The following Restructuring & Insolvency news provides comprehensive and up to date legal information on A £3m gift, a diamond and a castle; the story of a successful section 423 claim (Thomas v Jones)
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
What is a statutory declaration of solvency, and what happens if a false declaration of solvency is madeCoronavirus (COVID-19)This content is affected...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Obtaining Official Copies from HM Land RegistryThis Practice Note provides guidance in obtaining official copies of the entries on the title of a...
Redundancy in insolvency—the basicsThis Practice Note provides an overview of redundancy in an insolvency context, and provides links to further detailed materials.For the purposes of entitlement to a redundancy payment, an employee is dismissed by reason of redundancy if the reason for dismissal
A claimant is pursuing a claim against their former employer in the Employment Tribunal for unfair dismissal and discrimination. What would happen to their claim and/or any settlement agreement reached if the employer becomes insolvent? If the employer does go into administration, what action can be
How a company's insolvency affects its employeesThe position of an employee on a company's insolvencyThe general rule is that a contract of employment is between the employer and the employee. This means that due to the personal nature of the contract, if either party changes, the contract in its
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
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