THE Copperbelt Energy Corporation (CEC) has confirmed receipt of a partial payment of USD 10.36 million from Konkola Copper Mines (KCM) towards the USD 11.84 million court order. However, CEC says that contrary to KCM’s recent press release, it has under …

… African multilaterals, by law, hold preferred creditor status in their respective countries … external creditors. “African multilaterals have preferred creditor status by law in the …

… , specifically citing Afrexim and TDB. PREFERRED CREDITORS OR NOT? While Zambia… definition of who exactly gets preferred creditor status. Afreximbank has said the … . "An institution's preferred creditor status is ultimately determined by …

… . HMRC, which is a secondary preferential creditor, is owed an estimated £1 …

… in loan, contingent on receiving preferential creditor status — a condition that Pakistan …

… this time being whether “preferential creditors” are unsecured creditors … preferential unsecured creditors. Therefore, preferential creditors (whether secondary preferential or … legislation to determine whether preferential creditors are unsecured creditors …

The Alliance of African Multilateral Financial Institutions (AAMFI) has received a major endorsement from the African Union (AU) on the sidelines of its biannual meeting held in Accra, Ghana, at the end of July. Set up at the beginning of the year, AAMFI …

… . The Revenue Commissioners as a preferential creditor [is] owed €800,000 approximately … the Revenue Commissioners, as a preferential creditor owed €800,000 approximately, considerably …

The preferential status, known as ‘Crown Preference’, was reinstated for HMRC in December 2020, granting it priority in reclaiming taxes owed from insolvent businesses ahead of other unsecured creditors, including banks and suppliers. This change marked …