Navigating the responsibilities and liabilities of company directors during insolvency can be challenging. This topic provides critical insights and practical strategies to manage directors' duties, mitigate risks, and ensure compliance with legal obligations, enabling specialists to effectively support their clients through complex restructuring and insolvency scenarios.
The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for June 2026, confirming that the Insolvency...
The Insolvency Service has published a review of recent reforms to Debt Relief Orders (DROs), concluding that the changes have widened access to debt...
The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note: The Corporate Civil Enforcement Reforms...
The Insolvency Service has published management information on coronavirus (COVID-19) Bounce Back Loan (BBL) recoveries in Great Britain covering May...
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...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
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
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
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
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