An ambassador, a minister or a consul accredited by a foreign government is exempt from local jurisdiction, and, even though a British subject, may claim privilege from bankruptcy law1. This privilege attaches to a bona fide member of the embassy even if he is a British subject, but not when his appointment has been obtained for the purpose of using the privilege to defeat creditors
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Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
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