Although Oak View Law Group lacks national or
international debt settlement accreditations, it is registered with the State Bar of California.
International debt settlement rules were thrown into a turmoil last year when U.S. Judge Griesa gave a highly idiosyncratic interpretation of the pari passu clause with regard to Argentina's sovereign debts.
Not exact matches
The strong dollar was felt widely across commodity markets and the emerging economies that are now borrowing record amounts of
debt in the U.S. currency — $ 3.7 trillion according to the latest figures this week from the Bank for
International Settlements.
And for the first time since the final quarter of 2011, China's
debt - to - GDP ratio didn't increase and stayed unchanged at 255.9 percent in the second quarter this year, latest data by the Bank for
International Settlements showed.
The Bank for
International Settlements singled out Canada for its accelerated growth in credit relative to GDP and for its susceptibility to a sharp rise in
debt - service costs.
As the latest Annual Report from the Bank of
International Settlements states: «In most advanced economies, the fiscal budget excluding interest payments would need 20 consecutive years of surpluses exceeding 2 % of GDP just to bring the
debt - to - GDP ratio back to its pre-crisis level.»
Meanwhile, the Bank for
International Settlements (BIS) expressed concern about the next recession, stating that «recessions triggered by financial crises are typically preceded by sustained episodes of bubbly asset prices and
debt - financed spending booms.»
According to the Bank for
International Settlements, foreign claims on Italian
debt total $ 936 Billion - that's larger than the combined foreign claims on the
debt of Portugal, Ireland, and Greece.
Private
debt increased from 50 % of GDP in 2005 to almost 90 % in 2015, according to the Bank for
International Settlements.
However, during September some global institutions voiced concerns about the speed at which China has accumulated
debt — which has risen from 147 % of GDP in 2008 to 255 % in March of this year according to the Bank for
International Settlements — could hamper the country's ability to maintain its current level of growth.
Recently, the Bank for
International Settlements observed Canada and China were at the greatest risk of financial crisis because of
debt and excessive house prices.
This rapid expansion warrant some attention as it is compared with the total size of the global
debt securities, which is estimated to be over $ 90 trillion, according to the Bank of
International Settlements.
This imposing looking mailer with its $ 2,000 fine notice comes from
Debt Regret, a proud member of The Association of
Settlement Companies (TASC) and the
International Association of Professional
Debt Arbitrators and the American bankers Association.
On the back of Labour's calls for a review of Formula One's tax affairs after the company banked a
settlement with HMRC worth # 180 million last year, tax lawyer Miles Dean, Managing Partner at Milestone
International Tax, explains the fragile relationship between the industry, tax and
debt.