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"ring fence" Definitions
  1. (finance) a form of protection that stops a sum of money from being spent on anything other than its intended purpose
  2. a form of protection that only allows particular people to use or know something, or only allows something to be used for a particular purpose

118 Sentences With "ring fence"

How to use ring fence in a sentence? Find typical usage patterns (collocations)/phrases/context for "ring fence" and check conjugation/comparative form for "ring fence". Mastering all the usages of "ring fence" from sentence examples published by news publications.

He must ring-fence his private interests and put them under independent supervision.
By next year they must put a "ring-fence" between retail and investment banking.
In the meantime, Fox can ring-fence Sky's news operation to protect its independence.
This would allow EDF to ring-fence the financial risks associated with nuclear energy from financial markets.
"In some circles in Europe there is a greater predisposition to ring-fence financial activities," he said.
It's a problem because overseas governments could ring-fence the banks in their jurisdictions in a pinch.
The agreement put a ring fence around Iran's nuclear program into the second quarter of this century.
Talks have dragged on since February 2016 as potential bidders try to identify and ring-fence Takata's liabilities.
Trump has flip-flopped on whether or how he plans to ring-fence his business from his presidency.
In addition, the group's decision to adopt a wider ring fence model will further restrict its ability to diversify.
U.S. legislators have already done much to legislatively ring-fence the president on NATO on the alliance's 70th anniversary.
It also underpins the requirement that banks ring-fence their British retail arms, which will cost HSBC $2 billion.
The day you have all your cyber-connections on a single system, will you be able to ring-fence it?
New rules that require Britain's banks to "ring fence" their retail arms with capital cushions come into force next year.
It intends to keep its main consumer businesses in Europe outside the ring-fence, as they are owned by separate subsidiaries.
Some parliamentarians have said the move is necessary to ring-fence capital in Indonesia, particularly if there is a financial crisis.
The office-space sharing company is establishing the committee in an effort to ring-fence its financing deliberations from SoftBank's influence.
Rumors are that the Chinese are looking to ban bitcoin again and ring-fence their fiat yuan from the crypto world.
This leads to a final concern about "closing the loop" of circularity: that it can ring-fence parts of economy from globalisation.
The remuneration and equity injections are paid into the venture account (VA) to ring-fence LTR revenue from MPK's other operating risks.
Vickers is the architect of a reform that will force lenders to "ring fence" their retail arms with more capital from 2019.
Often companies are taking a big one-time charge against earnings so that they can ring-fence what is left in Venezuela.
"Regulators globally are struggling to understand what ICOs are, what the risks are, and how to ring-fence and regulate them," he said.
Sources have said he is working to ring-fence its foreign operations from its home market to improve the group's cost of funding.
For example, GTUBs will start pre-placing internal TLAC in their international subsidiaries, while UK GTUBs will ring-fence their domestic retail operations.
At Royal Bank of Scotland debt capital market and syndicated lending for corporate customers and financial institutions will be outside the ring-fence.
Parent/subsidiary Linkage is applicable, but given the structural and contractual ring-fence structure of the group it does not impact the ratings.
The office-space sharing company is establishing the committee in an effort to ring-fence its financing deliberations from SoftBank's influence, the sources said.
But it also means engineers will no longer be able to clearly ring-fence the most sensitive parts of the system, U.S. officials say.
The House of Representatives has passed legislation that is engineered to "ring fence" Trump on NATO, and the Senate is preparing to do the same.
Because federal inland waterway projects are so encumbered when trying to raise and ring-fence revenue, P3s must instead survive on budget-based compensation structures.
The new law is meant to ring-fence court decisions from political pressure or bribery in Ukraine, where entrenched corruption remains a deterrent to foreign investors.
According to sources close to the matter, the bank is also reviewing its corporate structure and could ring-fence its foreign operations from its sluggish home market.
RBS will hold 'take and hold' positions on its balance sheet inside the ring-fence, while underwritten positions for distributing to the wider market will be outside.
The bank said it also means entities outside of the ring fence will not be able to participate in the same defined benefit schemes as those inside.
