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 functions and activities conducted by ASSET are led by its President, Rob Smith, and Jordan Silverman, a former researcher at Adventist HealthCare who joined in 2014. Under the ASSET proposal the value of an estate is determined by economic and market conditions. Death is not treated as an economic event as it is under current federal tax law. The ASSET proposal eliminates death as a taxable event by allowing individuals to make what the group describes as a down payment on their estate taxes during their earning years. The assets in these individuals' estates would later be taxed at the