Showing posts with label King and Spalding Registered Lobbyist for Arcapita Bank. Show all posts
Showing posts with label King and Spalding Registered Lobbyist for Arcapita Bank. Show all posts

Monday, March 19, 2012

Church Street Health Management–Small Smiles Dental, now Arcaptia Bank files for Chapter 11 Bankruptcy…Ahhh….Maaaan,

I’m broken hearted, probably won’t sleep for weeks worrying about how many virgins await these assholes in bankruptcy court hell. Evidently physically and emotionally abusing and traumatizing children isn’t as profitable as Arcapita was told, I don’t reckon. First Islamic Bank, Arcapita, it doesn’t really matter what they name the company, crime just doesn’t pay. ACAS, next? According to the “chatter” in the court room last Thursday in Nashville, ACAS holds “Senior” debt of this boondoggle. (oops, I used that word, “chatter” again.  They don’t like that word…  lol..dangit, if they would quit chatting, there wouldn’t be so much “chatter” now would there!!  Just saying…  Sheila, think about it… think of all the times you’ve been out and about talking this crap…you just never know who is listening!)

imageMan, this filing should be interesting!! Sharia Law; Virgins; Allah; Jihad – no telling what all will be listed.  LOL

The Smile Behind Small Smiles
Atif A. Abdulmalik


Arcapita’s Chapter 11 Petition

Arcapita Files for Bankruptcy Protection as Debt Talks Fail

By Arif Sharif and Tiffany Kary - Mar 19, 2012 10:48 AM CT Mon Mar 19 15:48:28 GMT 2012

image                                           Arcapita Bank BSC, the owner of Irish power utility Viridian Group Ltd., filed for bankruptcy in the U.S. after failing to reach an agreement with creditors on a $1.1 billion loan due this month.

Arcapita, formerly known as First Islamic Investment Bank, and five affiliates sought Chapter 11 protection today in U.S. Bankruptcy Court in Manhattan, listing more than $1 billion in both debts and assets. Arcapita’s board approved the process “to protect their business and assets and implement a comprehensive restructuring,” the Manama, Bahrain-based private-equity firm said in an e-mailed statement today.

The bankruptcy filing is a “logical step by the company to protect its foreign investments and from individual creditors going after the company’s assets in Europe, the U.S. and Asia,” Serge Lioutyi, a London-based distressed debt trader at Citigroup Global Markets Ltd. said in an e-mail today. It “will help the company focus on reaching a consensual agreement with creditors rather than worrying about individual claims.”

Arcapita is among companies in Bahrain that have sought protection to restructure liabilities after the global credit crisis cut their access to the debt market and as asset prices declined. Awal Bank BSC, a Bahrain-based wholesale bank, filed for Chapter 11 in October 2010, while Gulf Finance House BSC reached an agreement with a group of banks led by WestLB AG on a new two-year $100 million Islamic loan.

Failed Refinancing

The costs to insure Bahrain’s debt against default fell two basis imagepoints to 365 today, according to credit default swap data from CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.

 

Thursday, March 31, 2011

King & Spalding, LLP not just a law firm, but also a registered lobbyist for Arcapita Bank and others

King and Spalding, LLP who represent themselves as an "International Law Firm" is also a registered Lobbyist representing such clients as:

American Association of Internation Healthcare Recruitment – ding, ding, ding, ding,
Arcapita Bank – ding, ding, ding, ding
American College of Medical Genetics
Appleton Papers, Inc
Bacardi USA, Inc
Bank of America
Children's Healthcare of Atlanta, Inc
Citigroup
General Motors
Google
National Patient Advocate Foundation
Roche Diagnostics
RJ Reynolds Tobacco

K & S has hit Senator Susan Collins and former House Speaker, Nancy Pelosi pretty hard over the years, on immigration issues. 

Searching the data at Campaignmoney.com I found that in 2007 and 2008 King & Spalding, LLP – representing First Islamic Bank, n/k/a Arcaptia in the purchase of  Small Smiles Dental Centers from the DeRose family- also received $100,000 from Arcapita Bank lobbying on Medicare related issues.

Since 2007, King & Spalding has received $23,545,000 in lobbying fees.

King and Spalding, LLP was also a client for the lobbyist,  Venn Strategies, LLC in 2008.  Who knew, a Lobbyist needed a Lobbyist.