The lack of protection, which could entangle them in lawsuits after depositions, has discouraged three accounting firms, Deloitte Touche Tohmatsu Jaiyos, Ernst & Young and KPMG Peat Marwick Suthee, from providing special managers.
32.
The lack of protection, which could entangle them in lawsuits after depositions, has discouraged three accounting firms, Deloitte Touche Tohmatsu Jaiyos, Ernst & AMP; Young and KPMG Peat Marwick Suthee, from providing special managers.
33.
Within 21 days, Merkur was to deposit with the company's special managers an opinion on a property on which a commitment to register a lien of up to 5 million shekels would be placed.
34.
Concerning the high pay, he said the special managers had not yet received a single baht for the task and would have their contracts terminated on Feb 18 after submitting their reports to the FRA.
35.
Somchai is one of the 16 special managers appointed to manage the assets of the 56 defunct finance firms following those from Sin Bualaung Plc who are scheduled to complete their job on Feb 19.
36.
In the short term some may be asked to support the special managers, while many well qualified and competent personnel will have the possibility of being hired by a " good " bank later on.
37.
A special manager, who is in charge of the asset evaluation of a collapsed finance company, said that the 56 finance companies went under because 70 per cent of their lending portfolios were described as property loans.
38.
With the completion of its initial mandate, Sinn Bualuang's two-and-a-half-month contract with the FRA will conclude on Feb 18, when the FRA will appoint new special managers to undertake the next phase of the asset sale and disposal process.
39.
Sin Bualuang's special managers Monday submitted reports on their valuation of the 56 companies to the FRA . It is expected that the information will not be announced until the FRA meets the companies'creditors between Feb 13 and Feb 15.
40.
The Financial Sector Restructuring Authority ( FRA ), basing its view on its special managers'estimation, told creditors at the convention that the 56 companies'assets worth Bt866 billion could fetch Bt592 billion at a maximum or Bt363 billion at a minimum from the liquidation.
