DAC Management LLC is very pleased be joining SmithNovak’s Global NPL Conference on October 5-6 in London as Chinese Investment Partner! Phil Groves, Founder & President of DAC, will provide invaluable insights to a panel discussion on the Chinese Market, so this session is not to be missed! DAC Management LLC and affiliates is a privately-held firm […]
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DAC News Articles
Feel-good factor helps to drive DAC Kowloon rugby forward, with men’s and women’s teams contenders at the top – SCMP
DAC Kowloon’s chances were not exactly written off at the start of the Dettol Hong Kong Men’s Premiership, but there are few who would have predicted just how far the club has come.
Six games into the season and just a single point separates them from leaders Natixis Hong Kong Football Club at the top of the table, ahead of Saturday’s clash between the two sides at King’s Park.
Decades of double-digit growth have produced five problems that Chinese leader Xi Jinping hopes to correct with his “New Development Concept.” Will it work?
Two weeks ago, the concourse outside Evergrande’s glossy headquarters in Shenzhen was thronged by homebuyers, unpaid contractors, and investors chanting what has now become a slogan of China’s debt-saddled, post-reform economy: “Give back our money.” For the past few weeks, Evergrande and its debts have been treated like a fuse for a global crisis — the Chinese “Lehman Brothers.” That analogy is flawed. Evergrande is not like Lehman, said Phil Groves, a distressed debt expert and the president of DAC Management, because Evergrande has physical assets that can be dispersed in the event of a default. “For Lehman, it took years and years and still no one actually knew what the hell they owned, what their exposure was, or how many derivatives they had,” he told me.
Comprehensive, high-quality China solutions. DAC Management & Quest IPR have assisted companies of all sizes and industries over the last two decades countless matters, including general and corporate trade disputes, debt and receivables collections, deep due diligence investigations, and anti-counterfeiting enforcement, among other intellectual property services. With offices in the United States, Hong Kong, & […]
Michael Gannon of 3M tells DAC Management’s Phil Groves how the multinational has protected product integrity during the COVID-19 pandemic
At the Global Debt Business Summit, China NPL market will be a major focus, bringing together global investors and AMCs to discuss strategies, new developments and opportunities. The block will cover various means of NPL disposal including whole loan sales, key Issues to look out for, in-house and third party servicing, the potential role of […]
DAC News Articles
Former Scotland U-18s captain Euan McLaren ready to make his mark in Hong Kong rugby adventure – SCMP
The 21-year-old describes discovering rugby in Dubai, lack of game time for young Scots, and being confined to quarantine in Hong Kong ‘I’m just so excited to play for Kowloon,’ says McLaren after frustrating run of injuries Former Scotland U-18s captain Euan McLaren spent his first two weeks in Hong Kong staring at the newfangled […]
BEIJING (Reuters) – Global distressed-debt specialists are stepping up their dealmaking in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of official non-performing loans (NPLs)….
China Datang Corp. and Baoding Tianwei Yingli New Energy Resources Co. are among Chinese companies showing signs of financial stress that face $12 billion of bond payments this year…
The People’s Bank of China’s first benchmark interest rate cut since 2012 will aid the property market
and shore up lenders, after the biggest jump in bad loans in nine years…