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Bankruptcy Brothel?

Is Britain at risk of becoming the 'bankruptcy brothel' of Europe? The Βι¶ΉΤΌΕΔ's Jon Bithrey reports on the pre-packaged administration laws which have attracted foreign companies to Britain.

Recession has brought a rising toll of failing companies, with all the misery that entails for workers, owners and creditors. Reaching a fair agreement, enabling the company to survive and retain some jobs, is always difficult.

But globalisation and cross border operations make it even harder. There has been mounting controversy about whether some companies switch their headquarters from country to country just before they fail, only to rise again, phoenix-like.

The main focus of the criticism is Britain. Some argue there is a risk that the UK will become the 'insolvency brothel' of Europe. The Βι¶ΉΤΌΕΔ's Jon Bithrey reports on the British bankruptcy laws which attract foreign interest.

Plus author Tony Buzan explains his concept of Mind-Maps, designed to help people think clearly.

And our Washington-based commentator James Srodes wonders whether companies can ever become too big.

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18 minutes

Last on

Mon 1 Mar 2010 02:40GMT

Broadcasts

  • Fri 26 Feb 2010 08:32GMT
  • Fri 26 Feb 2010 19:40GMT
  • Mon 1 Mar 2010 02:40GMT

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