Ashmore and two other hard funds accept the Government’s offer

Formal confirmation arrived at the promised time. At 8:50 AM yesterday, in Olivos and the Palacio de Hacienda, the news that was most expected was received. The AdHoc Argentine Bondholder Group (AdHoc group), issued its own official statement, confirming that it accepted the proposed restructuring of debt and congratulating the parties for the agreement reached. He also mentioned that the country would save some US $ 37,000 million “in the next 9 years (2020-2028)” and included a mime to the Argentina stating that with this agreement the country could return to the capital market. For its particular performance, the group clarified that it always defended the interests of investors of the money they handle, stating that in most cases they are retirees or future pensioners and, most importantly, it invites private holders of public securities issued under international legislation to join the proposal. The statement clarified, almost as a factor to convince those who have not yet signed the offer, that the country will have all the necessary legal defenses so that the alternative trials are not opened in the courts of the Second Southern District of Manhattan.

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“I went up behind and touched my bra.” Details of the story about a Perm teacher who was given 9 years for harassing a student

– It is difficult to build forecasts, but I believe in the best. I feel sorry for mom, she is very worried, it has been going on for more than a year, – said “KP» 49-year-old math teacher Valery Syropyatov and, with a sigh, he entered the courtroom.

On Monday in the Ordzhonikidze court Perm the teacher was sentenced under the article “Violent acts of a sexual nature”. The sentence is 9 years and 6 months in a maximum security colony.

“The girl begged the three”

This ugly story happened in March last year in a Perm school. According to the teacher, she looked like this:

– In the seventh grade, where the girl studied, I taught mathematics for the first year. In the first quarter, she deceived me, I believed and put the “troika”. But there must be an educational moment. I told her that now she will hand over all the work in the sequence in which they are studied. And until we get to the control for the third quarter, the final mark at her will not be!

On that day, March 27, several students came to the mathematician to take the “tails”.

“Everyone sat at their desks and did the work, and once again she decided to slip away,” the teacher continues. – I began to ask myself, said that her stomach ached, her head … I insisted: “Decide the control, get your” threefold “and you can step on all four sides. If it’s inconvenient for you to study in the classroom – the children are noisy – let’s go to another office. ” We left, she stood at the table and again began to whine. I sit at the table and tell her: “Go, decide!” The man does not leave, I waved. I am sitting, she is standing – where will i get? Here in the belt on the side with the back of the hand and hit. It turned out cotton. I admitted this, and was removed by the director from teaching in this class. I apologized and believed that the incident had been exhausted.

Soon, the information got into law enforcement. First, criminal proceedings were instituted for Art. Art. 135 of the Criminal Code RF “Depraved actions”, and after six months the investigations were re-qualified as more serious, Art. 132 “Violent acts of a sexual nature.”

At each meeting, teachers supported

To the court – at each hearing in the Valery case Syropyatova – a support group gathered: former graduates, colleagues, parents of students … 17 of them acted as witnesses from the defense. They all said that they could not believe the guilt of their beloved teacher. He does not smoke, does sports, organizes excursions around the Perm Territory and cities for children Of Russiaorganizes competitions in rogain, tourist trips, alloys, fees …

Despite all the kind words spoken to the defendant, the state prosecution requested 13 years of imprisonment for him.

Valery Syropyatov on the day the sentence was announced, we met near the courthouse. He was light, without things. As the teacher himself explained, he believed that the court would figure it out and justify it.

“I’ve already checked in, now I’ll take a little walk, breathe in fresh air, mentally tune in and go,” he explained before entering the courtroom.

Despite the fact that the process was closed, the journalists and the support group were allowed to announce the verdict.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask. And the former graduates and colleagues who were present at the announcement somehow immediately went down. Someone could not hold back tears.

– Do you understand the verdict and the procedure for appealing against it?

“Yes, your honor,” the convict answered calmly.

