Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
Americans Standing for the Simplification of the Estate Tax Americans Standing for the Simplification of the Estate Tax Americans Standing for the Simplification of the Estate Tax (ASSET) is a lobbying group of individuals and private businesses, which advocates changing the collection method for the estate tax in the United States. ASSET works with think tanks, elected officials and lobbyists on Capitol Hill to bring about an option that would change the existing estate tax laws. The group was founded in 2010 by Jack Fitzgerald, an entrepreneur and chairman of a chain of dealerships called Fitzgerald Auto Malls, which is based in Kensington, Maryland. Fitzgerald created ASSET after building