State aid: Commission opens in-depth investigation into support for Romanian petrochemical company Oltchim – EU News

Commissioner Margrethe Vestager, in charge of competition policy, stated: “Following the economic difficulties of Oltchim and the cancellation of public debts owed by the company, we need to verify whether a private creditor would have accepted to act in the same way. Thanks to its recent reorganisation, Oltchim’s financial situation has improved and Romania hopes…

Former health secretary accused over publishing company insolvency – The Guardian

The business practices of Stephen Dorrell have been called into question after a business partner accused the former health secretary of leaving him with nothing. Dorrell used a controversial insolvency procedure to move a publishing company into a new corporate entity owned by himself, making shares owned by his business partner worthless and thwarting an…

State aid: Commission opens in-depth investigation into support for Romanian petrochemical company Oltchim – EU News

Commissioner Margrethe Vestager, in charge of competition policy, stated: “Following the economic difficulties of Oltchim and the cancellation of public debts owed by the company, we need to verify whether a private creditor would have accepted to act in the same way. Thanks to its recent reorganisation, Oltchim’s financial situation has improved and Romania hopes…

The full details of the Swansea City takeover: All the key questions answered – WalesOnline

Swansea City are set for major investment from the US as part of a shock takeover deal . It comes after months of secret top-level talks and will potentially see Swansea compete on another level after establishing themselves in the Premier League. WalesOnline broke the sensational story tonight and now Football Correspondent CHRIS WATHAN provides…