All deposit-taking banks with assets of 175 billion pounds ($257 billion) or more will be required to "ring-fence" themselves with an additional "systemic risk" capital buffer.
The main criticism of challenger banks is that customers will use them merely to ring-fence discretionary spending, with their salaries still going into a high-street bank.
This is one reason the British government has decided to "ring-fence" commercial banking from investment banking (a weaker form of the full break-up Mr Sanders wants).
That effort relied heavily on Merck's vaccine, which was given to contacts of Ebola patients, and contacts of contacts, to ring-fence the disease and stop it spreading.
"The purchase price will be affected by whether the buyer assumes that risk or they manage to ring-fence it or leave it with Scotia," the source added.
Some areas are off-limits to healthworkers due to the security risks, making it more difficult to ring-fence each Ebola case by vaccinating all the patient's contacts.
This time the WHO has moved rapidly to mobilize the response, convening an Emergency Committee and sending a vaccine to ring-fence the outbreak and stop it spreading further.
The European powers are trying to come up with a package to ring-fence trade with Iran against renewed U.S. financial sanctions to dissuade Tehran from quitting the accord.
Credit ratings agency Fitch has said that rules requiring big banks to "ring fence" their retail arms with capital have led to increased competition as lenders seek to boost revenues.
Leaders have tried to drive it down their list of priorities and ring-fence the negotiations in Barnier's task force: "But Brexit sits around like a bad penny," he said.
He was commenting on news reports, including one by Reuters, that UniCredit planned to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market.
Huawei is already barred from bidding for government contracts in the United States, while Australia and New Zealand have taken steps to ring-fence planned fifth-generation networks from Chinese vendors.
The BoE has been locked in a public argument with John Vickers, architect of a reform that will force Britain's banks to ring-fence their retail arms with extra capital from 2019.
Zelenskiy's predecessor, Petro Poroshenko, unveiled a special court to try corruption cases in April in a bid to root out entrenched corruption and ring-fence court decisions from political pressure or bribery.
This would give banks enough time to reflect Britain's departure from the European Union next year, and a requirements from the start of 2019 to "ring fence" their retail arms with extra capital.
The creation of Credit Suisse (Schweiz) AG is also part of Swiss efforts to safeguard the country's economy from another banking crisis by getting major banks to ring-fence parts of their business.
First, it is a slap in the face to G20-directed work on taxation that concluded it was impossible to "ring-fence" the digital economy and, thus, levy a digital services specific tax.
When it pays more than $400 million to its pension plan, Sears will unlock roughly 140 properties from a so-called ring fence agreement, which would allow for the sale of those stores.
"A delay would be common sense ... we are all building (the ring-fence) but we don't know what environment we're building it for," said a senior source at one of Britain's top five banks.
FRANKFURT (Reuters) - Banks should ring-fence any business they do with virtual currency (VC) such as Bitcoin and post "adequate" amounts of capital against it, a European Central Bank board member said on Monday.
It added that from 2019 its investment bank, NatWest Markets, and international business will no longer participate in its main pension scheme and will be transferred to the scheme outside of the ring fence.
The idea is that when political participants step outside the ring fence and violate some shared rule or norm, they are called on it by referees and must pay some penalty, reputational or otherwise.
Using the vaccine to ring-fence patients has almost certainly slowed the spread of the disease, WHO's Deputy Director-General for Emergency Preparedness and Response Peter Salama told a news conference at WHO headquarters in Geneva.
Banks with bigger cross-border lending activities now have to worry about which side of the ring-fence their non-UK retail banking businesses sit, but also whether they can maintain their non-UK businesses, sources said.
About 97 percent of operations at Lloyds, Britain's biggest retail bank, are supposed to sit within the ring-fence, while HSBC, which has much larger international and investment banking operations, will only have 30 to 40 percent.
We expect the group's legal structure to evolve over time, as the UK ring-fence and the US intermediate holding company are set up, and businesses are sold, which could lead to rating differentiation between legal entities.
SME loans (primarily loans to borrowers with turnover of less than GBP6.5 million) will also be transferred to BBUK plc and these are expected to be fairly granular as larger exposures will remain outside the ring-fence.
It also promised to ring-fence sensitive budgets like hospitals, schools and foreign aid, and committed to a "triple lock", increasing the state pension by the rate of inflation, earnings growth or 2.5% a year, whichever is greatest.
"Imagine trying to quarantine a large city in the USA for a month, similar to how the Chinese have shut down Wuhan, or the way the Italians are trying to ring-fence 10 towns near Milan," he added.
Despite several measures by the government and RBI to ring-fence weak financial institutions and relax funding lines for non-bank finance companies, banks and mutual funds are reluctant to lend to this sector, adding to the economic slowdown.
Given the regulatory ring-fence around AFB, the structural subordination of LHC3 creditors to AFB creditors and LHC3's reliance on dividend being up-streamed from AFB to service the notes, rating upside is limited in the medium term.
European signatories are scrambling to save the accord, which they see as crucial to forestalling an Iranian nuclear weapon, by seeking to ring-fence trade with Iran against new U.S. financial sanctions to dissuade Tehran from quitting the deal.
The law is meant to ring-fence court decisions from political pressure or bribery in Ukraine, where entrenched corruption remains a deterrent to foreign investors and knocks two percentage points off Ukraine's economic growth each year, according to the IMF.
At present, the Federal Reserve requires them to ring-fence capital on U.S. soil inside an "intermediate holding company", but the U.S. Treasury wants changes to encourage foreign banks to increase investment in U.S. markets and provide credit to the economy.
Sources have said he is working to ring-fence its foreign operations - which include units in Germany, Austria, eastern Europe, Turkey and Russia - from its home market by pooling them in a German holding to improve the group's cost of funding.
The UN agency has been working with the Ministry of Health and Médecins Sans Frontières to conduct the ring fence vaccinations across the affected areas -- where contacts of those infected, followed by contacts of those contacts, would all be vaccinated.
In unlocking about 140 stores from a so-called ring-fence agreement with the PBGC, the hope for Sears is the company will be able to secure enough cash from asset sales to repay its newest credit facility in time.
Election to Poland's top job has depended on maintaining coal's special national status and Prime Minister Beata Szydlo, a coal miner's daughter from Silesia, swept to office in October on a promise she would ring-fence the industry's 23.8036,000 jobs.
The company also announced that on Wednesday it secured a loan of $440 million to use toward a $6483 million payment into its pension plans, unleashing 140 of Sears' properties from a ring-fence agreement with the Pension Benefit Guaranty Corporation.
The assessments would be updated every two years, the first in 2020 reflecting any changes to structures due to Britain's withdrawal from the European Union, and a requirement from next year to "ring fence" or wrap retail arms with bespoke capital buffers.
"The ring-fence that Amazon has built around its Prime customer base has significantly benefited the company in a fiercely competitive Cyber Monday pricing environment with much more competitive prices from Walmart in particular seen across inventory during the day," Ives wrote.
Le Parisien said financial institutions including Société Générale, JP Morgan, UBS, Oddo and Natixis were working on several restructuring scenarios, with the most likely outcome the creation of a new holding company that would allow the group to ring-fence financial risks associated with nuclear energy.
BOLT-ON ACQUISITIONS Still, Roche intends to ring-fence research and development (R&D) and is sticking by a long-standing strategy of using only small to mid-sized bolt-on acquisitions to shore up its drugs pipeline, rather than buying in a big new medicine business.
BOLT-ON ACQUISITIONS Still, Roche intends to ring-fence research and development (R&D) and is sticking by a long-standing strategy of using only small to mid-sized bolt-on acquisitions to shore up its drugs pipeline, rather than buying in a big new medicine business.
Fitch previously applied a difference of one notch between operating and holding company IDRs as more than 0003% of RSA's earnings and capital were sourced from countries that are expected to ring-fence regulatory capital resources in a stressed scenario (even if a group solvency approach is applied locally).
It also means that double leverage and standalone liquidity management at Paragon will become more important, given the greater proportion of assets within the bank's regulatory ring-fence, and the potential in such a situation for counterparties of a parent company to be disadvantaged relative to those of a bank subsidiary.
However, as RSA has now completed its disposals and restructuring programme, the proportion of earnings and capital associated with "ring-fence" regulatory environments is less than 30% and we expect this to remain stable as RSA is focusing its strategy on the core markets - the UK and Ireland, Scandinavia and Canada.
The Bank of America Corporation lending commitment was a commitment to provide non- recourse loan facility to Bank of America if losses on ring fence assets exceeded $18 billion (agreement never finalized).
At the same time, the rate of PRT was reduced from 75% to 50%, but various reliefs from PRT for expenditure on exploration and appraisal were withdrawn. PRT is charged in addition to corporation tax, which is also payable by companies involved in oil exploration and production, although PRT is deductible in calculating profits for corporation tax purposes. Profits from oil extraction activities are subject to a corporation tax "ring fence", which means that profits from these activities cannot be reduced by any losses or other tax reliefs from other business activities (the corporation tax ring fence fences off the whole oil exploration trade, not individual fields like PRT). Profits within the corporation tax "ring fence" have been subject to a supplementary corporation tax charge of 10% in addition to the usual 30% rate since 17 April 2002.
In 2009, he called for a public sector pay cuts. In 2010, he called Tory plans to ring fence NHS and schools funding "insane". He left the role in 2010 and became chair of NHS regulatory Monitor.
The land was described as of excellent quality with arable, meadow, pasture, orchard and other land, and lying within a ring fence. At the time of sale the most recent proprietor was Robert Osborne. A redeemed land tax of £5 5s 0d was payable.
The entrance gate is right on the Hwasong River and on the road from Hwasong, west of Hwasong-up (Myonggan-up). The camp is not included in maps, but the entrance gate and the ring fence with watchtowers can be recognized on satellite images.
In the United Kingdom, ring fence profits arise from income and gains from oil extraction activities or oil rights in the UK and UK continental shelf, and are subject to a higher rate of corporation tax. This petroleum fiscal regime can be seen in other countries as well.
Included within R&R; was the creation of Equitas, the reinsurance vehicle designed to ring-fence the Lloyd's market from earlier liabilities. R&R; also paved the way for the introduction of corporate capital into Lloyd's."The Insurance Insider" Insider Quarterly; The Insurance Insider; Spring 2014. Retrieved: 24 March 2019, (archived).
'Parishes: Sulhamstead Abbots with Grazeley', A History of the County of Berkshire: Volume 3 ed. P H Ditchfield and William Page (London, 1923), pp. 306-311 Grazeley was a tithing in the parish of Sulhamstead Abbots containing of . In 1854, when the manorial estate of Grazeley was advertised for sale, it was inclosed in a ring fence and apparently included the whole tithing.
This protected Portland General Electric's assets, and its consumers, when Enron declared bankruptcy amid massive accounting scandals. There were examples of this in other US states as well. Arising from the 2008 financial crisis, the largest banks in the United Kingdom are required by the Financial Services (Banking Reform) Act, 2013 to ring-fence their retail operations in order to increase depositor protection.
It was later sold to the Steeles who bought the manor, the estate and the attached "mansion house", sometime after 1640. John Nichols records the grange as a holding of enclosed in a ring fence (Vol. IV, p. 853) During the English Civil War Mr Bradshaw was extremely hard hit by the loss of valuable horses taken by parliamentary troops from the local Warwickshire garrisons.
This decision caused considerable controversy in the Republic of Ireland. principally due to the loss of connectivity from businesses in the West of Ireland to a major international hub. Local representatives in the Shannon area have claimed that Minister Cullen ignored calls to ring-fence slots for Shannon airport. The airport access slots are held by Aer Lingus for historical reasons, as the national carrier for the Republic of Ireland.
Pearce, John The Wesleys in Cornwall. Truro: D. Bradford Barton, 1964 In 1881 the estate was ″about 1300 acres of land, pretty much in a ring- fence″. The house was rebuilt in 1888 incorporating some replications of 17th- century features and some original 17th-century ones (though not all in situ) in the exterior. Inside the 17th-century parlour with its fine ribbed plaster ceiling and the 17th-century open-well stair have been retained.
In 1937, the direct relationship that existed between the tax and government expenditure on public roads was cut, the proceeds being treated as general taxation. In the 2015 budget, the government announced that the revenue would once again be used directly to maintain the roads, for the first time since 1937. In the 2018 budget, the government announced a National Roads Fund which would ring-fence VED in England for the improvement of roads.
A key pillar of Blunkett's work as Education Secretary was the introduction of Sure Start, a government programme which provides services for pre-school children and their families. It works to bring together early education, childcare, health and family support. In 2011 the government effectively started the abolition of Sure Start by lifting the ring fence on earmarked funding and cutting back drastically on the funds available. Blunkett also led the massive expansion in higher education.
The Independent Commission on Banking, chaired by John Vickers, was established in June 2010 and produced its final report in September 2011. Its headline recommendation was that British banks should 'ring-fence' their retail banking divisions from their investment banking arms to safeguard against riskier banking activities, but it also made a number of other recommendations on bank capital requirements and competition in retail banking. The government announced the same day that it would introduce legislation into Parliament aimed at implementing the recommendations.
The company can trace its heritage back to the start of the steel industry in Sheffield in the early 19th century. The firms of Vickers, Cammell Laird, and Armstrong Whitworth were all nationalised to form British Steel in the 1960s. Sheffield Forgemasters was later acquired by Atchison Casting Corp.. Atchison went into administration in 2003 which left Sheffield Forgemasters in a predicament. Graham Honeyman managed to ring fence certain areas of the business and successfully carried out a management buy out to save the company.
There are plans to develop the dairy into a small housing development. Recent developments have consolidated rather than expanded the village. If you travel north west from Netherend you pass a Methodist church, then 'Birchwood Road', leading to a housing estate, the 'Ring Fence' a small lane with a number of cottages along it, the 'Rising Sun' one of the village's two public houses and the village allotments. Woolaston Common is about 1 mile from the main A48 road and north of the main village.
The separation of investment and retail banking aims to protect the "utility" aspects of day-to-day banking from being endangered by losses sustained by higher-risk investment activities ("casino banking"). This can take the form of a two-tier structure in which a company is banned from doing both activities, or enforcing a legal ring-fence between two divisions of a company. Banks have resisted this separation saying that it increases costs for consumers. Historically retail banks have used cash deposited by savers for investment activities.
The list is by no means complete: in 1846 alone there were 272 railways agreed by Act of Parliament, although not all of those were built, since it was the time of the Railway Mania. In addition lines might be extensions to existing ones, but floated as a separate company to separate the risk, and to ring-fence subscriptions, or promoted by a company which was mostly financed by an existing company. An example is the Dore and Chinley Railway which was floated as a company and then adopted and largely financed by the Midland.
8687 Companies that determine that they are subject to the tax have a statutory duty to notify Her Majesty's Revenue and Customs of that fact within three months after the end of the accounting period in question.FA2015, s. 92 The UK tax is set at 25% of taxable diverted profits (or 55% with respect to ring fence profits), and will raise about £350m annually by 2017–18, according to UK Treasury estimates. The Confederation of British Industry (CBI) described the effort to impose taxation on diverted profits as "a real concern for global business".
The commission made its recommendations to the UK government on 12 September 2011. Its headline recommendation was that British banks should 'ring-fence' their retail banking divisions from their investment banking arms to safeguard against riskier banking activities, but it also made a number of other recommendations on bank capital requirements and competition in retail banking. The government announced the same day that it would introduce legislation into Parliament aimed at implementing the recommendations. The text of the final report and recommendations is available from the UK National Archives.
Despite this, prior to his court case, former director Imran Ahmad had failed to ring-fence cash at the club ahead of his now £500,000 lawsuit. Nevertheless, concerns over the club's money issues lingered and led Dave King to suggest fans withhold season ticket money until they receive assurances from the board. This caused a war of words between King and the board with Wallace criticising the boycott call suggesting it could be damaging to the club however, a coalition of Rangers fans groups known as the Union of Fans, supported King's stance on withholding season ticket money.
The species is primarily taken in estuaries in New South Wales, and is also included under the general heading of 'school whiting' when taken from beaches. Research showed that the average commercial harvest from individual estuaries was around 1-2 tonnes per year, with an increase in most rivers during the 1970s and 80's. The species is commonly taken by a number of fishing methods, with the most common being seine nets. Ring, fence, fyke netting and beam trawling are also used occasionally, but more often associated with sampling the entire population for research purposes.
45; J. A. Mills, Continuity and Change: The town, people and administration of Nottingham between c. 1400 and c. 1600 (unpublished Ph.D. thesis, Nottingham, 2010 ) p. 65, map; Thomas Hawksley's 1845 map of the commons surrounding Nottingham: Nottm Local Studies Library, RR5/A20 An advertisement of 1772 in the Nottingham Journal announced: :To be sold to the highest bidder… A compact freehold estate called Mapperley situated in the parish of Basford, within one mile of Nottingham, consisting of two messuage houses, and 18 closes of rich meadow and pasture land adjoining thereto, and lying within a ring fence, containing and upwards.
Since then governments have tried to reduce the likelihood of future bailouts by separating investment banking and retail banking. The United States response came in the form of the Dodd-Frank Act of 2010, although full implementation of the Volcker Rule that restricts proprietary trading by retail banks has been postponed until at least 2017. In the United Kingdom the 2011 Vickers report of the Independent Commission on Banking has recommended the ring fencing of retail from investment banking by 2019. In the Eurozone the Liikanen report of 2012 recommended a similar ring-fence between the two activities.
In the mid 19th century, Clemenstone consisted of the whole of the parish of St. Andrew Minor, which was exempt from parochial rates; as well as other adjoining lands in the parishes of Wick and Llandow that lay within a ring fence. These comprised approximately 372 acres of arable and pasture land. The estate was in the centre of hunting country and was well stocked with game. It was situated on the south edge of the Glamorganshire mineral basin and in close proximity to the South Wales Railway, which had the advantage of a ready market for agricultural produce, as well as for a supply of good and cheap coal.
Zvue literally created the equivalent of a "hub and spoke" television network for the Web complete with up to 32 million unique monthly visitors. Zvue's revenue quickly pivoted from device derived sales into revenue generated by a large ad supported content portal focused on the Zvue player customer but open to all MPEG-4 players from multiple manufacturers. By lowering the ring-fence, and executing its acquisition strategy the site quickly grew and became of largest in the United States by virtue of 32,000,000 unique monthly visitors and in excess of 3 billion monthly page views. Storage Device The ZVUE Media player requires SD cards.
The wall was erected after the old Berlin Fortress was demolished in 1734; the walls of the latter had already started to crumble and its military function was questionable. Frederick William I of Prussia ordered the construction of stockades around the city which were completed in 1737 - the new ring fence incorporated the existing northern "palisade line" built in 1705. The location of this oldest stockade is recalled today by the street name "Linienstraße" (line street). Few parts of this original customs wall were stone-built. The original customs wall had 14 city gates which were mostly named after the city to which the ensuing road led.
This supplementary charge was increased to 20% in the Pre-Budget Report of December 2005, with effect from 1 January 2006, and was further increased in the 2011 budget to 32%, with effect from 23 March 2011. This means that the marginal tax rate on PRT paying fields is now 81% (fields not paying PRT pay a rate of 62%). PRT is administered by the Energy Group of the Large Business Service of HM Revenue and Customs (formerly the Oil Taxation Office of Inland Revenue). This group also administers the "ring fence" corporation tax and supplementary charge paid by companies on profits from oil and gas production, and previously administered the royalty charged on the gross value of oil and gas won.
There has been much controversy about the origin of the name of the town. The earliest form is Scepeshefde Regis as mentioned in the Domesday Book, which means "(King's) hill where sheep graze", but since then there have been many changes until the present form, Shepshed, was adopted in 1888. The addition of the suffix 'Regis' signifies that there was once a royal lodge in the area. Very little information about the settlement on the site of Shepshed appears before the Domesday Book but the name is certainly Anglo- Saxon: local history books claim that Shepshed has two of the oldest roads in the country, Ring Fence and Sullington Road, the latter being an ancient British track named after the goddess Solina.
However, for political reasons, the government reneged on the terms of the Agreement by failing to offer the ring-fence to the project developers during the power sector privatization of state-run companies in an attempt to end Nigeria's chronic power shortages. When Prof. Bart Nnaji resigned his position in 2012, the Economist magazine in its article titled "A Bright Spark is Extinguished" stated that Mr Nnaji's supporters say that opponents of privatisation belatedly and unfairly engineered his departure. “Nnaji was the best person for the job,” says an adviser at the presidential task-force on the reform of power. “But he was getting in the way of other interests.” A spokesman for Mr Nnaji said he had faced "totally wrongful accusations" and chose to resign honorably.
This is to realise the value of the company, and distribute the assets. Assets must always be distributed in the order of statutory priority: releasing the claims of fixed security interest holders, paying preferential creditors (the liquidator's expenses, employees and pensions, and the ring fenced fund for unsecured creditors),IA 1986 ss 176ZA (insolvency practitioner expenses), 175 (preferential creditors: employees and pensions) and 175A (ring fence fund) the floating charge holder, unsecured creditors, deferred debts, and finally shareholders.IA 1986 s 74(2)(f) In the performance of these basic tasks, the liquidator owes its duties to the company, not individual creditors or shareholders.Knowles v Scott [1891] 1 Ch 717, Romer J They can be liable for breach of duty by exercising powers for improper purposes (e.g.
In 1980, British Petroleum (known as BP after 2000) established a blue skies research initiative called the Venture Research Unit, headed by particle physicist Donald Braben. Braben controversially challenged peer review as the mechanism for establishing funding, emphasizing the selection of researchers whose proposals "could radically change the way we think about something important." In 2005, Mark Walport, director of the Wellcome Trust and former Professor of Medicine at Imperial College, London warned that excessive emphasis on agenda-driven research could jeopardise serendipitous advances in science: > The Government is right to recognise the importance of science and > technology, but I think it is a mistake to try to ring-fence funds. There is > a serious danger that we will spend money on projects that are less good.
As for actual losses incurred due to the sudden and unexpected nature of the problem, and the inability to quickly terminate the long-term contracts with the Americans, Smash as sole survivor couldn't hope to generate enough income on its own to meet these. In fact it didn't need to. The fortunate circumstance that the Power Comics were all published by Odhams Press Ltd, a subsidiary company with limited liability, meant that it was possible to ring-fence all debts on the Odhams publications within that one company, thus preventing any losses affecting the rest of the IPC Group (since IPC's other titles were all published by other IPC subsidiaries). Accordingly, with effect from 1 January 1969 Smash was transferred to IPC Magazines Ltd, a new IPC subsidiary formed during 1968, leaving Odhams with no continuing titles, and Smash started again from scratch.
In the UK, the Independent Commission on Banking's (ICB) proposal to "ring fence" retail and small business commercial banking from investment bankingICB 2011. seeks to isolate the "retail banking" functions of a banking firm within a separate corporation that would not be affected by the failure of the overall firm so long as the "ring fenced" retail bank itself remained solvent. Bank of England Governor Mervyn King expressed concern the European Commission could block implementation of the ICB proposal as a violation of Commission standards. Although Michel Barnier, European Union internal market Commissioner, proposed limits on capital requirements for banks that could have hindered the UK ring fencing proposal and indicated support for the French and German position against breaking up banking groups, in November 2011 he announced an "expert commission" would "study the mandatory separation of risky investment banking activities from traditional retail lenders.".
General Remarks The Clippesby Hall Estate lies mainly in a ring fence and is considered to be one of the most desirable Sporting Properties of its size in the County. There is a fair proportion of well placed covert with plenty of water, which forms an admirable Shelter and Rearing Ground for Pheasants; the uplands are very 'kind for partridges, whilst on, the marshes there is always a good stock of strong Hares. The Hall occupies a healthy situation on the crown of a gentle eminence, is screened on the North and East by well-grown timber, and commands pleasing views of wood and water. It has recently been put into a thorough state of structural and decorative repair by the present occupier, who has been at considerable expense and evinced great taste in making it one of the best-appointed residences in the district.

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