Ernst & Young are heading into the final straight of the Metronet
administration after Ken Livingstone gave the go-ahead for key legal proceedings
to kick off.
Partners from the firm will now be able to apply to the courts for permission
to put the stricken maintenance company into the hands of Transport for London
after the Mayor approved transfer schemes.
Administrator Alan Bloom said: ‘The Mayor’s approval is a major milestone
towards achieving the transfer of the business.’
E&Y’s administration team will write to creditors in early May to provide
further details of the transfer schemes, the firm said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK