Tag: Creditor

BusinessCybersecurityStartups

Major Creditors Engage Advisers in RSA Security Debt Restructuring Talks

Leading financial institutions BlackRock and Veritas Capital have reportedly enlisted advisory firms to assist with RSA Security’s debt restructuring discussions. The creditor group holds significant first- and second-lien positions in the private equity-backed cybersecurity company. Industry sources indicate negotiations are ongoing as stakeholders seek to resolve the company’s debt burden.

Major Creditors Seek Advisory Support in RSA Security Debt Negotiations

A consortium of lenders to private equity-backed RSA Security, including financial giants BlackRock and Veritas Capital, has reportedly engaged professional advisers as the company continues negotiations regarding its debt structure, according to sources familiar with the matter.

by Henry Blakemore
BusinessEconomy

India’s Bankruptcy Reforms Face Implementation Hurdles as Recovery Rates Lag

India’s landmark bankruptcy reforms face significant implementation challenges nearly a decade after their introduction. Reports indicate 78% of ongoing insolvency cases exceed the 270-day deadline while recovery rates remain modest at 32%. Judicial delays and infrastructure limitations continue to hamper the system’s effectiveness despite recent government proposals for reform.

India’s Bankruptcy Reform Struggles With Implementation Challenges

India’s ambitious insolvency reforms, introduced in 2016 to transform what was once described as a “defaulter’s paradise,” are facing significant operational hurdles according to recent analyses. The system that promised to resolve bankruptcies within 270 days and dramatically improve recovery rates for creditors continues to struggle with delays and modest outcomes nearly a decade after implementation.

by Henry Blakemore