Tag: United Kingdom

BusinessLegal

Investment Funds Launch Legal Action Against Lingerie Retailer Over Debt Restructuring

Three prominent investment funds have initiated legal proceedings against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group. The lawsuit centers on allegations that a recent debt transaction violated creditor rights when Redwood Capital Management assumed control of the company.

Legal Challenge Over Debt Restructuring

Three prominent investment funds have launched legal action against Dutch lingerie retailer Hunkemöller International BV and trustee TMF Group over a controversial debt restructuring deal, according to court documents filed in London. Cheyne Capital Management, Man Group Plc, and Contrarian Capital Management allege that a transaction transferring control to Redwood Capital Management violated their rights as creditors, sources indicate.

by Carter Wells
EconomyMarkets

European Markets Face Continued Volatility as Key Indexes Project Lower Open

European markets are reportedly set for another challenging session as major indexes project lower openings. The ongoing volatility comes alongside significant corporate developments from Nestle and Volvo Group that are shaping market sentiment.

European Markets Extend Rocky Trading Pattern

European financial markets are facing continued pressure as major indexes project lower openings on Friday, according to trading analysis from IG. Sources indicate this extends a pattern of volatility that has characterized the trading week, with some indexes reportedly brushing two-week lows earlier in the week before experiencing partial recoveries.

by Darren Holt