The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit—implications for data protection
These FAQs were drafted by Allison Broad at the Institute of Chartered Accountants in England and Wales (ICAEW) with contributions from Caroline Sumner at R3 and staff at the ICAEW, Institute of Chartered Accounts Scotland (ICAS) and the Association of Chartered Certified Accountants (ACCA) to provide guidance jointly for members of the ICAEW, the Insolvency Practitioners Association (IPA), ICAS, the ACCA, Chartered Accountants Ireland and R3. Originally posted on 29 May 2018, these FAQs set out some key issues for insolvency practitioners (IPs) to consider when looking at their obligations under the General Data Protection Regulation (GDPR).
Since the FAQs were originally drafted, the ACCA has ceased to be a recognised professional body for IPs.
Post 25 May 2018 your appointment notices need to include a privacy notice. A privacy notice
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The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
Source of the doctrine of the separation of powersThe origins of the doctrine are often traced to John Locke’s Second Treatise of Government (1689), in which he identified the 'executive' and 'legislative' powers as needing to be separate.‘… it may be too great a temptation to human frailty, apt to
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