Saturday August 8, 2020

Foreign currency firm in bid to avoid insolvency

Baxter Financial Services, a Dublin foreign currency trading firm, is to seek bankruptcy protection from its creditors in a bid to save it from insolvency.

8th September, 2012

Baxter Financial Services, a Dublin foreign currency trading firm, is to seek bankruptcy protection from its creditors in a bid to save the business from insolvency.

On Tuesday, the IFSC-based firm will ask the High Court to appoint an examiner, claiming that it has a chance of survival if it can restructure its operations and secure fresh investment.

The company, which offers leveraged trades to professional investors, has been battling regulator issues in recent months....

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