Environmental permits and insolvency Some business operations which have an impact on the environment are likely to require an environmental permit from the Environment...
Environmental liabilities can: • contribute to company insolvency and/or • affect the liabilities of directors, lenders and Insolvency Practitioners (IPs) involved with...
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...
Note: Since 25 April 2017, it has been mandatory to use electronic filing (e-filing) in all jurisdictions of the Rolls Building, which includes the Insolvency and...
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...
Rights A legal mortgagee has a right to possession of the property. However, this can be limited by contract or statute (eg Administration of Justice Act 1970, s 36). The...
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: •...