Alastair Meeks of Pinsent Masons, the law firm behind Out-Law.com, was commenting as the Pensions Regulator revealed that it had only approved 24 such arrangements, almost eight years after the mechanism was set out in law. An RAA can be used to transfer an employer’s pension liabilities to the Pension Protection Fund (PPF), but only…
WOODBRIDGE, N.J., March 15, 2016 — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a second liquidation distribution to its stockholders in the amount of $0.36 per share (approximately $3.9 million in the aggregate) during the week of April 19, 2016…
Nigella Lawsonis closing her TV production company (Picture: BBC) While none would dispute Nigella Lawsons expertise in the kitchen, it seems her television production company has been overdone. The buxom 56-year-old TV chef has placed her production company, Pabulum Productions, into voluntary liquidation. The announcement follows news that Nigellas TV show The Taste was axed…
Over the past three decades, global interest in emerging markets has soared, and when the financial crisis of 2008 hit, emerging markets were largely thought to be the next engine of global growth. Insofar as they have complied with this investor aspiration over the past few decades, they have also adopted a negative aspect of…
You know the economy is slowing when insolvency, litigation and dispute work starts streaming in to law firms. That is certainly the case at Big Four law firm Rajah & Tann, whose lawyers in these areas are the busiest at the company these days. Mr Chia Kim Huat, Rajah & Tann’s regional head of corporate…
©Bloomberg Sir Philip Green The crisis at British Home Stores barely registers on the countrys high streets. Many years have passed since the shopping public thronged the department-store chains aisles and tills. But how it plays out still matters a great deal to the companys 20,000 pensioners, as well as its former owner, the retail…
New Delhi: March 15, 2016, DHNS Finance Minister Arun Jaitley on Monday urged the Opposition to help pass bankruptcy and insolvency laws in Parliament, in absence of which, the government was unable to get a firm handle on the long pending issue of non-performing assets (NPAs), and wilful defaulters. The country needs bankruptcy and insolvency…
India foreign direct investment (FDI) remains healthy while competitive federalism, the devolution of economic resource allocation and decision-making to the states is producing results said Adrian Lim, senior investment manager at Aberdeen Asset Management. In an interview to ET he said though corporate earnings growth has been stalling there have been signs of resilience among…
Insolvency firm Begbies Traynor has won a major new insolvency services contract with the Northern Ireland governments Department of Enterprise, Trade and Investment (DETI). Begbies said the contract will be managed by its Scotland and Northern Ireland operation, who will help the DETI manage historically high levels of both corporate and individual insolvency. Begbies said…
By Mark Kleinman, City Editor The Co-operative Bank has kicked off a search for a new chief executive nearly three years after its current boss was parachuted in to rescue it from the brink of collapse. Sky News has learnt that the Co-op Bank’s board has begun a process of identifying potential successors to Niall…