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...
Under rule 22.4 of the Insolvency (England and Wales) Rules 2016, is it possible for a director of companies 1 and 2 to give notice that they intend to act (via company 2) in a way that would otherwise contravene section 216 of the Insolvency Act 1986. At the time of giving notice, company 1 will
Licence to occupy property—letter formatTo be typed on [Name of company in administration] Headed paper To:[Insert name(s) and address and company number (if relevant) of entity who you are granting the licence to occupy to] (the ‘Licensee’)Date [insert date]Dear [insert name of purchaser]Licence to
Is entry into insolvency an event of frustration for a contract?For the purposes of this Q&A we have assumed that the contract does not expressly provide for termination on an insolvency event.A contract may be frustrated if an unforeseen event occurs after the contract is formed and:•as a
What is a pre-pack administration sale?A pre-pack administration sale—some basic principlesA pre-pack is a sale of a company's business or assets, or both, which has been arranged in advance of a company entering administration. Once an administrator is appointed over the company they will quickly
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