Tag Archives: Bankruptcy

Placing the Hanjin bankruptcy in a global shipping industry context

To understood the Hanjin bankruptcy is to understand the current state of the global shipping industry. And if Hanjin is any thing to go by, and it is, the picture isn’t good. However, it is not all doom and gloom as the shipping industry is in the process of reorganizing itself and of this Hanjin saga is simply a part. Continue reading

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A lifeline for Hanjin or a delay of the inevitable?

Will giving Hanjin more time to develop and submit a rehabilitation plan to the court give it the ‘breathing space’ needed to come up with a viable plan to say afloat? Or is it just delaying the inevitable? I guess we will have to wait unit December to find out. Continue reading

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UK Office Of Fair Trading Reviewing The High Cost Of Business Insolvency

By: Ainsley Brown The Office of Fair Trading (OFT), the agency charged with policing trade practices – read unfair trade practices – has launched a study into the high cost associated with business insolvency. The study will focus on the … Continue reading

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UK New Supreme Court Hands Down Its First Business Case Ruling: The Sigma SIV

By: Ainsley Brown The UK’s highest court, its new Supreme Court – new in name only, it still has the same functions as the old House of Lords – has handed down its first business case ruling. And it is … Continue reading

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Posted in Asset Management, Bankruptcy/Insolvency/Restructuring, debt, Economy, Investment, Litigation | Tagged , , , , , , , , , , , , , , , | Leave a comment

Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

By: Ainsley Brown The English High Court has scuttled a plan for quick payouts to creditors by the administrator’s of Lehman Brothers’ European arm. PricewaterhouseCoopers (PwC), the administrator is now carefully studying the judgment and weighing it options i.e. should … Continue reading

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Swedish Carmaker Saab Being Eyed By Several Potential Buyers

By: Ainsley Brown  In court papers presented to creditors in early April, the Swedish car maker, Saab explained that it has had extensive contacts with about 20 potential buyers.  Saab, which is being cut lose by General Motors (GM) as … Continue reading

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