#crisis—social media and insolvency

#crisis—social media and insolvency

The growth of social media over recent years has affected all aspects of the business life cycle, including in the lead up and entering into of an insolvency process. Will Richmond-Coggan, a partner and solicitor-advocate at Pitmans LLP, takes a look here at how social media issues can arise if a business becomes insolvent, both from the perspective of the business itself and its management, and from that of an insolvency practitioner who is appointed as office-holder of the business, and suggests practical steps that can and should be taken.

This article first appeared on LexisPSL IP&IT (subscribers only) and the WIPIT blog.

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About the author:

Stephen qualified as a solicitor in 2005 and joined the Restructuring and Insolvency team at Lexis®PSL in September 2014 from Shoosmiths LLP, where he was a senior associate in the restructuring and insolvency team.

Primarily focused on contentious and advisory corporate and personal insolvency work, Stephen’s experience includes acting for office-holders on a wide range of issues, including appointments, investigations and the recovery and realisation of assets (including antecedent transaction claims), and for creditors in respect of the impact on them of the insolvency of debtors and counterparties.