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Dispute Resolution analysis: The High Court stayed English proceedings challenging an enforcement and distressed disposal until related New York...
This week's edition of Restructuring & Insolvency weekly highlights includes: the publication by R3 of its Quarterly Business Health Report for the...
Companies House has announced that 23 company directors were disqualified for a combined total of 70 years following successful prosecutions for...
The Insolvency Service has announced an 18.5-month custodial sentence against Peter Etherington, after he pleaded guilty to acting as a director of PP...
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...
The effect of insolvency on guaranteesWhat is a guarantee?A guarantee is an agreement between one person/entity (the guarantor) and another person/entity (the creditor), whereby the guarantor agrees to answer for the liability of another party (the principal).For a guarantee to be valid, it must be
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
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
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