Tagged: Sean Lane

2012-11-08

Arcapita secures sharia-compliant bankruptcy loan

Arcapita Bank received the approval of the court for a $125 million bankruptcy loan. The loan will be provided by Fortress Investment Group (FIG.N) and is said to be the first such loan in consistency with the sharia principles. It will enable the fund…

Arcapita Bank Wins Permission to Manage Cash, Pay Wages

Islamic Finance

2012-04-04

Arcapita Bank Wins Permission to Manage Cash, Pay Wages

Arcapita Bank BSC was given permission to use cash within a budget and pay employees in bankruptcy.
U.S. Bankruptcy Judge Sean Lane in Manhattan certified Arcapita’s requests on an interim basis to escape “irreparable harm” being done to the comp…

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Dow Jones Newswires: China’s industrial profit jumps in August
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: Videogame stocks outperform broader market slightly as actors strike threatens to spread to game publishers
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BookWatch: Can a new Luddite rebellion rise against Big Tech? ‘We’re in a place where trouble could find us pretty quickly,’ author says.
Book re-examines textile workers' uprising against the use of technology to erase jobs centuries ago, with an eye on similar problems stemming from AI.

Tagged: Sean Lane

Arcapita secures sharia-compliant bankruptcy loan

Arcapita Bank Wins Permission to Manage Cash, Pay Wages

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