At that moment, three escorts entered the courtroom. Knowing the rules of staying in places of deprivation of liberty — the teacher spent three days in a pre-trial detention center while the investigation was under way — the teacher began to unfasten his belt in order to remove it, took money from his pockets, a cell phone and gave it to a relative. The guards locked handcuffs on his hands, and asked all those present to leave the courtroom.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask.Photo: Vasily Vakhrin

I closed and he pushed my hands away

– The criminal case was considered in closed court, so we can’t explain the details, you heard the verdict, the evidence that the prosecution presented to the court was enough to plead guilty to a particularly serious crime against the sexual integrity of a minor, therefore the sentence so big – said assistant to the prosecutor of the Ordzhonikidze district of Perm, Dmitry Shishkin. – And that slap, and the version that the defendant himself told everyone about, including in the media, is a way of protection.

As it became known to “Komsomolskaya Pravda” from a source familiar with the materials of the criminal case, one of the evidence presented in court was the correspondence of the seventh grader with his girlfriend in social networks. Late in the evening on the day of math retaking, the schoolgirl wrote to her close friend that she was at school, and the teacher took her to a separate office, put her at her desk, walked up behind and began to touch her bra.

“I sat at the table, he was at the back and was pawing me,” she wrote. – I tried to close my hands, and he pushed his hands and touched me by the chest.

Experts examined the girl for bruises and the only thing found on her body was a small scratch on her finger.

The accusation was also based on the words of the girl, her mother and friend. Investigators also found a video from school surveillance cameras, which shows how one of the schoolgirls told Valery Nikolaevich that she had passed the debt, and he leaned over and began to say in her ear that she was good. This was interpreted later as a kiss.

During the investigation, a forensic medical examination was carried out, the biological traces of the teacher on the things of the victim were not found. The teacher was also tested for a tendency to pedophilia, but the result was negative.

READ ALSO:

“Sex scandal” in Perm: a math teacher shines 13 years for a slap on the priest of the seventh grader

In an interview with Komsomolka, the teacher told his version of events [видео] (More …)

In Perm, 17 graduates spoke at the trial in defense of a mathematics teacher who faces 13 years for a slap on the priest of a seventh grader

Among them were police officers and lawyers [видео] (More …)

“Having heard the verdict, he took off his belt.” In Perm, the teacher received 9 and a half years for a slap on the student’s priest

Valery Syropyatov was handcuffed in the courtroom (More …)

.

“I went up behind and touched my bra.” Details of the story about a Perm teacher who was given 9 years for harassing a student

– It is difficult to build forecasts, but I believe in the best. I feel sorry for mom, she is very worried, it has been going on for more than a year, – said “KP» 49-year-old math teacher Valery Syropyatov and, with a sigh, he entered the courtroom.

On Monday in the Ordzhonikidze court Perm the teacher was sentenced under the article “Violent acts of a sexual nature”. The sentence is 9 years and 6 months in a maximum security colony.

“The girl begged the three”

This ugly story happened in March last year in a Perm school. According to the teacher, she looked like this:

– In the seventh grade, where the girl studied, I taught mathematics for the first year. In the first quarter, she deceived me, I believed and put the “troika”. But there must be an educational moment. I told her that now she will hand over all the work in the sequence in which they are studied. And until we get to the control for the third quarter, the final mark at her will not be!

On that day, March 27, several students came to the mathematician to take the “tails”.

“Everyone sat at their desks and did the work, and once again she decided to slip away,” the teacher continues. – I began to ask myself, said that her stomach ached, her head … I insisted: “Decide the control, get your” threefold “and you can step on all four sides. If it’s inconvenient for you to study in the classroom – the children are noisy – let’s go to another office. ” We left, she stood at the table and again began to whine. I sit at the table and tell her: “Go, decide!” The man does not leave, I waved. I am sitting, she is standing – where will i get? Here in the belt on the side with the back of the hand and hit. It turned out cotton. I admitted this, and was removed by the director from teaching in this class. I apologized and believed that the incident had been exhausted.

Soon, the information got into law enforcement. First, criminal proceedings were instituted for Art. Art. 135 of the Criminal Code RF “Depraved actions”, and after six months the investigations were re-qualified as more serious, Art. 132 “Violent acts of a sexual nature.”

