Pmf Legal International Insolvency Bankruptcy News September 2013

There are some amazing stories. Did you hear the one about the Russian who wrote the terms for his own credit card and got away with it? An inspiration for us all.

The Madoff story is at last adding that essential element to any good story waiting for a major motion picture — SEX. Madoff in a love tryst with one of his former employees.

It seems the Anglo Irish Bank didn’t redeem its reputation by owning a dazzling collection of works of art. The bail out of the Bank cost €25 billion, the art collection is valued at only €150,000 — a bit of a shortfall!

Phil Falcone’s hedge fund sues TV Mogul and his Dish Network for billion — trying to get control of Dish?

Now women can buy that mega expensive designer handbag — and use it as collateral for loans — that’s what I call a wise investment!

Nicole Farhi fashion chain collapse leaves leading model agencies poor (well poorer anyway). Thinking Stella Tennant, Agyness Deyn.

Who is Bruno Iksil — what is the London Whale — and how did JP Morgan Chase lose USD.2 billion?

Ecotality, another electric vehicle business looks like it is heading for bankruptcy. These days it will have to pull a ticket and have a long wait while the many other electric car related businesses around the world are processed. It ain’t easy being green.

Sub-prime mortgages are making a come-back. Are we getting set for a reply of the GFC — a good way to celebrate the 5th anniversary of the Lehman collapse.

Paul Fordyce
Pmf Legal Limited
Suite 1101, 84 Pitt Street,
SYDNEY. NSW. 20000
Ph:02 9221 9888
Mob: 0417 067 058
pfordyce@pmflegal.com