Court ruling could cast shadow over Brazil offshore oil sector

SAO PAULO, June 1 (Reuters) - An appeals court ruling on whether a Liberian mortgage is valid for a Brazilian-owned oil production ship, due on Wednesday, could cast doubt on the future of secured...

from Reuters: Bankruptcy News http://ift.tt/25xSVaL

N.Y. Mets owners reach revised deal with Madoff trustee

NEW YORK, May 31 (Reuters) - The owners of the New York Mets baseball team have reached a revised agreement with the trustee seeking to recoup money for the victims of Bernard Madoff's fraud that...

from Reuters: Bankruptcy News http://ift.tt/1Ut0B96

BRIEF-Under Armour expects 2016 revenue of about $4.93 bln

* During Q1 of 2016, company became aware of potential restructuring of sports authority

from Reuters: Bankruptcy News http://ift.tt/1TVWiEA

BRIEF-Vet'Affaires to resume trading on June 1

* Says no offers to acquire company were received in the context of its rescue procedure; deadline for receiving offers was May 30

from Reuters: Bankruptcy News http://ift.tt/1TUyDD1

UK fashion retailer Austin Reed to wind down

May 31 (Reuters) - British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators said.

from Reuters: Bankruptcy News http://ift.tt/1r0cIjA

BRIEF-Austin Reed to close all stores by end of June - Sky News

* Administrators have said Austin Reed will close 120 stores resulting in the loss of around 1,000 jobs - Sky News Source text - (http://bit.ly/1WuGM4A) (Bengaluru Newsroom)

from Reuters: Bankruptcy News http://ift.tt/1Pfx4Rb

BRIEF-Vertellus Specialties Inc enters asset purchase agreement with lenders

* Enters asset purchase agreement with lenders to create sustainable financial structure able to support future growth

from Reuters: Bankruptcy News http://ift.tt/1TTAU1x

BRIEF-Vertellus Specialties files for Chapter 11 bankruptcy protection - court filing

* Vertellus Specialties Inc files for Chapter 11 bankruptcy protection in district of Delaware - court filing

from Reuters: Bankruptcy News http://ift.tt/1TUvgxh

BRIEF-PLF applies for opening of partial accelerated arrangement proceedings

* Said on Monday that it applied for opening of partial accelerated arrangement proceedings Source text for Eikon:

from Reuters: Bankruptcy News http://ift.tt/1TTss2c

BRIEF-Solar Aluminium Technology Services files for voluntary Chapter 11 bankruptcy - court filing

* Solar Aluminium Technology Services files for voluntary Chapter 11 bankruptcy protection in U.S. District Of Delaware - court filing Source text : [http://1.usa.gov/1Z9GAWl]

from Reuters: Bankruptcy News http://ift.tt/1UqCI1J

PRESS DIGEST- British Business - May 31

May 31 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News http://ift.tt/1sHHONW

Olympics-Rio cancels Olympic velodrome builder's contract

RIO DE JANEIRO, May 30 (Reuters) - Rio de Janeiro's city government said on Monday it had canceled its contract with the company constructing the Olympic velodrome about two months before the start...

from Reuters: Bankruptcy News http://ift.tt/1RGAkj1

BRIEF-Think Media to be delisted from Euronext Brussels - Euronext

* Think Media NV shares will be delisted from Euronext Brussels as of June 1

from Reuters: Bankruptcy News http://ift.tt/1RFqzl4

BRIEF-Platfields Ltd says settlement negotations still on-going

* Settlement negotiations with applicant are on-going and new return date for liquidation application has accordingly not yet been set down Source text for Eikon: Further company coverage: ...

from Reuters: Bankruptcy News http://ift.tt/1WUod9Z