At each meeting, teachers supported

To the court – at each hearing in the Valery case Syropyatova – a support group gathered: former graduates, colleagues, parents of students … 17 of them acted as witnesses from the defense. They all said that they could not believe the guilt of their beloved teacher. He does not smoke, does sports, organizes excursions around the Perm Territory and cities for children Of Russiaorganizes competitions in rogain, tourist trips, alloys, fees …

Despite all the kind words spoken to the defendant, the state prosecution requested 13 years of imprisonment for him.

Valery Syropyatov on the day the sentence was announced, we met near the courthouse. He was light, without things. As the teacher himself explained, he believed that the court would figure it out and justify it.

“I’ve already checked in, now I’ll take a little walk, breathe in fresh air, mentally tune in and go,” he explained before entering the courtroom.

Despite the fact that the process was closed, the journalists and the support group were allowed to announce the verdict.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask. And the former graduates and colleagues who were present at the announcement somehow immediately went down. Someone could not hold back tears.

– Do you understand the verdict and the procedure for appealing against it?

“Yes, your honor,” the convict answered calmly.

At that moment, three escorts entered the courtroom. Knowing the rules of staying in places of deprivation of liberty — the teacher spent three days in a pre-trial detention center while the investigation was under way — the teacher began to unfasten his belt in order to remove it, took money from his pockets, a cell phone and gave it to a relative. The guards locked handcuffs on his hands, and asked all those present to leave the courtroom.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask.Photo: Vasily Vakhrin

I closed and he pushed my hands away

– The criminal case was considered in closed court, so we can’t explain the details, you heard the verdict, the evidence that the prosecution presented to the court was enough to plead guilty to a particularly serious crime against the sexual integrity of a minor, therefore the sentence so big – said assistant to the prosecutor of the Ordzhonikidze district of Perm, Dmitry Shishkin. – And that slap, and the version that the defendant himself told everyone about, including in the media, is a way of protection.

As it became known to “Komsomolskaya Pravda” from a source familiar with the materials of the criminal case, one of the evidence presented in court was the correspondence of the seventh grader with his girlfriend in social networks. Late in the evening on the day of math retaking, the schoolgirl wrote to her close friend that she was at school, and the teacher took her to a separate office, put her at her desk, walked up behind and began to touch her bra.

“I sat at the table, he was at the back and was pawing me,” she wrote. – I tried to close my hands, and he pushed his hands and touched me by the chest.

Experts examined the girl for bruises and the only thing found on her body was a small scratch on her finger.

The accusation was also based on the words of the girl, her mother and friend. Investigators also found a video from school surveillance cameras, which shows how one of the schoolgirls told Valery Nikolaevich that she had passed the debt, and he leaned over and began to say in her ear that she was good. This was interpreted later as a kiss.

During the investigation, a forensic medical examination was carried out, the biological traces of the teacher on the things of the victim were not found. The teacher was also tested for a tendency to pedophilia, but the result was negative.

READ ALSO:

“Sex scandal” in Perm: a math teacher shines 13 years for a slap on the priest of the seventh grader

In an interview with Komsomolka, the teacher told his version of events [видео] (More …)

In Perm, 17 graduates spoke at the trial in defense of a mathematics teacher who faces 13 years for a slap on the priest of a seventh grader

Among them were police officers and lawyers [видео] (More …)

“Having heard the verdict, he took off his belt.” In Perm, the teacher received 9 and a half years for a slap on the student’s priest

Valery Syropyatov was handcuffed in the courtroom (More …)

.

“I went up behind and touched my bra.” Details of the story about a Perm teacher who was given 9 years for harassing a student

– It is difficult to build forecasts, but I believe in the best. I feel sorry for mom, she is very worried, it has been going on for more than a year, – said “KP» 49-year-old math teacher Valery Syropyatov and, with a sigh, he entered the courtroom.

On Monday in the Ordzhonikidze court Perm the teacher was sentenced under the article “Violent acts of a sexual nature”. The sentence is 9 years and 6 months in a maximum security colony.

“The girl begged the three”

This ugly story happened in March last year in a Perm school. According to the teacher, she looked like this:

– In the seventh grade, where the girl studied, I taught mathematics for the first year. In the first quarter, she deceived me, I believed and put the “troika”. But there must be an educational moment. I told her that now she will hand over all the work in the sequence in which they are studied. And until we get to the control for the third quarter, the final mark at her will not be!

