LATEST NEWS: UN set to create framework for global bankruptcy process in wake of Argentina debt crisis

The United Nations is set to formally begin negotiations to create a global bankruptcy process after Argentina’s long-running case with the so-called “vulture funds” prompted international authorities tocreate a new system. The international body voted 128 to 16 in favour of a resolution to formally begin negotiations tocreate a global bankruptcy process. In September, the […]

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World Bank Sees Record Demand for Political Risk Insurance

Investors’ demand for insurance against political risk is on track to match last year’s record as instability persists in the Middle East and disputes in Latin America erode confidence, the World Bank said. Investment insurance for developing economies by a group of the main public, private and multilateral providers reached $45 billion by mid-2013, according to the bank’s Multilateral Investment Guarantee […]

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