This week we provide an insight into termination of funding arrangements as seen in Harcus Sinclair. Valid termination in that case meant that all the monies held in escrow were to be returned. In Parkin issue based costs orders are considered whilst setting out considerations practitioners may wish to consider in determining whether the court will make this form of costs order. For those involved in Judicial review a new consultation is looking at further reform of this area of law. We look at the proposals for reform. We continue to focus on providing a roundup of key news stories from the last week highlighting their practical implications as well as updating our Practice Notes to ensure you are kept up to date.
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The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
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
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
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
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