On that day, March 27, several students came to the mathematician to take the “tails”.

“Everyone sat at their desks and did the work, and once again she decided to slip away,” the teacher continues. – I began to ask myself, said that her stomach ached, her head … I insisted: “Decide the control, get your” threefold “and you can step on all four sides. If it’s inconvenient for you to study in the classroom – the children are noisy – let’s go to another office. ” We left, she stood at the table and again began to whine. I sit at the table and tell her: “Go, decide!” The man does not leave, I waved. I am sitting, she is standing – where will i get? Here in the belt on the side with the back of the hand and hit. It turned out cotton. I admitted this, and was removed by the director from teaching in this class. I apologized and believed that the incident had been exhausted.

Soon, the information got into law enforcement. First, criminal proceedings were instituted for Art. Art. 135 of the Criminal Code RF “Depraved actions”, and after six months the investigations were re-qualified as more serious, Art. 132 “Violent acts of a sexual nature.”

At each meeting, teachers supported

To the court – at each hearing in the Valery case Syropyatova – a support group gathered: former graduates, colleagues, parents of students … 17 of them acted as witnesses from the defense. They all said that they could not believe the guilt of their beloved teacher. He does not smoke, does sports, organizes excursions around the Perm Territory and cities for children Of Russiaorganizes competitions in rogain, tourist trips, alloys, fees …

Despite all the kind words spoken to the defendant, the state prosecution requested 13 years of imprisonment for him.

Valery Syropyatov on the day the sentence was announced, we met near the courthouse. He was light, without things. As the teacher himself explained, he believed that the court would figure it out and justify it.

“I’ve already checked in, now I’ll take a little walk, breathe in fresh air, mentally tune in and go,” he explained before entering the courtroom.

Despite the fact that the process was closed, the journalists and the support group were allowed to announce the verdict.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask. And the former graduates and colleagues who were present at the announcement somehow immediately went down. Someone could not hold back tears.

– Do you understand the verdict and the procedure for appealing against it?

“Yes, your honor,” the convict answered calmly.

At that moment, three escorts entered the courtroom. Knowing the rules of staying in places of deprivation of liberty — the teacher spent three days in a pre-trial detention center while the investigation was under way — the teacher began to unfasten his belt in order to remove it, took money from his pockets, a cell phone and gave it to a relative. The guards locked handcuffs on his hands, and asked all those present to leave the courtroom.

It was impossible to understand what the teacher experienced at that moment when the judge said “nine and a half years in a maximum security colony”, the teacher’s face was hidden under a mask.Photo: Vasily Vakhrin

I closed and he pushed my hands away

– The criminal case was considered in closed court, so we can’t explain the details, you heard the verdict, the evidence that the prosecution presented to the court was enough to plead guilty to a particularly serious crime against the sexual integrity of a minor, therefore the sentence so big – said assistant to the prosecutor of the Ordzhonikidze district of Perm, Dmitry Shishkin. – And that slap, and the version that the defendant himself told everyone about, including in the media, is a way of protection.

As it became known to “Komsomolskaya Pravda” from a source familiar with the materials of the criminal case, one of the evidence presented in court was the correspondence of the seventh grader with his girlfriend in social networks. Late in the evening on the day of math retaking, the schoolgirl wrote to her close friend that she was at school, and the teacher took her to a separate office, put her at her desk, walked up behind and began to touch her bra.

“I sat at the table, he was at the back and was pawing me,” she wrote. – I tried to close my hands, and he pushed his hands and touched me by the chest.

Experts examined the girl for bruises and the only thing found on her body was a small scratch on her finger.

The accusation was also based on the words of the girl, her mother and friend. Investigators also found a video from school surveillance cameras, which shows how one of the schoolgirls told Valery Nikolaevich that she had passed the debt, and he leaned over and began to say in her ear that she was good. This was interpreted later as a kiss.

During the investigation, a forensic medical examination was carried out, the biological traces of the teacher on the things of the victim were not found. The teacher was also tested for a tendency to pedophilia, but the result was negative.

