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Rio Tinto Scraps Dynamic Discounting Amidst Backlash

Rio Tinto Scraps Dynamic Discounting Amidst Backlash

Rio Tinto scrapped its proposed dynamic discounting because of backlash from small- to medium- suppliers. The mining giant says the scheme will benefit its 10,000 suppliers by offering payments earlier than the customary 30 to 45-day period for discounts of up to 2.0%. Following the backlash, Rio Tinto is instead slashing …

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New Safe Harbour Rules and How They Affect Creditors’ Recovery From Insolvent Companies

New Safe Harbour Rules and How They Affect Creditors’ Recovery From Insolvent Companies

A company is like a ship, with the directors taking the helm and navigating through hopefully always placid waters. But journeys are not always smooth sailing, storms do happen, and, in some instances, directors must act quickly to prevent the ship from sinking. This is the essence of the “safe …

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