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.
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