Navigate the complexities of financial institutions with our expert guidance tailored for restructuring and insolvency. Delve into the specialised regulatory frameworks, creditor negotiations, and strategic considerations essential for ensuring effective resolutions and compliance. Equip yourself with the latest insights and tools to adeptly manage distressed financial entities and safeguard stakeholder interests.
Companies House has updated its guidance on the identity verification standard for Authorised Corporate Service Providers (ACSPs). The changes add...
The Ministry of Justice has announced updates to court and tribunal fees from 13 July 2026.The changes are implemented by the Court and Tribunal Fees...
As a result of changes introduced by the Insolvency (England and Wales) (Amendment) Rules 2026 (the Amendment Rules), SI 2026/561, which come into...
The Insolvency Service has published issue 171 of its Dear IP newsletter. The special edition announces amendments to the declaration completed by...
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
Basic introduction to super senior, senior, mezzanine and junior debtThe range of funding options open to companies has exploded, resulting in a vast...
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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