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Adequate procedures – Guidance to the UK Bribery Act 2010

Transparency International UK, in association with FTI Consulting and Halcrow, has published comprehensive Guidance on Adequate Procedures under the UK Bribery Act 2010. The guide is available to download free of charge. www.transparency.org.uk ...

Resource Article - global.abi.org - 09/16/2010 - 14:15 - 0 comments - 0 attachments

European Court of Justice confirms that privilege does not apply to in-house lawyers under EU competition law

The European Court of Justice (ECJ) has today handed down judgment in the Akzo privilege case, confirming that legal professional privilege does not apply to protect communications between parties and their in-house lawyers from disclosure during competi ...

Resource Article - global.abi.org - 09/16/2010 - 13:57 - 0 comments - 0 attachments

EU Clears Restructuring Of Latvia's Parex Bank

Failed Latvian lender Parex won European Union regulatory approval on Wednesday for its plan to split up its sound assets into a new bank as part of a restructuring to ensure its viability, Reuters reported. Parex's state bailout in November 2008 wa ...

Daily Headline - global.abi.org - 09/16/2010 - 08:52 - 0 comments

Greece Rules Out Possibility Of Default

Greece’s finance minister has strongly rejected the idea that Athens will be forced to restructure its debts, saying that a default would break the eurozone. On a two-day visit to London, Paris and Frankfurt to convince investors that Athens has turned a ...

Daily Headline - global.abi.org - 09/16/2010 - 08:51 - 0 comments

Zombie Buildings Shadow Spain's Economic Future

Some 1.5 million unfinished, unsold or unwanted residential units stand scattered across Spain, products of a still-deflating housing bubble that threatens to undermine the country’s broader economy for years to come, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 09/16/2010 - 08:51 - 0 comments

Greece Raises $1.5 Billion In Debt Sale

oversubscribed 4.54 times - compared to 3.64 times for the last 26-week T-bill issue in July - and had a yield of 4.82 percent, the Public Debt Management Agency said. It accepted additional noncompetitive offers ...

Resource Article - global.abi.org - 09/15/2010 - 09:31 - 0 comments - 0 attachments

Quinn Criticises Regulator's UK Refusal

The Quinn Group has heavily criticised the Financial Regulator’s decision yesterday not to allow Quinn Insurance Limited (QIL), which is in administration, to write new commercial business in the UK, The Irish Times reported. Quinn Group said commerc ...

Daily Headline - global.abi.org - 09/15/2010 - 09:26 - 0 comments

McInerney Gets Examiner Despite Banks' Opposition

The High Court has confirmed the appointment of an examiner to housebuilding firm McInerney Homes and a number of related companies, The Irish Times reported. Mr Justice Frank Clarke ruled that examiner William O’Riordan of PricewaterhouseCoopers mus ...

Daily Headline - global.abi.org - 09/15/2010 - 09:26 - 0 comments

Motorists Fill Tanks Ahead Of Greek Strike

Motorists rushed to gas stations as Greek truck drivers started a new wave of protests Monday, declaring a work stoppage and parking hundreds of vehicles along major highways in opposition to government plans to liberalize their profession, the Associate ...

Daily Headline - global.abi.org - 09/14/2010 - 08:19 - 0 comments

Three Banks May Secure 20% Of Firm's Irish Businesses

Three banks could end up with around 20 per cent of house building group McInerney Holdings’ Irish businesses if a deal to save the companies involved is hammered out by the examiner appointed by the High Court yesterday, The Irish Times reported. Th ...

Daily Headline - global.abi.org - 09/14/2010 - 08:18 - 0 comments

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