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Intellectual Property Licences and Insolvent Licensors in the Life Sciences sector

This article considers the position of a company which is planning to take a licence of Intellectual Property (IP) critical to the development of a drug. What will happen to that licence if the licensor becomes insolvent? Can the licensee mitigate the ri ...

Resource Article - twallace@abiwor... - 09/23/2013 - 13:25 - 0 comments - 1 attachment

Crisis Hit Co-Op Set To Unveil Loss Of Up To 2.5 Billion Pounds

Britain's Co-operative Group will report a loss of more than 2 billion pounds on Thursday, laying bare the full damage done by disastrous acquisitions, a drugs scandal and an exodus of executives that have put its future as a mutual into doubt, Reut ...

Daily Headline - global.abi.org - 04/16/2014 - 23:05 - 0 comments

Spain's Vertice 360 Declares Insolvency

million (€14.4 million), with $93.7 million (€67.8 million) in losses. In addition to the Spanish treasury, which agreed to delay payment for $17.1 million (€12.4 million), creditors include Banco Espiritu ...

Daily Headline - global.abi.org - 04/16/2014 - 23:05 - 0 comments

German Luxury Fashion House Strenesse Files For Insolvency

German luxury fashion company Strenesse, once known for dressing the German national soccer team at official events, has filed for insolvency, it said on Wednesday, Reuters reported. The family-owned company, which has been struggling with its finances b ...

Daily Headline - global.abi.org - 04/16/2014 - 23:06 - 0 comments

Romania Adopts Insolvency Law To Ensure Honest Business Environment

Romania's Chamber of Deputies, or the lower house of the parliament, on Tuesday passed an insolvency bill to ensure honest business environment, New Europe Online reported. The bill proposes "an insolvency code that puts together all the regula ...

Daily Headline - global.abi.org - 04/16/2014 - 23:06 - 0 comments

Sorgenia Adviser To Meet Creditor Banks On Thursday

The adviser of troubled Italian energy group Sorgenia will meet creditor banks on Thursday with a final deal over debt restructuring in sight, a source close to the matter said, Reuters reported. "The deal is within reach, there will be a meeting to ...

Daily Headline - global.abi.org - 04/16/2014 - 23:07 - 0 comments

Super Tuesday For EU Bank Regulation

Europe’s biggest financial rulemaking spree since the creation of its single market more than 20 years ago reached its finale on Tuesday with the adoption of a slew of landmark reforms designed to make banks safer and financial markets more transparent, ...

Daily Headline - global.abi.org - 04/15/2014 - 23:11 - 0 comments

Noonan Pledges To Widen Tax Bands In Budget

Minister for Finance Michael Noonan has pledged to do “something” for struggling middle-income earners in the budget despite indications yesterday from his own department that a further €2 billion adjustment would be required to hit deficit targets next ...

Daily Headline - global.abi.org - 04/15/2014 - 23:12 - 0 comments

Portugal Plans Budget Savings Worth $1.9 Billion for 2015

Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015, Bloomberg News reported. The measures represent about 0 ... budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target ...

Daily Headline - global.abi.org - 04/15/2014 - 23:12 - 0 comments

UK Pawnbroker Albemarle & Bond Rescue Saves 628 Jobs

British pawnbroker Albemarle & Bond will be bought out of administration by investment fund Promethean Investments in a deal which will save the majority of its stores and 628 jobs, administrators said on Tuesday, Reuters reported. The acquisition co ...

Daily Headline - global.abi.org - 04/15/2014 - 23:14 - 0 comments

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