Barclays has agreed to pay $144m
(£76m) to extract itself from an Enron lawsuit.
The energy giant had been claiming that the bank owed it $144m, whilst
Barclays claimed Enron owed it $310m. A bankruptcy court will now decide how
much, if any of the $310m Barclays is owed,
The dispute arose as a result of outstanding transactions at the time of
There are separate class
action proceedings from Enron shareholders in relation to Barclays too,
which have yet to be resolved.
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