LLPs are not as safe as you might think September 28, 2010 THE LIMITED Liability Partnership vehicle is now a decade old, but its uptake has reportedly surged amid economic hard times. Members of insolvent LLPs are certainly better off than their counterparts in insolvent partnerships, who must routinely dig into their own pockets to meet creditors’ claims. This summer, though, saw the first high-profile collapse of [...]
Banking regulations won’t bring stability September 28, 2010 THE BASEL III reforms have now been formally endorsed by the Group of Governors and Heads of Supervision of the G20 countries. The aim is for the proposals to be agreed in November 2010 and to take effect from 1 January 2013 – albeit with long transitional periods. Under the reforms, banks will now need [...]
Fast & furious September 28, 2010 IT’S ALWAYS a little strange when you get the impression you’re driving a Ferrari when you’re really hitting 40mph in a small hatchback. Powering along the north Kent coast in the Fabia vRS, towards a particularly excellent gastro pub, the car shrieked and howled so loudly you’d think there was a V12 under the bonnet. [...]
CAR TALK September 28, 2010 FERRARI SLEEKEST YET This is Ferrari’s strictly limited edition (pre sold-out) SA Aperta – to be launched at the Paris Motor Show. Ferrari will build only 80 SA Apertas in homage to Italian design house Pininfarina, which is 80 this year. The V12-powered roadster sits lower to the ground than other Ferrari models and has [...]
Arsenal shine as lights fail in Belgrade September 28, 2010 PARTIZAN (1) vs ARSENAL (3) ARSENAL manager Arsene Wenger hailed his team after they overcame floodlight failure, a boisterous crowd and two penalties to plunder maximum points with a nervy Champions League triumph in Belgrade. A power cut plunged dressing rooms into darkness before kick-off and threatened to postpone the game, but play commenced with [...]
You’ve lost your aura, McIlroy tells Woods September 28, 2010 RYDER CUP newcomer Rory McIlroy last night fanned the flames ahead of this week’s contest by declaring that America’s Tiger Woods has lost his “aura”. United States captain Corey Pavin has warned McIlroy he risks goading the best out of world No1 Woods, who is without a top-three finish in what has been a traumatic [...]
Chelsea ease way back into winning habit September 28, 2010 CHELSEA (2) vs MARSEILLE (0) CHELSEA captain John Terry admitted his relief after helping the Blues bounce back from successive defeats to maintain their 100 per cent European record. It took Terry just seven minutes to ease any nerves around Stamford Bridge, the centre-back meeting Gael Kakuta’s corner with a faint toe-poke that crept in [...]
Harrington’s eagles cheer Montgomerie September 28, 2010 EUROPE captain Colin Montgomerie insists Padraig Harrington’s sparkling form in practice has already justified his contentious selection. Harrington hit three eagles yesterday at Celtic Manor as both teams began their final preparations for this week’s eagerly-anticipated contest. Such form represents a huge improvement on his indifferent performances this year, which meant he failed to qualify [...]
Sorry Saracens sweat on ERC decision September 28, 2010 SARACENS say they are yet to hear from Heineken Cup chiefs after captain Steve Borthwick controversially skipped the competition’s launch in order to join his team-mates at the Munich beer festival. The Premiership club yesterday issued a public apology, insisting the decision had been taken by management rather than Borthwick himself and reaffirming their “total [...]
England blow as Rooney is ruled out for three weeks September 28, 2010 VALENCIA vs MANCHESTER UTD ITV1, ko 7.45pm ENGLAND will be without striker Wayne Rooney against Montenegro next month after Manchester United manager Sir Alex Ferguson revealed he needs up to three weeks to recover from an ankle injury. Rooney’s setback is a blow to Ferguson ahead of tonight’s Group C trip to Valencia, with evergreen [...]
