Unlock a comprehensive glossary designed specifically for restructuring and insolvency professionals. This indispensable resource demystifies key terms and jargon, enabling you to navigate complex legal landscapes with precision and confidence. Perfect for seasoned practitioners and newcomers alike, ensure you're equipped with the exact language needed to excel in your practice. Dive in and enhance your legal vocabulary today.
This week's edition of Restructuring & Insolvency weekly highlights includes: the sanction of Waldorf Production UK Plc’s restructuring plan, an...
Restructuring & Insolvency analysis: The court, on appeal, clarified the approach to be taken in determining whether or not exceptional circumstances...
The Insolvency Service has reported that Suzanne Harley-Davies has been disqualified as a company director for four years after failing to exercise...
The LexisNexis Restructuring & Insolvency practical guidance team has published a new Practice Note: ‘Hunkemöller International BV—LME deal debrief...
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...
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
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
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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