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
History of nationality in Cyprus political, and economic link to this significant geopolitical region. Furthermore, Cyprus is headquarters to many multinational firms. It is thus its location, accessibility to educated managerial and technical staff, combines with its excellent transportation, communication, and legal networks that serve an asset to the EU. The EU is a firm supporter of UN efforts to achieve peaceful settlement of the region, and at its meeting in Dublin in June 1990 they issued a declaration stating ‘the European Council, concerned about the situation, fully affirms its support for the unity, independence, sovereignty and territorial integrity of Cyprus in accordance with relevant