| 16.08.2012 - GIC may have upper hand in luxury-hotel row |
| The Government of Singapore Investment Corporation (GIC) may have gained the upper hand in a protracted tussle with two United States funds over four luxury resorts. GIC, a major creditor to the properties, filed documents in New York's federal bankruptcy court last week charging that hedge fund Paulson & Co and Winthrop Realty Trust missed an interest payment on the debt...............................................Full Article: Source |