Voting results filed with the US Bankrupty Court for the Southern District of
New York show 81% of 4,000 eligible creditors have approved
Corp‘s ‘first amended joint plan of reorganization’.
Although Delphi could make no assurances, the company believes the plan
satisfies the requirements of the Bankruptcy Code.
The company is now seeking a judge’s approval of the plan in a two-day
hearing in New York.
Among the objections Delphi faced were protests by labor unions over a
management compensation plan which gives valuable equity stakes in the
reorganised company to top executives.
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
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