Insolvency Vacancy

Insolvency Vacancy

Insolvency Vacancy

Biotech and pharma insolvency in the UK: a new article

, published six times a year by Lawtext Publishing, carries a ten-page article, “Implications of Licensor becoming Insolvent: An English Law Perspective” by Sangeeta Puran and Sarah Nagel (Mayer Brown, London). Though the title suggests a general review of the subject, the authors are pointing it in the direction of a biotech and pharma readership. According to the abstract, “While many in the biotech and pharmaceutical sectors see outright acquisitions gaining preference with cash-strapped biotech companies, the out-licensing of development programmes remains a popular option for cash-rich rights owners confident of the value in their programmes. Nevertheless, in the context of the current climate, it is imperative that a licensee understands the implications of their licensor becoming insolvent and is aware of the practical steps that can be taken to protect its licence. This article explores the consequences for a licensee of a licensor becoming insolvent under English law. Issues considered include the possible disclaimer of a licence by a liquidator and the ability of a licensee to enforce its rights in the event of a possible disposal by a liquidator or an administrator of the intellectual property assets licensed to the licensee. The article then goes on to advise on the viability of the different ways a licensee can protect its licence and ways of mitigating risks. These options include assignment of ownership of the intellectual property in question, entering into co-ownership arrangements and taking security over the licence. The article references several legislative provisions, case law authorities and academic authority to give a broad view of the risks and options for a licensee on the insolvency of the licensor”.Source: blogspot.com

Multiple Insolvency Partner opportunites

ACA ACCA Audit Director Audit Manager Audit Partner BIMBO Bolton recruitment Corporate Finance Corporate Finance Manager Corporate Finance Partner Deloitte Deloitte jobs Equinox Financial Equinox Leeds Equinox recruitment Equinox Yorkshire FD recruiter FD recruitment Finance Director recruitment Ian Wright Ian Wright Equinox Jobs in Practice KPMG jobs Management Buy In management team Manchester headhunter Manchester recruitment MBI MBI Deals MBI Directors MBI Finance MBI jobs MBI Manchester MBI North West MBI Opportunities MBI Teams MBO Non Exec Practice vacancies private Equity Recruiter vacancy Leeds Selling a business Transaction Services Jobs Transaction Services Leeds TS jobsSource: co.uk

3 Senior Appointments Grow National Restructuring & Insolvency Team to 60 Personnel

On Thursday December 1st, leading audit tax and advisory firm, RSM Farrell Grant Sparks announced the expansion of 3 New Senior Appointments to their Restructuring & Insolvency Team. Included in the expansion are the internal promotion of John Coulston to Director and the hiring of David Farrell and Anthony O’Toole who have both joined from leading financial institutions. The Firmwide Department now comprises of 3 partners, 5 Directors and has a  60 strong  team.Source: rsmfarrellgrantsparks.ie

Illinois Insolvency, Chicago Commercial Real Estate Outlook, Warehouse Vacancies Hit 12.1%

, *Illinois Pays Pension Bond Premium as Budget Fix Eludes State), entity bankruptcy or cop a Fed bailout (inflation tax).  How the hell does this end? Also there’s mucho industrial space out there.  The vacancy rate hit 12.15% in Q4 2009 at 159 Million Square Feet, “highest it’s been in 20 years” (Warehouse Vacancies 1/20/2010 (Crain’s Chicago VIDEO).  Crain’s Chicago also had a 2010 commercial real estate outlook video with analysis from Copley Advisors.  The office vacancy rate hit 16.2% in Q4 2009 and Copley thinks it will hit 20% (from last downturn). Previous municipal posts form 2009: California Issues IOUs, California GO Bond Bets Moody’s Downgrades Detroit $781M GO Debt Further Into Junk Oakland, California Denies Bankruptcy Rumors, General Fund Drying Up Jefferson County Volatility, Interest Rate Swaps to National GuardSource: distressedvolatility.com

Corporate Recovery and Insolvency Jobs

In thriving economies more companies are formed, which means more competition and vulnerability for existing companies who will look for professional advice on profit improvement and working capital review. So whatever the economic circumstances there is always room for corporate recovery jobs and the demand for qualified professionals is usually high.Source: kotot.com

Ajobs UK: Corporate Recovery / Insolvency Lawyers Jobs Vacancies in Glasgow

Glasgow / Edinburgh Are you a lawyer who has worked in an insolvency team or possibly has some experience of restructuring from a banking or corporate perspective? Do you have couple of years experience in insolvency/corporate recovery and are now looking to specialise in this area, or are a more experienced lawyer looking for the opportunity to progress your career by joining a very successful, growing specialised practice? Our client has a team of 8 specialist corporate recovery / insolvency lawyers in Scotland, and over 60 nationwide. They work with all the major national banks and have secured instructions on many high profile administrations. Supported by an excellent litigation practice, this non-contentious insolvency / corporate recovery practice is now widely recognised as one of the most successful and highly ambitious teams in Scotland and they are looking for one or two individuals with similar ambitions to join to enable their continuing strong growth. So if you are someone who specialises in non-contentious work and is looking to establish yourself in a large and growing practice with a strong sense of teamwork and a good support structure in place, then we would like to speak to you. If you would like some more information or to discuss this a further, please contact Paul Steven, PRG Executive Search on 0131 550 1463 / 07846 821 462. Job Reference: PS2001 Closing Date: 02-May-2011Source: blogspot.com

Special Administration Notice for Insolvency Practitioners

There is no prescribed form to be used in the following circumstances. You may send this information in any format, though we would ask that it conforms to our policy on the quality of documents. Alternatively we would accept the equivalent form prescribed in the Insolvency Rules ( Scotland) 1986, although we would ask that you annotate the form to refer to the correct legislation.Source: gov.uk