Credit Management December 2019

Credit Management magazine
FROM 11 YEARS AGO.
2008
IN December 2008 The White House and US Congress agree on
a proposal for a US$15 billion bailout package for three major US
carmakers which later fails in the Senate, the first democratic
election takes place on the Channel island of Sark, a British Crown
dependency, and one of the world’s largest collection of dinosaur
bones is uncovered in Zhucheng, China. The Indian Prime
Minister Manmohan Singh denies media reports of a possible
war with Pakistan following the Mumbai terrorist attacks
in November, and the Gävle goat, a large Swedish
yule goat, is torched by vandals for the 23rd
time since its construction in 1966.
FROM THE
2008
ARCHIVE
FROM RUSSIA WITH INSOLVENCY
Peter Walker examines the cases of an insolvent Russian and
Roman Abramovich, Owner of Chelsea Football Club, and the
powers of an English Court to wind up a foreign unregistered
company. He notes that such cases could become more frequent
during the recession.
LAUNCH OF THE MANAGING
CASHFLOW GUIDES
The Government and ICM collaborate to produce a series
of guides to help small businesses tackle the issue of late
payment and manage a positive cashflow. Originally launched
with 10 guides, they have more recently been updated with the
launch of the ‘Invoice finance and asset-based lending options’
and the ‘Managing cash through Brexit’ guides. To date there
have been nearly 600,000 downloads of the guides.
The Recognised Standard / www.cicm.com / December 2019 / PAGE 56