argentina warns of bond case impact on debt restructuring Thursday, 27 Feb 2014 | 12:27 PM ET

    "The issues here are incredibly important not just for Argentina but for the U.S. government and all foreign sovereigns," said Paul Clement, at a briefing on the case at the Argentine embassy in Washington, D.C..

  • BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.

  • BEIJING/ HONG KONG, Feb 25- China's corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults, as credit repayment problems rise.

  • Feb 24- Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order on Monday by the judge overseeing the case. Detroit and its creditors have until Friday to file objections to U.S.

  • Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.

  • "Upon consideration of the petitions to appeal and the responses thereto, a direct appeal to this court is warranted," the 6th U.S. Circuit Court of Appeals in Cincinnati said in an order filed on Friday. A federal bankruptcy judge in a landmark December ruling said Detroit was eligible to pursue its bankruptcy case.

  • *Foreigners seen buying back after Japan shares underperformed. *Sony jumps 5 pct on restructuring plan. TOKYO, Feb 7- Japan's Nikkei average jumped 2 percent on Friday morning, moving away from a four-month low hit earlier this week, as investor sentiment was brightened by a rally on Wall Street and hopes for an upbeat U.S. jobs report later in the day.

  • NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.

  • BRASILIA, Jan 24- Bankrupt oil company Oleo e Gas Participações S.A., controlled by Brazilian businessman Eike Batista, has agreed with bondholders to delay the presentation of its restructuring plan until Jan. 31, the company said in a statement on Friday.

  • SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA has delayed detailing its restructuring plan to creditors by about a week as it tries to secure up to $200 million in new funding, said two sources familiar with the situation on Friday. Ôleo e Gás, controlled by Brazilian tycoon Eike Batista whose business empire collapsed last year, and its creditors were discussing terms of a potential $200 million debtor-in-possession loan, said the sources.

  • SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA will delay presenting its restructuring plan to creditors, initially scheduled for Friday, two sources familiar with the situation told Reuters. Ôleo e Gás, formerly known as OGX Petróleo e Gas Participações SA, and creditors are discussing terms of a potential $200 million debtor-in-possession loan, said the sources, who declined to be identified because the talks are private.

  • DUBAI, Jan 23- Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed on Thursday.

  • Dubai confirms final deal on $10 bln debt restructuring Thursday, 23 Jan 2014 | 1:15 PM ET

    DUBAI, Jan 23- Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed on Thursday.

  • JERUSALEM, Jan 21- A deal that would cut Israeli shipping company Zim's debt by at least half will likely be signed by the end of this week, two sources close to the negotiations said on Tuesday. Following the latest restructuring and write-off, Zim's debt will fall to $1- $1.5 billion.

  • *Dubai Group signs $10 bln debt restructuring- sources. DUBAI, Jan 16- Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis.

  • *Ahmed al-Qassim named Dubai Group CEO- sources. DUBAI, Jan 9- Dubai Group, a conglomerate in the midst of a $10 billion debt restructuring, has appointed as its chief executive Ahmed al-Qassim, who previously worked at its biggest creditor, three sources aware of the matter told Reuters.

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