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The UK Bribery Act 2010: a stretch too far?

The new UK Bribery Act will be brought into force in April 2011. You may think: so what, I am in Hong Kong? It is not, however, just UK companies that are at risk. Any overseas company carrying on a business, or part of a business, in the UK can comm ...

Resource Article - global.abi.org - 10/11/2010 - 13:56 - 0 comments - 0 attachments

Bankruptcy Law changes in the offing.

the bankruptcy and any preferential payments. Section 21 (6) proposes to amend section 85(4) of the ... discharge when he or she complies with section 41 of the 1988 Act. Section 21(4) of the Bill clarifies ... restates section 85(4) of the 1988 Act. Section 21(7) of the Bill clarifies the existing law in the 1988 ...

Resource Article - global.abi.org - 10/08/2010 - 09:43 - 0 comments - 0 attachments

Ex-Arcandor CEO Middelhoff's Home Searched in Probe Linked to Bankruptcy

Former Arcandor AG Chief Executive Officer Thomas Middelhoff’s home and office were searched yesterday as part of a probe into the company’s bankruptcy, Bloomberg reported. Bochum prosecutors are investigating about 20 people over Arcandor’s demise, Gerr ...

Daily Headline - global.abi.org - 10/08/2010 - 06:29 - 0 comments

Iceland Banks May Be Asked to Forgive $2 Billion After Protests

burdens after the Oct. 4 unrest. The protests drew bigger crowds than in the weeks before former Prime ...

Daily Headline - global.abi.org - 10/08/2010 - 06:28 - 0 comments

Ó Céidigh Part Of Aer Arann Rescue Bid

profit of more than €4.4 million in 2007, Aer Arann, which leases 13 aircraft, has lost about €6 million ...

Daily Headline - global.abi.org - 10/08/2010 - 06:28 - 0 comments

EU Set To Tighten Bank Bonuses Even More

Strict curbs on bankers' bonuses could be made tighter from next year under new European Union proposals, Sky News Online reported. Measures due to be published within days by regulators in Brussels could mark the biggest clampdown yet on bankers� ...

Daily Headline - global.abi.org - 10/08/2010 - 06:27 - 0 comments

UK Banks Seen Speeding Loan Sell-Offs

Britain's banks are set to accelerate the sale of distressed assets or portfolios of loans, restructuring experts said at a Reuters Summit this week. Royal Bank of Scotland, Lloyds and others are showing more interest in selling businesses or loans ...

Daily Headline - global.abi.org - 10/07/2010 - 09:26 - 0 comments

Adesto Acquires Intellectual Property, Patents From Qimonda

Adesto Technologies Inc., a developer of low-power memory chips for consumer electronics, says it has acquired intellectual property and patents from German semiconductor company Qimonda AG, Dow Jones Daily Bankruptcy Review reported. Adesto bought Qimon ...

Daily Headline - global.abi.org - 10/07/2010 - 09:24 - 0 comments

Financial Regulator Urges Caution On Imposing Losses On Holders Of Senior Debt

Ireland’s Financial Regulator Matthew Elderfield told an Oireachtas committee today that there should be caution about imposing losses on holders of senior debt in insolvent Irish financial institutions, Finfacts reported. Elderfield said the Governm ...

Daily Headline - global.abi.org - 10/07/2010 - 09:23 - 0 comments

Acceptation of scheme by German courts

In the course of several decisions German courts have pondered this question. The decisions were based on lawsuits of different national insurance holders against one and the same British insurance company who had implemented scheme proceedings. The comp ...

Resource Article - global.abi.org - 10/06/2010 - 10:28 - 0 comments - 0 attachments

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