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He retained a 7% stake in Bell Pottinger. [2] He later (July 2017) claimed that he had left the company partly due to concerns over its "smelly" activities for a South African client, Oakbay Investments. [49] The Bell Pottinger Group had been ranked number one in the PRWeek and Marketing magazine league tables. [50] [51]
The two key principles suggested by Cork were: Insolvency laws were treated by the trading community as an instrument in the process of debt recovery and constitute in many cases, the sanction of last resort for the enforcement of obligations; Insolvency laws were the means by which the demands of commercial morality can be met, through the investigation and the disciplinary measures and ...
Born in São Paulo, the son of a Brazilian mother and English father, Henderson grew up in London's Kensington and attended Haileybury and Imperial Service College. [3] He studied law at the University of Buckingham [1] and then worked briefly for a London stockbroker before joining corporate PR firm College Hill (today, Instinctif) [4] in December 1989 – first as a researcher, later as a PR ...
Insolvency is not a synonym for bankruptcy, which is a determination of insolvency made by a court of law with resulting legal orders intended to resolve the insolvency. Accounting insolvency happens when total liabilities exceed total assets (negative net worth). [2] [3] [4] [5]
The Bankruptcy and Insolvency Act ("BIA") [1] The Companies' Creditors Arrangement Act ("CCAA") [2] The Winding-Up and Restructuring Act [3] The following discussion concentrates on insolvency as it applies to corporations, but the rules apply to individuals and other entities involved in commercial matters as well, with necessary modifications.
Insolvency practice was historically dominated by white men, [1] and section 158(2) of the Insolvency Act explicitly licensed the Minister to consider affirmative action in making the policy. The impugned clauses of the policy were related to these affirmative action considerations.
The anti-deprivation rule (also known as fraud upon the bankruptcy law) is a principle applied by the courts in common law jurisdictions (other than the United States) [a] in which, according to Mellish LJ in Re Jeavons, ex parte Mackay, [1] "a person cannot make it a part of his contract that, in the event of bankruptcy, he is then to get some additional advantage which prevents the property ...
The EC Regulation on Insolvency Proceedings 2000 was passed on 29 May 2000 and came into effect on 31 May 2002. [5] It replaced the substance of the 1995 Convention. [6] The Regulation applies between all member states of the European Union, with the exception of Denmark which has an opt-out from the EU's Area of freedom, security and justice, and focuses upon creating a framework for the ...