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D&O Liability Coverage: Nice or Necessary?
If the supplier files for bankruptcy and shuts its doors, the manufacturer will most likely be forced to find a new supplier which could push back product delivery schedules. If customers decide to take their business elsewhere and expenses for the new
Updated: 11/11/2011 08:55A
Sean Quinn, Once Ireland's Richest Man, Applies for Bankruptcy
Sean Quinn, once ranked as Ireland's richest man, applied for voluntary bankruptcy in Northern Ireland today, seven months after he lost control of the business group he founded in 1973.
Updated: 11/11/2011 08:50A
Account transfer in the event of an FCM liquidation
This Client Alert addresses the impact on a customer of a futures commission merchant (FCM) with respect to his or her accounts held by that FCM prior to a filing for bankruptcy under Title 11 of the United States Code, 11 USC §§ 101-1532 (the
Updated: 11/11/2011 08:48A
Italian Senate approves key reforms
Italy's Senate has given its initial approval to a package of key economic reforms aimed at staving off bankruptcy, including state asset sell-offs and a liberalisation of local services. Final approval of the measures by the lower house -- expected on
Updated: 11/11/2011 08:46A
Read MF Global's First 'Money Is Missing' Email
Tucked into court documents related to MF Global's bankruptcy case is the company's first official notice to regulators that there was a “significant shortfall” in MF Global's client accounts. Note that this email from MF Global's general counsel was
Updated: 11/11/2011 08:41A
Your employer's stock: How much is too much?
Nov 11 (Reuters) - The 2001 collapse of Enron may look like small potatoes by post-2008 standards of corporate malfeasance and disaster. But it was pretty ugly at the time -- and nothing was more painful to watch than the hit employees
Updated: 11/11/2011 08:41A
Evergreen Solar Wins Court Approval to Sell Most of Its Assets
The case is In re Evergreen Solar Inc. 11-12590, US Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter on this story: Michael Bathon in Wilmington, Delaware, at mbathon@bloomberg.net.
Updated: 11/11/2011 08:35A
Sen Quinn declared bankrupt in Belfast court
The application for voluntary bankruptcy was made through Mr Quinn's lawyer, a licensed insolvency practitioner. In making the application in Northern Ireland, Mr Quinn will be free to go back into business after one year, rather than the 12 years
Updated: 11/11/2011 08:31A
Ireland's Ex-Richest Man Bankrupt
Mr Quinn said he had done everything to avoid bankruptcy, which was declared at the High Court in Belfast. "I was born, reared and worked all my life in Co Fermanagh. It is for this reason that my bankruptcy application was made today in Northern
Updated: 11/11/2011 08:29A
Irish property tycoon Sean Quinn declares bankruptcy in UK
One of Ireland's richest men has declared himself bankrupt in the UK over debts of 2bn (£1.7bn) to the former Anglo Irish Bank. Sean Quinn made the application in Northern Ireland because he said he was "born, reared and worked all my life in Northern
Updated: 11/11/2011 08:29A
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