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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

Co-operative Group to Reveal £2 Billion-£2.5 Billion Pre-Tax Loss

The Co-operative Group will highlight the urgency of sweeping governance reforms this week as it reveals the extent of its financial woes with a record £2bn-£2.5bn pre-tax loss, the Financial Times reported. The loss, set to be announced on Thursday, ...

Daily Headline - global.abi.org - 04/13/2014 - 22:58 - 0 comments

Punch Taverns Brings In Independent Restructuring Specialist

Punch Taverns, Britain’s second biggest pubs group, has brought in an independent corporate restructuring expert to aid long-running discussions over its £2.3bn debt mountain, The Telegraph reported. Dean Merritt, from Talbot Hughes McKillop, is repr ...

Daily Headline - global.abi.org - 04/13/2014 - 23:00 - 0 comments

Co-operative Group: Banks Could Sway The Vote On Reform Of The Board

Get ready for the biggest vote in the Co-op's 170-year history. Amid the squabbles, resignations and rows over pay, the poll on 17 May on boardroom reform will take place with the organisation's finances looking ghastly, The Guardian report ...

Daily Headline - global.abi.org - 04/10/2014 - 21:26 - 0 comments

Brussels’ Financial Reform Scuppers BOE’s Bank Lifeline

The Bank of England will have to rethink how it acts as lender of last resort after Britain failed to revise incoming EU rules that could scupper its scheme to give covert support to banks in difficulty, the Financial Times reported. Three EU countri ...

Daily Headline - global.abi.org - 04/10/2014 - 21:48 - 0 comments

Independent Scotland Would Face Immediate 23 Billion Pound Debt - Report

An independent Scotland would face an immediate debt repayment of 23 billion pounds to the UK Treasury, British media reported, citing a leading economics research body's estimate. According to newspapers including The Guardian, The Telegraph ...

Daily Headline - global.abi.org - 04/08/2014 - 22:32 - 0 comments

Ulster Bank Chief Executive Dismisses Mortgage Debt Write-Offs

Ulster Bank chief executive Jim Brown told the Oireachtas finance committee yesterday that it was not in the business of writing off mortgage debt for customers in arrears with their home loans, the Irish Times reported. “Writing down an arbitrary am ...

Daily Headline - global.abi.org - 04/08/2014 - 22:34 - 0 comments

Punch Seeks Debt Test Waiver to Gain Time for Restructuring

Punch Taverns Plc is seeking to suspend covenants on 2.3 billion pounds ($3.8 billion) of debt to give it more time for restructuring talks with bondholders, Bloomberg News reported. The owner of more than 4,000 pubs across the U.K. wants to waive the de ...

Daily Headline - global.abi.org - 04/07/2014 - 21:38 - 0 comments

Co-op Bank Delays Issuing Results Again

The Co-operative Bank was thrown into fresh turmoil on Monday as it delayed the publication of its 2013 financial results, and the pay deal for its new boss, for a second time, The Guardian reported. The figures had already been postponed from 26 Mar ...

Daily Headline - global.abi.org - 04/07/2014 - 21:40 - 0 comments

Bank Of England Readies Tools To Rein In Risky Mortgage Lending

The Bank of England urged banks on Thursday to consider the risk of future spikes in interest rates when they approve mortgages, and prepared tools to rein in potentially dangerous lending, Reuters reported. British house prices have risen by around 10 p ...

Daily Headline - global.abi.org - 03/27/2014 - 22:10 - 0 comments

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