For five years, a team of British lawyers, financial crime experts and detectives have been hunting for $6 billion that disappeared from Kazakhstan’s BTA Bank. Their prime suspect: the bank’s former chairman, Mukhtar Ablyazov. Edward Robinson from Bloomberg Markets magazine reports. (Source: Bloomberg)
Law360, Wilmington (December 17, 2013, 10:28 PM ET) — Nortel Networks Corp.’s U.S. arm asked the Delaware bankruptcy court Tuesday to approve a major settlement it struck with U.K. pensioners and European creditors that would resolve billions of dollars in claims and could streamline its upcoming cross-border allocation battle.