READ ALSO:

“Sex scandal” in Perm: a math teacher shines 13 years for a slap on the priest of the seventh grader

In an interview with Komsomolka, the teacher told his version of events [видео] (More …)

In Perm, 17 graduates spoke at the trial in defense of a mathematics teacher who faces 13 years for a slap on the priest of a seventh grader

Among them were police officers and lawyers [видео] (More …)

“Having heard the verdict, he took off his belt.” In Perm, the teacher received 9 and a half years for a slap on the student’s priest

Valery Syropyatov was handcuffed in the courtroom (More …)

.

America’s energy giant goes bankrupt and seeks protection from creditors

Source: London – Arabic Net

One of the largest and most famous American companies operating in the energy sector has collapsed, thus being the latest victim of the economic crisis caused by the emergence of the emerging “Corona” virus, which has disrupted most aspects of life in the world, and led to a sharp decline in the demand for energy of all kinds.

And on Sunday, Chesapeake Energy Company filed a request with the US authorities to declare bankruptcy and requested protection from creditors, after it became “unable to face a mountain of debt that is no longer possible after years of natural gas prices stabilizing at low levels,” according to a newspaper. The American “New York Times” in a report read by “Al Arabiya Net”.

According to information gathered by Al Arabiya.net, the Chesapeake Energy Company was incorporated in the United States in 1989, and it is listed on the New York Stock Exchange, and it is considered one of the giants of American oil and natural gas producers, during which last year 2019 produced more than 484 thousand A barrel of oil per day, which is more than the production of entire oil states.

The New York Times said in its report that Chesapeake Energy has helped in the past years transform the United States from an importer of natural gas into an important product and president, under the management of Aubrey McClendon, the man who founded the company 31 years ago in Oklahoma, USA, and worked As CEO.

But McClendon himself, who turned this company into one of the energy giants in the world, is the same one that caused him to download more than $ 20 billion in debts, which led to him losing his position as CEO and expelled him from the company in 2013, and since that time the company has struggled to survive without Feasibility is facing a lot of financial trouble.

During the first quarter of this year 2020, the company “Chesapeake” lost about $ 8.3 billion US dollars, and by the end of last March, the company had cash assets amounting to only 82 million dollars, that there are bonds issued by the company deserving of repayment in August and amounting to 192 million dollars , Which is much more than its cash assets.

By the end of last year, the company was depositing in 2019 and it is loaded with debts in excess of $ 9.5 billion.

The company issued a statement announcing that it had filed an application with the authorities requesting protection from creditors under Chapter XI, in order to enable it to carry out the restructuring.

The company revealed that it obtained credit facilities worth $ 925 million as part of an agreement with creditors, and that the agreement includes canceling debts of more than $ 7 billion.

The company has 1900 employees, and the declaration of bankruptcy is an indication of the crisis in the American and global energy sector due to the spread of the new “Corona” epidemic, which led to a significant decline in the demand for energy of all kinds.

.

America’s energy giant goes bankrupt and seeks protection from creditors

Source: London – Arabic Net

One of the largest and most famous American companies operating in the energy sector has collapsed, thus being the latest victim of the economic crisis caused by the emergence of the emerging “Corona” virus, which has disrupted most aspects of life in the world, and led to a sharp decline in the demand for energy of all kinds.

And on Sunday, Chesapeake Energy Company filed a request with the US authorities to declare bankruptcy and requested protection from creditors, after it became “unable to face a mountain of debt that is no longer possible after years of natural gas prices stabilizing at low levels,” according to a newspaper. The American “New York Times” in a report read by “Al Arabiya Net”.

According to information gathered by Al Arabiya.net, the Chesapeake Energy Company was incorporated in the United States in 1989, and it is listed on the New York Stock Exchange, and it is considered one of the giants of American oil and natural gas producers, during which last year 2019 produced more than 484 thousand A barrel of oil per day, which is more than the production of entire oil states.

The New York Times said in its report that Chesapeake Energy has helped in the past years transform the United States from an importer of natural gas into an important product and president, under the management of Aubrey McClendon, the man who founded the company 31 years ago in Oklahoma, USA, and worked As CEO.

