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More Imtech Jobs Saved As Administrators Continue Garage Sale

Administrators for bankrupt technical services company Imtech said on Wednesday they had found buyers for two more units, securing a further 248 jobs. Imtech Industrial International and Ventilex have been bought by asset manager Techim, which looks afte ...

Daily Headline - global.abi.org - 08/26/2015 - 20:41 - 0 comments

Dutch Engineer Imtech Bankrupt, Parts Sold To Investors

Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday, Reuters reported. Imtech, which employs 22,000 people ...

Daily Headline - global.abi.org - 08/13/2015 - 22:05 - 0 comments

Imtech Failed To Pay Its German Arm 21 Million Euros

The insolvency of Royal Imtech's German arm last week was triggered by the parent company's failure to pay the unit 21 million euros ($23 million) it owed, Imtech Deutschland's insolvency administrator said, Reuters reported. Royal Imtech ...

Daily Headline - global.abi.org - 08/12/2015 - 20:43 - 0 comments

Dutch Engineering Group Imtech Collapses

Royal Imtech, the Dutch engineering services company, filed for protection from its creditors yesterday, overwhelmed by accounting fraud in Germany that triggered three years of operating losses and asset writedowns. The company’s operating divisions are ...

Daily Headline - global.abi.org - 08/11/2015 - 21:28 - 0 comments

Imtech Shares Tumble As German Insolvency Drags Down Company

Shares in Dutch engineering services firm Imtech tumbled more than 40 percent on Monday after it said it was trying to preserve as much of its remaining business as possible after its Germany subsidiary, its largest, filed for insolvency last week, Reute ...

Daily Headline - global.abi.org - 08/10/2015 - 17:55 - 0 comments

Imtech Shares Slump To Record Low After German Unit Files For Insolvency

The German unit of Dutch engineering group Royal Imtech NV has filed for insolvency after failing to secure credit from lenders, adding to a list of problems at the parent and sending its shares down over 40 percent to a record low, Reuters reported. The ...

Daily Headline - global.abi.org - 08/06/2015 - 17:11 - 0 comments

The Bill implementing the European Framework for Recovery and Resolution (BRRD and SRMR)

On 27 May 2015, the bill for the Act implementing the European framework for the recovery and resolution of banks and investment firms (the "Implementation Act") and the explanatory memorandum thereto (the "Explanatory Memorandum") we ...

Resource Article - abi_admin - 07/27/2015 - 16:12 - 0 comments - 0 attachments

Capital Markets - Deals Update First Half Year 2015

Activities on the stock markets and bond markets in Europe have been important during the first half of 2015. This has continued despite the volatility in May and June 2015 and uncertainties regarding Greece. IPO activity is still important and the trend ...

Resource Article - abi_admin - 07/03/2015 - 09:51 - 0 comments - 0 attachments

New EU Directive to greatly affect shareholder privacy/ Nieuwe EU-richtlijn met sterke invloed op uw privacy als aandeelhouder

The fourth EU anti-money laundering directive was adopted on 20 May 2015 and must be implemented in national law by no later than 2017. In the Netherlands, its provisions will be mostly incorporated in the Money Laundering and Terrorist Financing Prevent ...

Resource Article - abi_admin - 07/03/2015 - 08:47 - 0 comments - 0 attachments

Recast insolvency regulation adopted: new rules on cross-border insolvencies in Europe

On 20 May 2015, after a three-year legislative process, a recast version of the European Insolvency Regulation (EIR) was adopted. For the most part, it will be applicable in approximately two years' time. The most important changes likely to affect ...

Resource Article - abi_admin - 05/28/2015 - 09:30 - 0 comments - 0 attachments

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