Such actions enabled supervisors to delay
closing failed firms, which allowed recipients to gamble for recovery.
Not exact matches
ZTE has recently
failed to come
close to rivals like Apple, Samsung and fellow Chinese
firm Huawei.
Happily, that latter
failing will shortly be remedied in Bristol, as the
firm closes in on the final phase of the renovation of its headquarters.
News yesterday (22 November) that King & Wood Mallesons» (KWM) embattled European arm had
failed to secure enough support to recapitalise the business has left former partners and others
close to the
firm reeling.
Economic uncertainty has not caused cash flow problems for law
firms — reforms to the personal injury sector has been the main cause for law
firms failing or
closing in this sector.
The reforms have impacted heavily on cash flow for law
firms and put them at real risk of
failing; some
firms have already been forced to
close or make redundancies as they have been impacted by the personal injury reforms.
Your point would be valid if the deal is
firm and for some reason the buyer
failed to
close.