But McClendon himself, who turned this company into one of the energy giants in the world, is the same one that caused him to download more than $ 20 billion in debts, which led to him losing his position as CEO and expelled him from the company in 2013, and since that time the company has struggled to survive without Feasibility is facing a lot of financial trouble.

During the first quarter of this year 2020, the company “Chesapeake” lost about $ 8.3 billion US dollars, and by the end of last March, the company had cash assets amounting to only 82 million dollars, that there are bonds issued by the company deserving of repayment in August and amounting to 192 million dollars , Which is much more than its cash assets.

By the end of last year, the company was depositing in 2019 and it is loaded with debts in excess of $ 9.5 billion.

The company issued a statement announcing that it had filed an application with the authorities requesting protection from creditors under Chapter XI, in order to enable it to carry out the restructuring.

The company revealed that it obtained credit facilities worth $ 925 million as part of an agreement with creditors, and that the agreement includes canceling debts of more than $ 7 billion.

The company has 1900 employees, and the declaration of bankruptcy is an indication of the crisis in the American and global energy sector due to the spread of the new “Corona” epidemic, which led to a significant decline in the demand for energy of all kinds.

.

America’s energy giant declares bankruptcy and seeks protection from creditors

Source: London – Arabic Net

One of the largest and most famous American companies operating in the energy sector collapsed, thus being the latest victim of the economic crisis caused by the spread of the emerging “Corona” virus, which led to the disruption of most aspects of life in the world, and led to a sharp decline in the demand for energy of all kinds.

And on Sunday, Chesapeake Energy Company filed a request with the US authorities to declare bankruptcy and requested protection from creditors, after it became “unable to face a mountain of debt that is no longer possible after years of natural gas prices stabilizing at low levels,” according to a newspaper. The American “New York Times” in a report read by “Al Arabiya Net”.

According to information gathered by Al Arabiya.net, the Chesapeake Energy Company was incorporated in the United States in 1989, and it is listed on the New York Stock Exchange, and it is considered one of the giants of American oil and natural gas producers, during which last year 2019 produced more than 484 thousand A barrel of oil per day, which is more than the production of entire oil states.

The New York Times said in its report that Chesapeake Energy has helped in the past years transform the United States from an importer of natural gas into an important product and president, under the management of Aubrey McClendon, the man who founded the company 31 years ago in Oklahoma, USA, and worked As CEO.

But McClendon himself, who turned this company into one of the energy giants in the world, is the same one that caused him to download more than $ 20 billion in debts, which led to him losing his position as CEO and expelled him from the company in 2013, and since that time the company has struggled to survive without Feasibility is facing a lot of financial trouble.

During the first quarter of this year 2020, the company “Chesapeake” lost about $ 8.3 billion US dollars, and by the end of last March, the company had cash assets amounting to only 82 million dollars, that there are bonds issued by the company deserving of repayment in August and amounting to 192 million dollars , Which is much more than its cash assets.

By the end of last year, the company was depositing in 2019 and it is loaded with debts in excess of $ 9.5 billion.

The company issued a statement announcing that it had filed an application with the authorities requesting protection from creditors under Chapter XI, in order to enable it to carry out the restructuring.

The company revealed that it obtained credit facilities worth $ 925 million as part of an agreement with creditors, and that the agreement includes canceling debts of more than $ 7 billion.

The company has 1900 employees, and the declaration of bankruptcy is an indication of the crisis in the American and global energy sector due to the spread of the new “Corona” epidemic, which led to a significant decline in the demand for energy of all kinds.

.

America’s energy giant declares bankruptcy and seeks protection from creditors

Source: London – Arabic Net

One of the largest and most famous American companies operating in the energy sector collapsed, thus being the latest victim of the economic crisis caused by the spread of the emerging “Corona” virus, which led to the disruption of most aspects of life in the world, and led to a sharp decline in the demand for energy of all kinds.

And on Sunday, Chesapeake Energy Company filed a request with the US authorities to declare bankruptcy and requested protection from creditors, after it became “unable to face a mountain of debt that is no longer possible after years of natural gas prices stabilizing at low levels,” according to a newspaper. The American “New York Times” in a report read by “Al Arabiya Net”.

