Results for Europe
- Philip Green Responsible For BHS Collapse: UK Lawmakers
Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers said, calling the collapse of the stores group "the unacceptable face of capitalism", Re ...
Daily Headline - global.abi.org - 07/25/2016 - 22:12 - 0 comments
- Eurosurgical In Liquidation Likely To Face Big Tax Liability
Hospital equipment supplier Eurosurgical is likely to owe the Revenue Commissioners a substantial sum when the company’s final tax liability is calculated by its liquidator, the Irish Times reported. The High Court recently appointed George Maloney o ...
Daily Headline - global.abi.org - 07/25/2016 - 22:14 - 0 comments
- New Government Fees Will Undermine Insolvency Regime, R3 Warns
New and increased government insolvency fees introduced yesterday will undermine the UK insolvency regime and cost creditors £8m per year, R3 has warned, according to Accountancy Age today. By threatening creditor returns, the government could underm ...
Daily Headline - abi_admin - 07/22/2016 - 12:19 - 0 comments
- Euro Area Deficit Falls to Eight-Year Low as Growth Accelerates
with a target of 4.2 percent, while Portugal ended the year at 4.4 percent -- also above the agreed ...
Daily Headline - abi_admin - 07/22/2016 - 12:20 - 0 comments
- Debt Issuance Can't Keep Up With the ECB's Hunger for Bonds
Annenkov, 5.4 trillion euros were above the ECB deposit rate and thus actually available for purchase. ...
Daily Headline - abi_admin - 07/21/2016 - 12:38 - 0 comments
- European Airlines Fly Into Trouble
Terrorism, air-traffic-control strikes and Brexit have caused a sequence of shocks that have hit demand causing European airlines have been forced to slash ticket prices to fill planes, the Wall Street Journal reported today. Earnings expectations ha ...
Daily Headline - abi_admin - 07/21/2016 - 12:39 - 0 comments
- English Court Decides Who Can Be Foreign Representatives Under Cross-Border Insolvency Regulations 2006
The English Court has recently considered who can be recognized as “foreign representatives” under the Cross-Border Insolvency Regulations 2006 (CBIR) in the case of Re 19 Entertainment Limited , about a US company in chapter 11, the National La ...
Daily Headline - abi_admin - 07/21/2016 - 12:49 - 0 comments
- EU Court Rules Slovenia’s Bank Bondholder Wipeout Was Legal
The European Union’s highest court ruled that Slovenia broke no laws when it imposed so-called “burden-sharing” in the 2013 banking rescue that wiped out about 600 million euros ($664 million) of bondholder debt, Bloomberg News reported today. The ruling ...
Daily Headline - abi_admin - 07/19/2016 - 13:35 - 0 comments
- IMF Cuts 2016 Global Economic Growth Outlook After Brexit Vote
year and next by 0.1 percentage point, putting 2016 at 3.1 percent and on par with last year’s pace, the slowest since the financial crisis. The fund expects a mild pickup next year to 3.4 percent annual ...
Daily Headline - abi_admin - 07/19/2016 - 13:36 - 0 comments
- Moody’s: Bank of Ireland’s Rising Pension Deficit is Credit Negative
Moody’s Investors Service warned of a 62 percent rise in the deficit of the Bank of Ireland’s defined benefit funds, partly due to the outcome of the Brexit vote, is credit negative for the bank, Pensions & Investments reported yesterday. In a cr ...
Daily Headline - abi_admin - 07/19/2016 - 13:37 - 0 comments