Arms of UK administration embrace US companies

Recent European legislation means that non-UK incorporated companies can be put into administration in the UK if they fulfil certain criteria. Impending changes to UK law will also make administration quicker and cheaper.

Russia enters Lithuanian banking market

One of Lithuania's largest banks has come under nominal control of a little-known Russian financial institution, leaving industry insiders to wonder whether there is any potential synergy between the two.

Swiss Re declines comment on Gerling NCM rumours

Swiss Reinsurance Ltd's Chief Financial Officer, John Fitzpatrick, declined to confirm or dispel rumours in the German press that Swiss Re plans to increase its 25 per cent holding to own a majority of Gerling NCM, the Netherlands-based credit ins