According to information gathered by Al Arabiya.net, the Chesapeake Energy Company was incorporated in the United States in 1989, and it is listed on the New York Stock Exchange, and it is considered one of the giants of American oil and natural gas producers, during which last year 2019 produced more than 484 thousand A barrel of oil per day, which is more than the production of entire oil states.

The New York Times said in its report that Chesapeake Energy has helped in the past years transform the United States from an importer of natural gas into an important product and president, under the management of Aubrey McClendon, the man who founded the company 31 years ago in Oklahoma, USA, and worked As CEO.

But McClendon himself, who turned this company into one of the energy giants in the world, is the same one that caused him to download more than $ 20 billion in debts, which led to him losing his position as CEO and expelled him from the company in 2013, and since that time the company has struggled to survive without Feasibility is facing a lot of financial trouble.

During the first quarter of this year 2020, the company “Chesapeake” lost about $ 8.3 billion US dollars, and by the end of last March, the company had cash assets amounting to only 82 million dollars, that there are bonds issued by the company deserving of repayment in August and amounting to 192 million dollars , Which is much more than its cash assets.

By the end of last year, the company was depositing in 2019 and it is loaded with debts in excess of $ 9.5 billion.

The company issued a statement announcing that it had filed an application with the authorities requesting protection from creditors under Chapter XI, in order to enable it to carry out the restructuring.

The company revealed that it obtained credit facilities worth $ 925 million as part of an agreement with creditors, and that the agreement includes canceling debts of more than $ 7 billion.

The company has 1900 employees, and the declaration of bankruptcy is an indication of the crisis in the American and global energy sector due to the spread of the new “Corona” epidemic, which led to a significant decline in the demand for energy of all kinds.

.

Moody’s says Angola’s debt relief to China is not a ‘default’ – Angola

The analyst at the rating agency Moody’s, which follows the Angolan economy, said this Sunday, June 28, to the Lusa agency, that the debt relief granted by China does not constitute a financial default because it does not involve private creditors.

“As China is a bilateral partner, financial aid to Angola is not considered a financial default (‘default’) because it involves only commercial debt; between countries we consider this bilateral aid, even if it is between public banks, because it is guaranteed by the State and it involves the relationship between states, “said Aurelien Mali.

In an interview with Agência Lusa from Dubai, the French analyst who has followed the Angolan economy for years admitted that “there is a lot of opacity” in loans and doubts about the announcement made by the Chinese President about two weeks ago about debt relief, but he explained: “The announcement follows bilateral agreements and meetings between states and, to be very clear, this is not something that we consider to be a ‘default'”.

On June 19, the Angolan newspaper Expansão reported that Angola had achieved a suspension of debt interest payments for years, in an amount that could reach US $ 21.7 billion (EUR 19.3 billion), of which 4 , 7 billion dollars (4.2 billion euros) in official bilateral debt, to which is added another 14.6 billion dollars (13 billion euros) to the Development Bank of China and 2.4 billion million dollars (21.3 billion euros) to the Bank of China.

Stressing that “there is still no official confirmation by the Government, it is just a newspaper article”, Aurelien Mali points out that “what constitutes a ‘default’ in the light of Moody’s criteria is very clear with regard to debt to the private sector , whether external or domestic and, even though there are different categories and examples, basically if the creditor receives less than the original contract provided for, then it is a ‘default’ “.

The lower oil price and the additional budgetary imbalance motivated by the covid-19 pandemic, both in the increase in health expenditure and in the decrease in tax revenue, obliges Angola to speak with creditors, recognizes the analyst.

“Looking at the external payments that are due this year, knowing that there are no eurobond payments before 2025, and taking into account that multilateral loans are long-term and low interest, in a context where external payments represent 5.7 billion dollars (5 billion euros) this year in interest alone, we see that most payments are due to bilateral partners, “says Mali.

At the end of 2019, Angola’s bilateral debt was US $ 28.6 billion, representing approximately 42% of GDP and 65% of all external debt.

