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bankruptcy

A collection of 2 posts

While America is going to sleep, the world is waking up

America enters sleep mode but the rest of most of the world is getting up, ready to face another day in lockdown. In some countries, it is a partial lockdown, in others, the people are facing fresh lockdowns. For some, the month of March marks one year since their first

Restructuring of Sukuk could be more challenging amid COVID-19

Fitch Ratings-Dubai/London- The economic volatility caused by COVID-19 highlights the need for an effective bankruptcy resolution system in most Islamic finance markets, Fitch Ratings says. This includes the need for better protection for sukuk and bond holders’ rights. Providing remedies, and making recovery prospects more predictable is also needed.