The Swedish Financial Supervisory Authority (Finansinspektionen) has on May 9th 2014 confirmed that CorpNordic Depositary Services AB fulfills all the requirements to be able to act as depositary under the Law on Alternative Investment Fund Managers in Sweden. CorpNordic Denmark was registered as a depositary by the Danish FSA in November 2013. CorpNordic Group offers […]
CorpNordic has, in its capacity as agent for the maximum 450,000,000 SEK 2011/2016 bonds (ISIN SE0004296671) issued by Bactiguard, initiated a procedure in writing upon request from Bactiguard. The purpose of the written procedure was to allow bondholders to vote on an amendment of the terms and conditions in relation to the definition of Change […]
The amount of money saved in individual savings accounts (ISAs) through investment funds during 2013/14 was almost double the amount saved the year before, according to research by the Investment Management Association (IMA). Net savings placed into ISAs via funds reached £2.3 billion in the 2013/14 tax year, over £1 billion more than in the […]
Two thirds of people aged between 20 and 45 who have got a mortgage since 2012 had financial help from their parents, research by Halifax has shown. The survey of over 9,000 people revealed that 60% of people in the same age group who currently rent expect financial help from their families to buy a […]
The average self-employed worker earns 40% less than the average employee, according to a study by independent think tank Resolution Foundation. The research reveals that the average weekly wage for self-employed people has fallen 20% since 2007, compared with a 6% fall for employees over the same period. Despite falling wages, self-employment has continued to […]
The UK economy’s growth prospects for the next three months are “exceptionally strong”, according to the Confederation of British Industry (CBI). According to the CBI’s latest data, output in April rose above March’s eight-month low and continues to be above average. The survey of 675 firms in the retail, services and manufacturing sectors reveals that: […]
The number of full-time jobs in the retail sector increased 1.8% in the first quarter of 2014, according to the British Retail Consortium (BRC). The growth was driven by a 1.3% increase in the number of food retail stores over the period. Growth in full-time jobs is now outpacing part-time job creation, again spurred by […]
The gap in yearly retirement income for men and women has widened to £6,700 in 2014, according to research from Prudential. The study reveals that the average annual retirement income for women in 2014 is £12,200. This is 35% lower than the average of £18,900 for men. The survey shows that the gap has widened […]
Scandinavian Air Ambulance Holding AB (publ) has requested that the holders of its senior unsecured notes with ISIN SE0005249679 approve a proposal for amendment of the terms and conditions of the notes to make an exemption from the noteholders right to redemption of the notes following a change of control in the issuer and a […]
The Swedish Government has presented a proposal regarding changes to the Companies Act with the aim to simplify for limited liability companies. The residency requirement for founders and liquidators will be abolished and the provisions for when the Swedish Companies Registry can grant exemptions from the residency requirements for directors of companies will be clarified. […]
1. Increase the reputation of your business Many countries enact or plan to enact laws protecting their economies from base erosion and profit shifting to tax havens. In this framework, The Netherlands can be seen as a sustainable solution to such changes. The Netherlands offer a beneficial tax regime, a conducive business environment and are […]
The unemployment rate fell by 77,000 to 2.24 million between December 2013 and February 2014, according to figures from the Office for National Statistics (ONS). The official unemployment rate now stands at 6.9 per cent, the lowest since February 2009. Key employment data: 30.39 million people were in work between December 2013 and February 2014 […]