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The judiciary of Spanish Malaga is in a state of "technical default"

Justice of one of the largest cities in Spain is in a dramatic situation. The number of cases has grown exponentially in recent years. At the same time, the number of judges remained the same, which significantly increased the professional load on each of them. This was announced on May 9 by Dean Jose María Páez, representing the interests of the judicial community of Malaga, during his report on the work of the courts in 2021. According to the Dean, the responsibility for the current...

Sanctions threaten Russian companies with technical default

Organizations in Russia found themselves in a state of technical default if they do not pay their debts on foreign currency loans and Eurobonds. Foreign firms block payments from companies whose shareholders are under the sanctions of EU. Some companies have already faced difficulties in conducting financial ...

NAFTOGAZ OF UKRAINE ACCUSED THE MINISTERS OF THEIR OWN DEFAULT

Naftogaz of Ukraine announced a technical default on July 26. It occurred after the company refused to pay the holders of Eurobonds, despite the expiration of all deadlines. However, the company itself blames the Cabinet of Ministers for what happened. According to Naftogaz, officials ...

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