Tag Archives: White Oak

What is Barbadians NOT Being Told about the External Debt Restructuring Agreement?

The following was posted as a comment to the Central Bank of Barbados Review of the Economy: January to September 2019 blog by Walter Blackman, Actuary and son of the soil in reply to the following by the blogmaster: @John A, Walter, Northern Observer et al, You guys read this document?” https://barbadosunderground.files.wordpress.com/2019/10/launch-press-release-.pdf So far, we have been provided information on the

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Does White Oak Have a Plan B?

The Mia Mottley government forced a debt restructure on locals holding bonds. The government boasted about the speed it was completed although truth be told it was a Hobson’s choice. On the other side of the debt restructuring transactions the external bond holders have so far been nettlesome at the negotiating table. Approaching 18 months and there appears to be

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The Grenville Phillips Column – Slapping and Patting

The public justification for using White Oak, was that the BLP thought that no Barbadian financial consultant was sufficiently competent to negotiate with our external creditors. That was a shockingly unfair criticism of Barbadian financial services professionals. Having read the White Oak contract, the list of services should be within the competence of any accounting firm experienced in liquidation or

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White Oak and External Creditors: Flirting with Hobson’s Choice

  The blogmaster read the following article over night while perusing the financial newsfeed. Patriotic Barbadians that understand these matters are obviously concerned negotiations have stalled with external creditors. We have to go with communications being dropped in the public space. Commonsense support that it is not unusual creditors will push back against having to take a haircut. Barbadians wish

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Two Man White Oak Making 27 Million from Restructuring Deal

The following article was posted to the Financial Times and will be of interest to the BU family. Discuss for 10 marks.   -David, blogmaster     Barbados creditors fume at ‘absurd’ $27m advisory fees   “London-based boutique, White Oak, in line for payout for work on $7bn restructuring “White Oak’s engagement letter was signed five days after Mia Mottley

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