Saturday, May 13, 2017

U.S. court backs Azeri bank IBA's petition over creditors

BAKU, May 13 (Reuters) - International Bank of Azerbaijan, the energy exporting country's biggest lender, said on Saturday a U.S. court had supported its petition to prevent creditors from pursuing legal action in the United States, giving it time to restructure $3.3 billion debt.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News

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