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  1. The sober view reveals US is unlikely to default on its debts

    Posted Jul 31st 2011, 12:00am

    ... Jake van der Kamp jake.vanderkamp@scmp.com If the US defaults on its debts it will send shockwaves around the world and bring catastrophic disruptions to trade and finance. SCMP, July 29 That's one view, and a common one, of what will happen if president and Congress cannot reach agreement this week on a new federal debt ceiling. Here is another one. Look at the first chart ...

  2. Congo debt case seen as litmus test for judiciary

    Posted Mar 21st 2011, 12:00am by Staff Reporter

    ... Republic of Congo as part of debts first incurred more than 20 years ago. FG is a so-called vulture fund that, according to the March issue of Hong Kong Lawyer, 'specialises in purchasing distressed sovereign debt at a discount price, with a view to enforcement by litigation wherever the state has assets or is owed money by a third party'. It is seeking repayment on Hong Kong ...

  3. Basic Law still decides Hong Kong immunity, Congo debt hearing told

    Posted Mar 29th 2011, 12:00am by Staff Reporter

    ... to end, the case will continue today. The case concerns FG Hemisphere Associates, a US-based vulture fund which buys cheap debt and sues the owing party to make a profit. Pitted against them ...

  4. Three die in family suicide over debts

    Posted Apr 02nd 2008, 12:00am by Clifford Lo

    ... said. 'Initial examination showed the trio had been dead for at least one week.' A bank letter addressed to the son was found. It showed outstanding credit card debts of HK$300,000 ... but it was unclear whether they had taken any drugs, a police spokeswoman said. Police believe the family committed suicide because of their debts. In a separate case, a 62-year-old man and his wife, 59, ...

  5. 47 alleged triad members arrested after debt fracas

    Posted May 05th 2004, 12:00am by Clifford Lo

    ... Clifford Lo Police arrested 47 alleged triad members and four women in a Mongkok restaurant early yesterday when they met to discuss a soccer gambling debt. The 47 men, aged from 19 to 60, are believed to be two faction leaders and 45 members of the 14K and Wo Shing Wo triads. The four women were their friends. 'Preliminary investigations showed that a soccer betting debt collected ...

  6. HK man's debt case transferred

    Posted Sep 17th 2003, 12:00am by Ella Lee, Stella Lee

    ... The case of a Hong Kong businessman held in Guangdong for nearly two years without charge over alleged unpaid debts has been transferred to authorities in Shenzhen for further examination. ... is accused by the Guangdong authorities of committing fraud. His family insists that he is innocent as the debt case has been settled in the Hong Kong courts. Ms Chan said she was worried her ...

  7. Obstetric fee 'will drive couples into debt'

    Posted Feb 12th 2007, 12:00am by Staff Reporter

    ... Joshua But Concern group complains new policy discriminates against local men with mainland wives Many local husbands of mainland women would be forced into heavy debt to pay for the increased obstetric fees charged to mainlanders, a concern group said yesterday. It also said it was unfair for the government to continue allowing mainland wives of Hong Kong civil servants ...

  8. Champion Reit raises HK$765m in debt issue

    Posted Dec 12th 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster Trust earmarks funds to acquire more floor space at Citibank Plaza Champion Reit, the only single-property investment trust in Asia, has raised HK$765 million from selling bonds convertible into shares to buy more floor space, according to a ...

  9. Businessman sued over $174m debt

    Posted Apr 16th 2005, 12:00am by Staff Reporter

    ... Ernest Kong Businessman Tsui Tsin-tong is being sued for $174.55 million of debt from two loans by the liquidator of a company he once owned. New China Hong Kong Finance, which went into voluntary liquidation in 1999, has filed a writ claiming loss and damages of $165.67 million, including principal debt of $52.86 million and accrued interest of $111.15 million. The loan was made ...

  10. Policeman with debts of $800,000 commits suicide

    Posted Oct 06th 2004, 12:00am by Clifford Lo

    ... Clifford Lo A veteran policeman with debts of over $800,000 leapt to his death from a police block in San Po Kong yesterday- the second officer to commit suicide in eight days. Constable ... is in the adjoining block. A suicide note was found on the sixth floor saying he had debt problems, a police spokeswoman said. However, officials have not disclosed the nature of the debts. A search ...




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