A report by Neal Batson, the lawyer appointed by US bankruptcy authorities, said that: ‘RBS’ claims in the bankruptcy case, totalling approximately $537m, are susceptible to being equitably subordinated to the claims of other creditors.’
The report also states that there is ‘sufficient evidence of inequitable conduct’ by the bank to render its claims on Enron subordinate to claims from other parties.
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration