Business
International Network Launch
International Network Launch.
About this update from Btg Consulting Plc
[{"type":"text","content":"\n Begbies Traynor Group PLC\n29 September 2006\n\n\n\nRNS release\n\n\n29 September 2006\n\n\n Launch of Begbies Global Network\n\n\nBegbies Traynor Group plc (AIM: BEG), the UK's largest nationwide independent\ninsolvency, corporate rescue and recovery specialist, is increasing its overseas\nactivities.\n\n\nThe directors of Begbies Traynor see strong opportunities for boosting fee\nincome by marketing the Group's mergers and acquisition, corporate finance and\nrestructuring skills to global companies that need to consolidate their\noperations into more cost-efficient and less complicated corporate structures.\nBy way of example, the Group is carrying out a number of corporate restructuring\nprojects for multi-nationals, including one involving 42 operating companies\nspanning 21 jurisdictions around the world.\n\n\nAs part of its continued development of its overseas fee income stream, Begbies\nTraynor will be launching today the Begbies Global Network (BGN), a new\ninternational network of independent professionals working to assist declining\nbusinesses and their stakeholders around the world. The launch of BGN coincides\nwith the opening of the INSOL Europe conference in Bucharest, for which Begbies\nTraynor is the main sponsor.\n\n\nA unique feature of BGN is that it will be multi-disciplinary. Its member firms\ninclude insolvency accountants, lawyers and trustees, turnaround and\nrestructuring professionals, forensic accountants, asset tracing experts and\ncorporate financiers. Clients of BGN members will be able to access a\ncomprehensive world-wide 'one stop shop' for cost-effective, value adding, local\nmarket-based restructuring services.\n\n\nBGN is in the process of completing the recruitment of member firms in various\ncountries, including most of the states in the European Union, Africa (South\nAfrica, Kenya, Tanzania, and Zambia), the US, and Asia Pacific (Australia, Hong\nKong, Indonesia, India, Singapore, and Sri Lanka). It is seeking members who are\nacknowledged leaders and specialists in their market, rather than being\nnecessarily the largest firms. Membership will be by invitation only following\nappropriate due diligence.\n\n\nBGN's Executive Chairman Nick Hood, and Michael Ferber, the Executive Director,\nare in discussions with a number of key global and regional institutions, which\noperate in the fie...