KPMG has been approached by more than 250 parties as the liquidator attempts
to wind up Lehman Brothers’ Hong Kong operations.
Head of real estate Michael Lindsay is on secondment to KPMG’s Hong Kong
office to oversee the disposal of Lehman’s $1.25bn property portfolio.
The portfolio includes hotel developments, retail and commercial buildings.
More than 90% of its country and currency risk is in Thailand and China.
Prospective buyers include rival investment banks, private equity funds,
hedge funds and property companies.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.