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...This would be on top of £2.57bn of investor capital, which has already been repaid, according to Link Fund Solutions, the administrator of Woodford’s fund....
...Cleverly is one of the few Tory ministers who is both known as a competent administrator and someone Sunak can trust not to use his brief to make difficulty for him....
...But critics have warned that the deal has not been finalised and the offer is not as enticing as it might appear....
...Ministers had promised the company £100mn, but the funding was only to be drawn down as construction work hit a certain milestone, which has not yet been reached....
...Financial advisory firm Interpath has been lined up as the likely administrator for the insolvency, according to two people familiar with the matter. Interpath declined to comment....
...He was also known internally as a competent and liked administrator who helped ensure the Treasury was in a position to deal with other big economic shocks, including Brexit and the energy crisis....
...Harcus Parker said that Link Fund Solutions failed in its duties as authorised corporate director of the fund, responsible for day-to-day management, as assets under management grew....
...The FCA said Link’s liability related to “failings in managing the liquidity” of the fund as its administrator. Link has returned £2.54bn to investors from the sale of assets in the frozen fund....
...The City regulator said this week that evidence gathered during its ongoing investigation into the Woodford scandal was likely to demonstrate that Link had committed misconduct in its key role as the administrator...
...Two other law firms, Leigh Day and Harcus Parker, considered the case against Hargreaves Lansdown but decided to only pursue Link as a simpler way to try to recover money....
...Leigh Day and Harcus Parker have each filed claims against Link Fund Solutions, the administrator of Woodford’s flagship Equity Income Fund....
...These are ultimately political choices, but while overall numbers may have held up, university administrators fret that these are not like-for-like replacements....
...A government spokesperson said the special administrator was obliged to keep the costs of the process “as low as possible”....
...The second option would be for the government to act as a special administrator if necessary, Kwarteng said....
...Which leads to the other question mark that hangs over Johnson as an administrator, rather than a campaigner: does he have the mettle to force through the necessary but unpopular parts of this agenda?...
...As executor for his sole heir, their daughter Lisa Marie, she rescued the estate from the financially parlous position left by Elvis’s profligacy and Parker’s parasitic self-enrichment....
...While the Taliban has been setting up shadow governors and administrators to rule its conquered territory, the US has been struggling to repair a bungled evacuation plan for thousands of people trying to...
...Customers who have received interest payments from LCF or its administrators will be able to claim compensation less that amount....
...In some respects, Boris Johnson is a natural leader for such a party — a columnist and controversialist; an insurgent rather than an administrator.”...
...Additional reporting by George Parker...
...Mark Parker is hanging up his trainers, stepping aside as Nike’s chief executive following a 13-year tenure....
...As well as personally leading military campaigns, he was an energetic and capable administrator who signed more than 100,000 documents and was on top of the minute details of his empire....
...Administrators to the yard remain in talks with two potential buyers but declined to comment on Thursday....
...The High Court in Belfast appointed BDO as administrators of H&W, which has failed to attract a buyer since it was put on the market last year by Dolphin Drilling, a company controlled by the Olsen shipping...
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