Environmental permits and insolvency Some business operations which have an impact on the environment are likely to require an environmental permit from the Environment...
Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature. For news and guidance...
Administration is a procedure designed to give an entity breathing space, with a view to either a rescue or a restructure or to allow for a better outcome for all...
STOP PRESS: The Corporate Insolvency and Governance Act (CIGA 2020), when enacted, will abolish the moratorium procedure for small companies under IA 1986, sch A1 to make...
Compulsory liquidation is the process of winding up a company by the court. It is most frequently used by a company's creditors, but it is possible for others, such as...
A creditors' voluntary liquidation (CVL) is a voluntary process initially instigated by a board of directors and is an alternative to the company being wound up by the...
What is a members' voluntary liquidation? Voluntary liquidation or winding-up is a process in which the company, through the resolution of its members, decides to end the...
This Practice Note gives an overview of the types of receiverships available and some of the effects of appointing a receiver. For more detailed information, see the...
Under Environmental Permitting (England and Wales) Regulations 2016, the operator of any regulated facility must obtain and comply with the conditions of its...
'Caveat emptor', meaning 'let the buyer beware', is a common law principle meaning the seller is under no duty to disclose material facts to a prospective buyer and it...
This Practice Note covers the rights and responsibilities of a mortgagee in possession. Rights A legal mortgagee has a right to possession of the property. However, this...
What are the main laws and regulations governing this area? There are three main sources of environmental law that an insolvency practitioner (IP) should be aware of and...
In the UK, only a licensed insolvency practitioner (IP) can be appointed in relation to formal insolvency procedures for individuals and businesses, although note that an...
Background to the contaminated land regime (the regime) What is it? Contaminated land is any land which appears to the local authority in whose area it is situated to be...
Sources of environmental liability There are three main sources of potential personal liability under environmental law that IPs should be aware of. These are: •...