Debt to multilateral financial institutions, such as the International Monetary Fund, World Bank or African Development Bank, was US $ 4.2 billion (3.7 billion euros), representing about 9% of the external debt, to which 8 billion dollars in eurobonds (7.1 billion euros) and an additional 4.2 billion dollars in supplier credits, according to Moody’s.

For Mali, “the only part of the debt that can be negotiated without major consequences is that of bilateral partners, since eurobonds are a complex mechanism, and if they are renegotiated it is a ‘default’, and that would be very bad”.

Furthermore, he concludes, “multilateral loans are the last line of defense and multilateral financial institutions are even putting more money into the country”.

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debts for almost 50 billion

Continues to increase the total of the missed payments on the part of the Public Administration Italian. In the expectation that the data is up to date with the component of the capital account, which according to some estimates, would be between 7-8 billion euros a year, the debts of the Pa, the date of 31 December 2019, have reached 49,4 billion euros. A ‘hole’ in constant growth during the last four years, as underlined by the studies Office of the Cgiathat has processed the data Eurostat.

Public Administration, payables 49,4 billion euros

If in 2016 the debts of current portion was eur 44.3 in 2017 rose to 45.6 in 2018 have touched 47.8 arrive, as we have just mentioned above, to 49.4 billion in 2019. Last year, the absolute figure was equal to 2.8 percent of Gdp between the 27 Eu countries monitored, only Croatia, with the 2.9 percent reported a highest incidence of our own, continues the study . And, sottoliena still the Cgia, in the 1st quarter of 2020 is also a part of the tax paid in delay: for businesses: “even though the tax court and the three tax Agencies have welded their suppliers in advance, the State, instead, he liquidated the business after 7 days from the expiry date provided for by the law, the ministry of Finance after 8 and the Guardia di Finanza, and even then 136”.

Public Administration, debt growth in the last 4 years

“The figures from Eurostat show that in the last 4 years the stock overall is in constant growth. If in 2016 the debts of current portion was eur 44.3 in 2017 rose to 45.6 in 2018 have touched 47.8 arrive, as we have just mentioned above, to 49.4 billion in 2019 (see Graf. 2). Last year, the absolute figure was equal to 2.8 percent of Gdp between the 27 Eu countries monitored, only Croatia, with the 2.9 percent reported a highest incidence of our own”. Writes it to the studies office Cgia in a note.

cgia-debt-pa2-2

“Even though our Pa is among the worst in pagatrici of Europe – report of the secretary of the association Renato Mason – many were convinced that the time of payment would be drastically reduced thanks to the introduction, started in July of 2017, the obligation on the part of all public bodies to transmit the information of the individual payments through the system Siope+. This mode would allow the regime the determination of the amount of the liabilities business and continuous monitoring of the timing of payment of general government. Unfortunately, all of this is not yet the case for the aversion of many agencies to comply with the provisions of the law, with the result that the stock of debt is still shockingly high. Not only. Failure to pay invoices is triggering the negative effects on the entire production chains, making this anomaly to the whole of the Italian and in the private sector”.

Public Administration, the Cgia: “Impossible to quantify the debt commercial”

For the Cgia, “the paradoxical aspect of this story is that no one is able to say how much exactly the debt business our Pa, while the companies that work for the latter have for several years the obligation, to be settled, to issue the electronic invoice. How your payments work in these business transactions? Once the supplier issues an electronic invoice, this passes through a platform controlled by the ministry of Economy and Finance, called Sdi (System interchange) that deal with the institution or public facility to which it is addressed. The data of the electronic invoice are captured from the Platform of trade receivables (Pcc), which should record all payments related to the commercial transactions of the Pa. To try to intercept the entire transaction has been established by the Siope+, a detection system for telematics of the receipts and payments of public bodies. For food the Siope+ all the public administrations have to sort the receipts and payments only by computer”.

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Although this practice has started gradually since July of 2017, again emphasizes the Cgia, the State “is not yet able to measure the total debt contract by all the public Administrations with their suppliers, for the simple fact that an important part of the public Administrations have not yet adhered to the platform Siope+. Therefore, they can settle their suppliers, with deadlines well beyond those established by the law”.

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