United Kingdom

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Dyson Sees No Deal on Brexit and Says It'll Hurt the EU More

The man behind the Dyson vacuum cleaner expects the U.K. not to strike a Brexit deal with the European Union. While many consider that a worst-case scenario, James Dyson says those trade conditions “frankly are going to hurt the Europeans more than the B ...

Daily Headline - global.abi.org - 09/14/2017 - 23:42 - 0 comments

Federal Court of Justice (BGH): In principle, the lex fori concursus determines whether a foreign pension is subject to attachment

The German Federal Court of Justice has recently held (BGH, court order of 20.7.2017 – IX ZB 63/16) that the scope of the insolvency estate is determined by the lex fori concursus and that this also applies to earned income and pension income. The extent ...

Resource Article - twallace@abiwor... - 09/13/2017 - 10:18 - 0 comments - 0 attachments

The Emerging Markets Restructuring Journal

We are glad to share with you the fourth issue of The Emerging Markets Restructuring Journal, a publication that was founded by Cleary Gottlieb lawyers and features contributions from colleagues and advisors around the world, focusing on emerging markets ...

Resource Article - twallace@abiwor... - 09/13/2017 - 10:02 - 0 comments - 0 attachments

Pensions briefing - Walker v Innospec Limited - Supreme Court rules same sex survivors’ pensions cannot be restricted to members’ post-2005 service

In a landmark ruling handed down on July 12, 2017, the Supreme Court (SC) has allowed an appeal by Mr Walker against his employer, Innospec Limited, ruling that survivor benefits for same sex partners cannot be restricted to those calculated only on the ...

Resource Article - twallace@abiwor... - 09/13/2017 - 09:22 - 0 comments - 0 attachments

Bell Pottinger's British Business Folds After South Africa Scandal

Bell Pottinger’s British arm collapsed on Tuesday after the global public relations agency’s clients deserted it over a racially-charged political campaign it ran in South Africa, Reuters reported. After working behind the scenes on some of the most defi ...

Daily Headline - global.abi.org - 09/13/2017 - 17:35 - 0 comments

Avocet to Resume Talks Over Burkina Faso Gold Mine

The boards of West Africa-focused Avocet Mining and its Societe des Mines de Belahouro (SMB) subsidiary will resume talks on Friday aimed at saving the struggling gold operation from insolvency, Reuters reported. SMB, which operates the Inata gold mine i ...

Daily Headline - global.abi.org - 09/11/2017 - 17:32 - 0 comments

Tata Steel Sheds UK Pension Fund, Boosting Prospects for Port Talbot

Tata Steel has ditched its £15bn UK pension fund after receiving the green light from regulators, boosting the prospects of the Port Talbot steelworks. The company said it had received approval from the Pensions Regulator and that it had separated the Br ...

Daily Headline - global.abi.org - 09/11/2017 - 17:49 - 0 comments

Carillion Shakes Up Top Team as Part of Rescue Plan

Carillion, the struggling construction and outsourcing group, is shaking up its top team in an effort to turn itself round following a profit warning that left the company’s future in doubt, the Financial Times reported. Finance director Zafar Khan i ...

Daily Headline - global.abi.org - 09/11/2017 - 17:50 - 0 comments

U.K.'s Bid to Retain Euro Clearing After Brexit Gains EU Allies

The U.K. has gained potential allies in its bid to hold on to the business of clearing euro-denominated derivatives after Brexit, Bloomberg News reported. Sweden said a European Union proposal to allow authorities to force the biggest foreign derivatives ...

Daily Headline - global.abi.org - 09/10/2017 - 17:40 - 0 comments

Bell Pottinger Staff Told Firm Likely to Go into Administration Next Week

Staff at Bell Pottinger have been told that the scandal-hit PR firm is likely to go into administration early next week as attempts to find a buyer to salvage the company look to have failed, the Financial Times reported. According to two people with ...

Daily Headline - global.abi.org - 09/07/2017 - 22:54 - 0 comments

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