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insolvency

Culture of late payment shows no signs of abating

More than five years after the government brought in legislation to curb late payment, the average payment period of companies in the UK is still longer than when the legislation was introduced – 58 days, up 0.5 days on 1998....

#financial services#insolvency#invoice

Coface UK launches 'at-a-glance' online company rating system

Coface UK, a branch of one of the world's leading credit solutions companies, is providing an online company rating system…

#economic recovery#insolvency#management


Euler Hermes reinforces its presence in the Nordic countries

The world leader in credit insurance has confirmed reports of its takeover of the Finnish Credit Insurance Company (FCIC) (see…

#Allianz#guarantees#insolvency


Company liquidations fall by 16 per cent

Creditors' voluntary liquidations fell by 16.6 per cent in 2003, according to Experian®, the leading business information company in Ireland.…

#insolvencies#insolvency


Post-insolvency set-off: South Africa moves towards international best practice

Globalisation and the rapid expansion of international trade has highlighted the need for uniform and consistent insolvency legislation across international…

#insolvency#international#International Trade


Leading economic experts speak on the impact of next...

Next year will see a cut in the corporate income tax (CIT) from 27 per cent to 19 per cent,…

#bank#CIT#insolvency


EBRD report upbeat about economy but criticizes bankruptcy laws

The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…

#bank#bankruptcy#insolvency


Carousel Fraud – keep well clear

VAT crime has cost the Treasury millions and it is now aiming to fight back with a new clause in…

#Clear#frauds#insolvency


France stays on top of European insolvency league

According to a study conducted by the German credit insurance company Gerling NCM, the number of company bankruptcies in France…

#insolvency#insurance


New law helps keep businesses alive

Businesses in the UK experiencing financial difficulties will have more chance of survival as a result of the Enterprise Act…

#cash-flow#insolvency#invoice


Insolvency practitioners face regulation overhaul

Insolvency practitioners are facing an overhaul in the way licences are granted after a review of the licensing system proposed…

#conference#insolvency#R3


SMEs welcome insolvency rule change but accountant warns against...

Rules designed to prevent struggling companies from becoming insolvent came into force yesterday (15 September), to warm applause from small…

#Crown preference#insolvency#smes

Imminent Enterprise Act will help boost rescue culture

The Enterprise Act 2003, due to come into force on 15 September, will introduce a number of positive changes that…

#bankruptcy#banks#Boost

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