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Outokumpu Strikes Deal to Cut 1,000 Jobs, Close German Facility

Outokumpu Strikes Deal to Cut 1,000 Jobs, Close German Facility Company in Midst of Cost Savings Plan Aiming at €450 Million in Reductions By Juhana Rossi | March 30, 2014 5:16 p.m. ET HELSINKI—Finnish stainless steel company Outokumpu Oyj said late Sunday employee groups have agreed to a deal which will enable it to close… Continue Reading

Left Alliance Quits Finland Government Over Austerity Measures

Left Alliance Quits Finland Government Over Austerity Measures Mounting Challenges, Including Slow Growth in Russia, Pushing Government to Action By Juhana Rossi | March 25, 2014 HELSINKI—Finland’s decision to launch a fresh round of austerity measures to halt growth in public debt resulted in a junior partner quitting the country’s six-party coalition government late Tuesday.… Continue Reading

Isis Investments v Oscatello Investments

Isis Investments v Oscatello Investments February 28 2014 27 November 2013 [2013] EWCA Civ 1493 Court of Appeal (Longmore, Jackson, Vos LJJ) Which law applies to applications to bring additional claims? In another instalment of the Tchenguiz saga,….” http://www.lexology.com/library/detail.aspx?g=66bb86d0-e0ce-4026-9a34-989a3c73371b

Features of universality principle introduced to Dutch international insolvency law

Features of universality principle introduced to Dutch international insolvency law February 28 2014 Introduction In a ground-breaking decision issued on September 13 2013, the Dutch Supreme Court found that a foreign bankruptcy trustee may, in principle, exercise the powers conferred on him or her under the lex concursus (the law governing the bankruptcy) in the… Continue Reading

Danske Bank to sell Denmark’s first Additional Tier 1 bond

Danske Bank to sell Denmark’s first Additional Tier 1 bond By Aimee Donnellan | Wed Feb 26, 2014 LONDON, Feb 26 (IFR) – Danske Bank is preparing to sell Denmark’s first Additional Tier 1 bond and has hired Bank of America Merrill Lynch, BNP Paribas, Danske Bank, Goldman Sachs, HSBC and JP Morgan to act… Continue Reading

Der stille Verwalter schleicht sich ein

Der stille Verwalter schleicht sich ein February 3 2014 Die Einführung des “Pre-Packs”, ohne gesetzliche Grundlage, die Krise wartet (eben) nicht auf die Regierung. Einleitung In Belgien und Frankreich kennt man ihn schon länger, in Großbritannien und den Vereinigten Staaten arbeitet er schon seit Jahren: der stille Verwalter. Seine Aufgabe ist es, das zu verhandeln… Continue Reading

Denmark investigates Danske Bank over price manipulation

Denmark investigates Danske Bank over price manipulation Bank says four employees violated internal rule and may potentially have manipulated prices 07 FEBRUARY 2014 Denmark’s public prosecutor for serious economic and international crime is investigating Danske Bank over price manipulation of a particularly serious nature, the bank said today. This has also been confirmed by the… Continue Reading

Norway’s household debt rise a worry: Central Bank

Norway’s household debt rise a worry: Central Bank By Reuters | 4 Feb, 2014 OSLO: Norwegian household debt is continuing to rise faster than income and this is a concern for the central bank, Birger Vikoren, Norges Bank’s executive director for monetary policy said on Tuesday. “The growth in debt continues to outpace the rise… Continue Reading

Danish coalition on brink in Goldman drama

Danish coalition on brink in Goldman drama 31 JANUARY 2014 Socialist People’s party pulls out of government amid public outcry and controversy over Goldman Sachs’ investment in state-owned utility Dong Energy ….” http://www.ft.com/intl/cms/s/5ae48e0e-8992-11e3-abc4-00144feab7de,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5ae48e0e-8992-11e3-abc4-00144feab7de.html%3Fftcamp%3Dpublished_links%252Frss%252Fhome_uk%252Ffeed%252F%252Fproduct%26siteedition%3Dintl&siteedition=intl&ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct&_i_referer=http%3A%2F%2Ffeedly.com%2Findex.html#axzz2rpytY2VH

Is Finland a Victim of the Austerity Medicine It Prescribed for Europe?

Is Finland a Victim of the Austerity Medicine It Prescribed for Europe? By Carol Matlack January 23, 2014   Finland stood resolutely with austerity hawks in the debate over managing Europe’s debt crisis. But while that crisis is now easing, Finland’s own economy is ailing—and some are asking whether an overdose of austerity is to… Continue Reading