Insights & Ideas
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10 April 2013
Shareholder activists have transformed themselves from ‘corporate raiders’ into “analytical and balanced advocates for shareholder value,” essentially creating a new asset class for investors.
15 October 2012
Demand for solvency opinions in Germany is growing as a result of recent reforms to the German corporate law known as the Law for the Modernisation of the German Limited Liability Company Law and the Prevention of Misuse (‘MoMiG’). Under the revised law, company directors are now held responsible for payments to shareholders that consequently resulted in the company’s insolvency.
27 September 2012
Balance Sheets Remain Risky Despite Sustained Profitability The latest edition of Houlihan Lokey’s European Goodwill Impairment Study 2012-2013 presents an interesting set of results. Aggregated data reveals that earnings before taxes and goodwill impairment charges at Europe’s 600 largest companies included in the STOXX Europe 600 Index in 2011 remained robust, rising slightly over 2010 levels, and were only 9% off pre-financial crisis levels in 2007.
21 August 2012
"At this point, the ultimate direction of the LIBOR manipulation-related litigation is unclear," said Dr. Cindy Ma, Managing Director and Head of Portfolio Valuation & Advisory Services at Houlihan Lokey. "However, it will become critical for the parties involved in these cases to be well-informed about the intricacies of the LIBOR-setting process and the complexities associated with estimating the potential economic impact."
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