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Norris to Appeal Extradition to Lords
High Ct has given Ian Norris, ex-CEO of Morgan Crucible, leave to appeal US extradition request to Lords, cartel was not criminal in UK in 1999, prior to Enterprise Act, US says it was conspiracy to defraud 14.03.07 Telegraph, Company Law, Competition Law, Extradition
Probe Into Sky Stake in ITV
DTI has asked Ofcom to conduct initial inquiry into Sky 18% shareholding in ITV, report on any public interest considerations, focus on cross-ownership of media, first such order under Enterprise Act Guardian Sky deal with Virgin on point of collapse 27.02.07 Telegraph, Broadcasting Code, Competition Law, Media Law
Bank Calls for Re-Think on Bankruptcy
HSBC CEO Mike Geoghegan has asked govt to consider reform of Enterprise Act, rise in IVAs and personal bankruptcies is pushing bank to restrict credit 06.12.06 Telegraph, Company Voluntary Arrangements, Consumer Credit, Individual Voluntary Arrangements
Competition
Commission has published annual report and accounts for 2003/04, the period during which it assumed powers under the Enterprise Act 15.07.04 CC Press Release, Competition Law Links
Personal Insolvency
ICA warns that under new provisions of Enterprise Act, govt will lose preferential treatment but will take up to 20% realised assets in fees for each case Credit Management 15.04.04 Buttersworth
Personal bankruptcy
could increase 10-fold under easier rules in Enterprise Act 18.12.03 Guardian, Insolvency Links
Extradition
UK directors suspected of corporate crime in the US will be extradited without trial, if new rule passed today, offences include price fixing or rigging bids 15.12.03 Financial Times, Capital Markets Links
Extravagance
New insolvency rules have hidden sting, running up hopeless debts will be punished 30.09.03 Times, Consumer Credit Links, Insolvency Links
Insolvency
New rules in Enterprise Act focus on 'rescue culture', faster, fairer for small and unsecured creditors 23.09.03 Butterworths, Insolvency Links
Insolvency
New regime now in force, focus on rescue, govt to lose priority, helping smaller creditors, potential to avoid court 16.09.03 BBC, DTI Press Release