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COVID-19 Impact and Recovery Analysis |Customs Audit Market Procurement Intelligence Report Forecasts Spend Growth of over USD 0.68 Billion


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NEW YORK, May 11, 2021 /PRNewswire/ The Customs Audit Market is poised to experience spend growth of more than USD 2.24 billion at a CAGR of over 4.95%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on Customs Audit Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.
Customs Audit Market Sourcing and Procurement Report
SpendEdge s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our ....

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Taxman owed millions following Greensill collapse


Taxman owed millions following Greensill collapse
The taxman is owed millions of pounds following the collapse of scandal-hit finance firm Greensill Capital.
Documents from administrator Grant Thornton show that HM Revenue & Customs is among more than 200 creditors out of pocket since the company’s collapse in March. It is owed $8m (£5.7m), the Sunday Times reported.
In total Greensill owes more than $1.5bn, including roughly $500m to insurers such as Swiss Re and Chubb. 
Greensill, which lent money to companies by buying their invoices for cash, fell into administration after credit insurers withdrew cover.
The move was prompted by Greensill’s huge exposure to Sanjeev Gupta’s GFG Alliance, which in turn is now facing potential collapse and is scrambling to raise funds. ....

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Greensill winding-down bills could top £30m in a year, report shows


First published on Fri 7 May 2021 11.46 EDT
The bills for lawyers and administrators to wind down Greensill Capital’s UK business are expected to come in at more than £30m for their first year of work alone, new filings show.
Insolvency experts from Grant Thornton, which was appointed as administrator, have been charging £562 an hour, and racked up £2.9m in fees by mid-April. However, the administrators’ report suggests those charges could climb to £15m by March next year.
Administrators are prioritised for payouts ahead of unsecured creditors.
The Grant Thornton fees are on top of an estimated £12m-£16m in legal fees, potentially bringing total professional charges linked to Greensill’s UK collapse to nearly £31m for 12 months’ work. ....

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Prominent Competition Lawyer Peter Broadhurst Joins Crowell & Moring's London Office


Prominent Competition Lawyer Peter Broadhurst Joins Crowell & Moring s London Office
Firm continues to expand global competition group
News provided by
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LONDON, May 5, 2021 /PRNewswire/  Peter Broadhurst, a highly regarded competition lawyer, is joining Crowell & Moring s London office as a partner, expanding the firm s capability to advise clients on their most complex U.K. and EU competition matters.
(PRNewsfoto/Crowell & Moring LLP)
Broadhurst brings two decades of experience advising companies on competition issues, including merger clearance, cartel investigations, abuse of dominance (acting both for the abused and for the allegedly dominant), distribution arrangements, and developing effective compliance programs. He advises clients on matters in front of the European Commission, the U.K. Competition and Markets Authority (CMA), and the U.K. sectoral regulators, as well as managing processes in front of compe ....

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Crowell & Moring positions itself for post-Brexit work with UK competition hire


Crowell & Moring positions itself for post-Brexit work with UK competition hire
05 May 2021
Washington firm hires partner from leading UK independent Simmons & Simmons
Crowell & Moring has hired a partner from Simmons & Simmons, strengthening the US firm’s London antitrust and competition practice. 
Peter Broadhurst joins the firm after 13 years at Simmons & Simmons, bringing with him experience advising companies on competition issues, including merger clearance, cartel investigations, abuse of dominance, distribution arrangements and developing compliance programs. 
The move comes as Crowell & Moring looks to beef up its competition capabilities in London in the face of rising post-Brexit UK merger reviews and investigations.  ....

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