Cross border insolvencies and financial restructurings are remarkably opaque considering we live in the Information Age. The mission of the Centre of Main Interest (the COMI) is to light some candles in the darkness and create a forum for further discussion. The Law Offices of Tally M. Wiener, Esq. are pleased to publish the COMI blog.
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Tuesday, November 5, 2013
Citi, Qatar bank hold up Al Jaber debt talks, say sources
About a month ago, Gulf News reported that Citigroup and International Bank of Qatar were delaying negotiations concerning the restructuring of $4.5B in debt of Abu Dhabi conglomerate Al Jaber Group. Gulf News also reported that Citigroup was planning to sell the loans it held in the secondary market, to reduce its exposure.
For more, see: http://gulfnews.com/business/markets/citi-qatar-bank-hold-up-al-jaber-debt-talks-say-sources-1.1241176