MPs have accused the former owners of turkey ham producer Bernard Matthews of “lining their own pockets” in a deal that saw the company’s defined benefit pension scheme fall into the Pension Protection Fund. On Saturday (13 April), the Work and Pensions select committee published letters from the firm’s administrator which revealed Rutland Partners, the owners, had…
Its well-known that debt can wreck a marriage. Till debt do us part, as financial guru and TV host Gail Vaz-Oxlade would say. But breaking up wont end your financial woes. Indeed, it can drive you deeper into debt and even lead to bankruptcy. Story continues below READ MORE: Could you handle a 33 per cent interest-rate…
BlackRock, the worlds largest asset manager, called on the US government to embark on a sweeping privatisation programme to harness capital to meet Americas vast infrastructure investment requirements. Larry Fink, chief executive of BlackRock, said new federally subsidised bonds would help repair crumbling US roads and bridges, but more private capital was desperately needed to…
Over the past two years, shares in Ferrexpo(LSE: FXPO) have been on a wild ride. After peaking at a high of just under 500p during 2011, shares in the Ukrainian iron ore miner collapsed to a low of 16p at the end of 2015. But then, in what has to be one of the most…
Over the past two years, shares in Ferrexpo(LSE: FXPO) have been on a wild ride. After peaking at a high of just under 500p during 2011, shares in the Ukrainian iron ore miner collapsed to a low of 16p at the end of 2015. But then, in what has to be one of the most…
Over the past two years, shares in Ferrexpo (LSE: FXPO) have been on a wild ride. After peaking at a high of just under 500p during 2011, shares in the Ukrainian iron ore miner collapsed to a low of 16p at the end of 2015. But then, in what has to be one of the…
Corporate law firm Shulmans is strengthening its business recovery and insolvency team with an appointment and internal promotion. Lucy Clark, who joined the firm in 2013, has been promoted to associate. Clark has specific expertise in investigatory work and asset realisation in complex bankruptcies, in addition to extensive knowledge of all matters relating to administrations,…
An ABC investigation into the activities of a number of business advisers, who help companies avoid paying millions of dollars in tax and money owed to small mum-and-dad businesses has uncovered a raft of potentially illegal transactions that are now the subject of investigation by ASIC and the Australian Tax Office (ATO). Key points:…
2017-04-12T09:55+02:00 09:55 12.04.2017 The Individuals Deposit Guarantee Fund has started searching for authorized persons interested in participating in the removal of insolvent Finbank (Odesa) from the market, the fund has reported on its website. Preliminarily the authorized persons would have the following ways to remove the bank from the market: liquidation of the bank, selling…
A global firm has voiced its support for the federal governments proposed changes to Australias insolvency laws, which will have a significant impact on businesses and their legal advisers if passed. Two insolvency experts from King & Wood Mallesons told Lawyers Weekly that they welcomed the reforms proposed…