A hearing today and Wednesday in front of the vice-chancellor is hoped to finally put the settlement reached between liquidators KPMG and former group auditor Coopers & Lybrand, now part of PricewaterhouseCoopers, to bed.
Until both the deal between PwC and KPMG and the creditors scheme of arrangement has been approved, no decision can be made on how to proceed with a slimmed down case against co-auditor Deloitte & Touche Singapore.
KPMG is suing Deloittes Singapore and Coopers for negligence in their work as auditors of the Barings group and its Singapore subsidiary where rogue trader Nick Leeson ran up over Pounds 800m worth of illegal transactions, which led to the British bank’s collapse.
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory
Lifestyle Living UK is being marketed for sale by FRP Advisory administrators