A group of holders of so-called “AT1” bonds from Credit Suisse has mandated the major American law firm Quinn Emanuel Urquhart & Sullivan to hold discussions with the Swiss authorities, and possibly legal action, we learned. this Monday. Objective: to recover money invested in these particular debt securities, also called CoCo (for “Contingent Convertible”). From 16 billion francs, their value was reduced to zero, on the instructions of Finma, during takeover of Credit Suisse by UBS, announced on March 19. What strategies can complainants use? What are their chances of success?
Daily Archives
April 3, 2023
Wall Street Journal reporter detention problem US-Russia foreign ministers break up with telephone talks: Tokyo Shimbun TOKYO Web
written by Alexandra Hartman Editor-in-Chief
Reporter Gerzhkovic is escorted out of court by police officers in Moscow, March 30. (AP)
WASHINGTON = Michio Yoshida – The US State Department announced on the 2nd that Secretary of State Brinken and Russia’s Foreign Minister Lavrov had a telephone conversation. The US side demanded the immediate release of the Wall Street Journal (WSJ) journalist Evan Gerszkovic, who was detained on suspicion of spying by the Russian Federal Security Service (FSB) at the end of March. The Russian side has refused, and it has emerged as a new source of conflict between the United States and Russia.
During the talks, Brinken expressed “serious concern” by condemning the detention of Gerszkovic as “unacceptable,” the State Department said. They also discussed how to create an environment in which diplomats can carry out their duties. He is believed to have asked the ministry not to interfere with meeting with Gerszkovic and confirming his health and other conditions.
“It is unacceptable to politicize this case,” Lavrov said, according to Archyde.com. He said the court would decide how to treat Gerszkovic.
On March 30, the FSB detained Mr. Gerzhkovic, who was reporting in Yekaterinburg, central Russia, for collecting state secret information on defense companies. WSJ Editor-in-Chief Emma Tucker told US media on the 2nd of this month, “He was authorized by Russia to collect information and report on the situation in Russia as usual. He was arrested completely. It’s an outrage,” he said.
Brinken also reiterated his call for the release of former US Marine Paul Whelan, who is being held in Russian custody.
5 challenges that might push Messi to return to Barcelona.. Get to know them
written by Alexandra Hartman Editor-in-Chief
5 challenges that might push Messi to return to Barcelona.. Get to know them
The future of the Argentine star, Lionel Messi, is still vague, whether by renewing his contract with the French club Paris Saint-Germain, or by leaving during the next summer transfer market, and returning to the Spanish club Barcelona, especially in light of the increasing volume of rumors, following the recent statements of each of the Catalan club’s vice president Rafa. Yusti, and technical director Xavi Hernandez.
And the Catalan newspaper “Mundo Deportivo” highlighted, on Saturday, the most important challenges that might push Messi to return to the ranks of the “Blaugrana” team next season, if the latter succeeded in persuading him to accept the financial offer submitted on the one hand, and on the other hand, enabling them to register him in the team’s list with The Spanish Football League “La Liga”, and not to violate the laws of financial fair play.
Messi left FC Barcelona in the summer of 2021, following achieving many records, most notably that he played the largest number of matches with the team (778 matches), and also became the most scored for the Catalan club (672 goals), and played matches in the league (520 matches), and scored. For goals in El Clasico (26 goals), in addition to being the player who scored the most goals in the league during one season (50 goals), and also the player who most won the Golden Ball award (7 golden balls), and other individual titles.
Breaking Giggs’ record
Leo Messi achieved 35 titles with FC Barcelona (10 Ligas, 8 times the Spanish Super Cup, 7 times the King’s Cup, 4 European Champions Leagues, 3 Club World Cups and 3 times the European Super Cup), before his departure to the ranks of the Parisian club, and in If the 35-year-old decides to return to the Spotify Camp Nou castle next season, he will seek to surpass former Manchester United legend, Ryan Giggs, who holds the record as the player with the most titles with the club himself, with 36 titles.
skip Xavi
Although Messi is considered the player with the most appearances for FC Barcelona with 778 matches, the coach of the “Blaugrana” team, Xavi Hernandez, played the largest number of matches with the club in the Champions League competition with 151 matches, and thus the “Bulga” will be on a date with the task of exceeding the number of The matches of his former colleague, knowing that he is 3 matches away from him.
Samitier transgression
He is the champion of the last World Cup with the “Tango” team, the scorer of the historic club Barcelona, and he is the team’s top scorer in the Spanish League and the “Championship” competition, but there is another number that is not registered in his name, and it is related to the owner of the largest number of goals in the King’s Cup, as he scored Messi scored 56 goals in this competition, 13 goals behind Josep Samitier, who scored 69 goals, including 64 with Barcelona and 5 goals with Real Madrid.
Elvish hunt
Messi is going to be crowned with his club, Paris Saint-Germain, in the French League title this season, and thus raised his tally to the 43rd title, knowing that he was crowned with 34 titles in the Barcelona shirt, and five other titles with the Argentine national team, and he still has little to exceed the number of his former Brazilian colleague, Dani Alves, Who managed to win 45 titles during his football career.
Messi and the heroes
The last challenge awaiting Messi if he decides to return to the “Blaugrana” team is to be the most crowned player in the European Champions League with Barcelona, knowing that he won this title 4 previous times, and his last title in this competition was eight years ago from now.
The Israeli tech sector is suffering from the collapse of Silicon Valley and the proposed judicial amendments
written by Alexandra Hartman Editor-in-Chief
Israeli high-tech companies will face their biggest test yet following the collapse of the Silicon Valley bank wiped out a major source of funding, while planned legal changes threaten the foundation of corporate law.
Israel’s economy has benefited from a wave of success in the technology sector, which employs just 10 percent of Israel’s workforce and accounts for regarding 15 percent of its economic output, more than half of exports and a quarter of tax revenues. But proposals by Prime Minister Benjamin Netanyahu’s far-right coalition that would give the government more power to choose judges and limit the Supreme Court’s power to overturn laws have spooked existing and potential investors.
“The high-tech sector needs stability, it needs the rules of the game to be clear, it needs certainty… that there are courts it can go to,” said Karent Flug, a former governor of the Bank of Israel (Central Bank) who is now vice president at the Israel Democracy Institute. Without that, investors will be reluctant to put money in.
Another potential risk is accelerating the brain drain. About 100,000 Israelis already live and work in Silicon Valley, California, and many more have moved to Europe. Government data indicates that there are currently regarding 6,000 vacancies in the technology sector, which includes regarding 400,000 jobs in total.
“This sector will take their minds, ideas and entrepreneurship, and some countries will roll out the red carpet for them,” Flug told the Israeli Council on Foreign Relations.
Several advanced technology companies, such as the American-Israeli cyber security company “Waze”, stated that they would withdraw their money from Israel and prevent funds from entering it if the proposed amendments were approved, while the head of the cloud software company “Nice” said that “major investors are following the situation carefully.”
Meanwhile, the Israeli shekel fell to its lowest level in three years once morest the dollar, due to expectations of a decline in foreign direct investment, following it recorded $15 billion last year and reached a record level of $27 billion in 2021.
According to the IVC Research Center and LumiTech, Israeli high-tech companies raised $1.7 billion in financing in the first quarter of the year, down 70 percent from $5.8 billion in the first three months of 2022 and marking a quarterly low. fundraising in four years.
Concerns are also growing in the tech sector, too, due to the collapse of the US bank Silicon Valley, which CEO of investment firm OurCrowd John Medved has described as a “sanctuary bank” for Israeli startups — a conglomerate of 7,000 companies, some valued at least $1 billion and some Small companies with no more than 50 employees.
Companies and venture capital investors reported that more than half of the start-up companies in Israel have accounts in Silicon Valley Bank, and for some of them these accounts were the only banking tool in the United States, but the volume of transactions is not known precisely.