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Cover story - Waving not drowning.
(From Financial Director)
Byline: Sarah Perrin.
With foggy economic outlooks for many market sectors, increasing numbers of FDs will find themselves focused on steering clear of insolvency.
Could new measures provide a practical survival aid?
The measures in question reside in the incoming fast-track administration process introduced by the Enterprise Act 2002, a process more in tune with the debtor-friendly Chapter 11 procedure in the US. Directors will be able to appoint an administrator by simply filing a Notice of Appointment at court, with no hearing before a judge required. This means companies will be able to shelter rapidly ...
- The United Kingdom: The Enterprise Act 2002 - Not as close to Chapter 11 as it...
- Newspaper article from: Private Placement Letter July 19, 2004 700+ words
...encompassed in the Enterprise Act, were first announced...Enterprise Bill, the Enterprise Act 2002 came into force...possession. Whilst the Enterprise Act has put all the emphasis now on the administration process (although administrative...
- The Enterprise Act 2002 - What Difference Has It Made A Year On?
- News wire article from: Mondaq Business Briefing February 14, 2005 700+ words
...provisions of the Enterprise Act 2002 came into force...fast and streamlined administration process to rescue struggling businesses. Has the Enterprise Act 2002 made any difference...introduction of the Enterprise Act. More likely, the...
- The Enterprise Act is in a commendable spirit but companies need to be aware of...
- Newspaper article from: The Journal (Newcastle, England) June 5, 2003 700+ words
...their underlying businesses. The Enterprise Act 2002 is another step in the right...promote company rescue, via the administration process, and reduce traditional insolvencies...2) Can the business survive the administration process? - Maintaining the goodwill of...
- COVER: Eyes wide shut.
- Magazine article from: Mortgage Strategy November 3, 2008 700+ words
...on regardless. The Enterprise Act 2004 has streamlined the administration process and made it easier...says that since the Enterprise Act came into force there...and some jobs. The administration process is geared to rescue...
- New competition and consumer law responsibilities for OFT; OFT launches guide...
- Press release article from: M2 Presswire November 8, 2002 700+ words
...responsibilities for OFT; OFT launches guide to Enterprise Act (C)1994-2002 M2 COMMUNICATIONS...competition and consumer provisions of the Enterprise Act 2002 and its new powers, role and...under the Act. It also launched an Enterprise Act enquiry line. The Enterprise ...
- Cartels - A Review.(United Kingdom. Enterprise Act 2002)
- News wire article from: Mondaq Business Briefing Ramage, Sally February 22, 2007 700+ words
...use of the OFT's powers due to the Enterprise Act 2002. The BA/Virgin Atlantic price...investigation into fuel surcharges under the Enterprise Act 2002 and in conjunction with the US...pounds]18.6 million. The UK's Enterprise Act 2002 gives the Office of Fair Trading...
- Enterprise Act provisions for disclosure of information overseas; OFT consults...
- Press release article from: M2 Presswire April 11, 2003 700+ words
...PRESSWIRE-11 April 2003-UK Government: Enterprise Act provisions for disclosure of information...will exercise its powers under the Enterprise Act to disclose information to overseas...civil investigations. Part 9 of the Enterprise Act repeals existing controls on information...
- The Enterprise Act - Merger Control Provisions.
- News wire article from: Mondaq Business Briefing May 15, 2003 700+ words
...the new merger control regime in the Enterprise Act 2002. Changes to the current regime...below. The new jurisdictional test The Enterprise Act amends the current jurisdictional test...share of supply" test). (Section 23 Enterprise Act 2002) The turnover test replaces the...