Essay Scams Frauds Corporate World

It was nationalised by the Batavian Republic in 1796 but nevertheless closed down at the end of 1799.

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After a House of Lords judgment in Equitable Life Assurance Society v Hyman, the Society closed.

Though never technically insolvent, the UK government set up a compensation scheme for policyholders under the Equitable Life (Payments) Act 2010.

Skase absconded to the Spanish resort island of Majorca.

Spain refused extradition for 10 years during which time Skase became a citizen of Dominica.

It was later merged with Götabanken, which itself had to write off 37.3% of its creditors, and is now known as Nordea.

An employee in Singapore, Nick Leeson, traded futures, signed off on his own accounts and became increasingly indebted.

The London directors were subsequently disqualified, as being unfit to run a company in Re Barings plc (No 5).

In November 1998, Livent sought bankruptcy protection in the US and Canada, claiming a debt of 4 million.

It went public in 1865, but was badly affected by a general fall in stock prices.

The Bank of England refused to advance money, and it collapsed.

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