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Alpari Co-Owner Says Applied To Wind Up Business A Year Ago

The co-founder of Russian-owned broker Alpari applied a year ago to wind up the parent company of its retail FX brokerage Alpari UK, fearing long before the company's collapse from trading losses last week that it "was doomed". Andrey Dash ...

Daily Headline - global.abi.org - 01/21/2015 - 22:36 - 0 comments

Russia and Lithuania Report

Russia: On raising professional qualification requirements for insolvency practitioners. Russian insolvency legislation sets out certain requirements an insolvency practitioner has to satisfy before his appointment in an insolvency case can be approved ...

Resource Article - abi_admin - 01/21/2015 - 11:45 - 0 comments - 1 attachment

New Dutch bankruptcy legislation, Part II

by Evert Verwey In 2013 the Dutch legislature announced that an amendment of the Dutch Bankruptcy Act was necessary and that the “continuity of companies” was a priority. It was announced that three new acts would be drafted: • Act on the C ...

Resource Article - abi_admin - 01/21/2015 - 11:32 - 0 comments - 1 attachment

The Academic Forum reaches 10!

by Paul Omar Prague, October 2004. A small gathering of academics meets in a room off the conference hall to explore the formation of an Academic Wing of INSOL Europe. With Professor Sebastian Kortmann (now Rector Magnificus (or Vice-Chancellor) ...

Resource Article - abi_admin - 01/21/2015 - 11:29 - 0 comments - 1 attachment

Administrators Say Some Interest In Alpari From Potential Buyers

Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries from potential buyers of the business hit by heavy losses from last week's surge in the value of the Swiss franc, Reuters reported. Alpari lost mil ...

Daily Headline - global.abi.org - 01/19/2015 - 23:43 - 0 comments

End Of Insolvency Litigation Exemption Challenged

The proposed end of insolvency litigation’s exemption from the Legal Aid, Sentencing, and Punishment of Offenders Act (LAPSO) has been challenged by an Early Day Motion tabled in Parliament, Credit Today reported. MP’s have thrown their support for a ...

Daily Headline - global.abi.org - 01/16/2015 - 00:41 - 0 comments

Demand for U.K. Mortgages Drops on Stricter Loan Criteria

Demand for U.K. mortgages fell the most since 2008 in the fourth quarter, according to the Bank of England, as more stringent lending criteria made it harder for homebuyers to get loans, Bloomberg News reported. Lenders had expected an increase in demand ...

Daily Headline - global.abi.org - 01/06/2015 - 20:09 - 0 comments

Britain Fines Former Banco Espírito Santo Unit

British regulators have fined the former investment banking business of the troubled Portuguese lender Banco Espírito Santo for failing to disclose the departure of central staff members from one of its capital markets teams in 2013, the International ...

Daily Headline - global.abi.org - 01/06/2015 - 20:09 - 0 comments

Big UK Banks Split Over Response To Tougher Rules Demanding Ringfencing

Lloyds Banking Group is seeking an exemption to one of the key measures of the UK’s new ringfencing regime, as the country’s big banks take radically different approaches to rules aimed at protecting taxpayers from future financial crises, the Irish Ti ...

Daily Headline - global.abi.org - 01/06/2015 - 20:25 - 0 comments

Irish Still Seeking Insolvency In The UK

Irish people are still going to the UK in large numbers to work out their debt difficulties despite the introduction of a similar service in Ireland, new research shows, the Irish Times reported. According to AJ Debt Solutions, an Irish insolvency fi ...

Daily Headline - global.abi.org - 01/05/2015 - 21:07 - 0 comments

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