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Bankruptcy

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BRIEF-Serrano updates on bankruptcy proceedings against Chia Wing Keong

* Update On Bankruptcy Proceedings Against Mr Chia Wing Keong

BRIEF-Korea Line unit Samsun Logix says termination of corporation turnaround process

* Says Seoul Central District Court has approved its unit Samsun Logix Corporation's termination of corporation turnaround process, on Dec. 8

5:04am EST

BRIEF-Key Energy Services announces confirmation of consensual plan of reorganization

* Key Energy Services Inc - On December 6, 2016, plan was confirmed by Bankruptcy Court.

M&A, Bonds, Markets, Stocks, Dec 07 2016

BRIEF-Magnetation LLC announces the sale of its assets

* Magnetation LLC - filed a motion with U.S. Bankruptcy court seeking authority to enter into an asset purchase agreement

Bonds, Markets, Stocks, Dec 07 2016

Rugby-London Welsh seek voluntary liquidation

LONDON, Dec 7 London Welsh, one of the oldest clubs in English rugby, said on Wednesday they were seeking voluntary liquidation due to large debts and a 'totally unsustainable' business model.

Dec 07 2016

BRIEF-Olidata: banks terminate debt restructuring agreement

* Says it was notified on Dec. 6 by the banks of the termination of the debt restructuring agreement signed on July 18, 2013 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Technology Dec 07 2016

California gas power plant La Paloma files for bankruptcy

CHICAGO, Dec 6 A natural gas-fired power plant in California that earlier this year warned it might need to shut down filed for bankruptcy protection on Tuesday, blaming "inhospitable" regulations and a shift toward renewable energy for power generation.

Stocks, Bonds, Markets, Dec 06 2016

BRIEF-OHA Investment says on Dec 1, Bennu Oil & Gas filed for bankruptcy under chapter 7

* Oha investment - on dec 1, bennu oil & gas filed for bankruptcy under chapter 7 of u.s. Bankruptcy code, indicating intention to liquidate

Financials, Stocks, Bonds, Markets Dec 06 2016

BRIEF-UCI's plan of reorganization confirmed by bankruptcy court

* UCI International - UCI's restructuring will reduce company's funded debt by approximately $380 million

M&A, Bonds, Markets, Dec 06 2016

UPDATE 1-Abengoa's U.S. unit, holdout creditor spar over bankruptcy plan

WILMINGTON, Del./CHICAGO, Dec 6 A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent.

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