“Commercial Awareness Is Global.”
By: Ainsley Brown Switzerland´s second largest bank, Credit Suisse, in a sign of generosity – oh sorry, let me re-phrase that – in a sign of commercial awareness and good customer relations, has decided to compensate clients who suffered losses as a result of the collapse of Lehman Brothers. It is the first investment bank to put forward such a
By: Ainsley Brown General Motors (GM) this week in another move in its restructuring plan has taken further steps to divest itself of its European operations. First it was Swedish Saab now it’s the UK’s Vauxhall. According to the report in the Times GM is prepared to sell Vauxhall at a discount price – you could even say at a
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 part of its own restructuring efforts, filed for bankruptcy in February. In filing for bankruptcy Saab is hoping to buy
By: Ainsley Brown This is a follow up to: More Human Rights Cases Being Brought by Companies. The former shareholders of Northern Rock, principally lead by the hedge funds SRM Global and RAB Capital, have failed in their attempt to use human rights law in their case against the UK government – HM Revenue & Customs and the Bank of
If you don’t know already Nortel Networks Corp the Canadian telecom giant files for creditor protection last week. This is a might fall for a once mighty company, a company almost as old as the telephone itself, company that was an innovator and industry leader. At its peak during the dot.com bubble it was Canada’s largest company accounting for almost