News in brief.

Rupert Nicholson, widely regarded as the doyen of insolvency in the 1970s, has died, aged 91. Nicholson, a former partner in Peat Marwick Mitchell, now KPMG, was best known for running the receivership of Rolls-Royce, which hit severe financial trouble in 1971. The receivership was to become the most important of its time, and paved the way for the modern style of insolvency.

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