For the purposes of the provisions of the Insolvency Act 1986 relating to the insolvency or bankruptcy of individuals1, the High Court and the County Court have jurisdiction throughout England and Wales2; and the County Court has, in addition to its ordinary jurisdiction, all the powers and jurisdiction of the High Court, and the orders of the court may be enforced accordingly in the prescribed manner3.
For the purposes of the provisions of the Insolvency Act 1986 relating to the insolvency or bankruptcy of individuals4
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
A certificate of title (also known as a certificate on title) is a particular species of report on title.When solicitors are instructed to investigate title to land (for instance, when land is being acquired or offered up as security), they will write a report on title for their client, which sets
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
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