08.05.2012 - Arcapita Bank wins permission to pay employees, partners
Arcapita Bank BSC, an Islamic- compliant fund manager overseeing about $7 billion in investments, won permission to pay employees and business partners after making changes to comply with the demands of creditors. U.S. Bankruptcy Judge Sean Lane in Manhattan today approved Arcapita’s requests to make payments it said are essential to running its business in bankruptcy...............................................Full Article: Source
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