This note aims to: • provide practical guidance to creditors owed money by a distressed/insolvent company • explain the position of creditors in most types of corporate...
General duty of liquidators and administrators where there has been an unlawful transaction If, during the course of a liquidator's or administrator's investigations into...
Correct jurisdiction and parties The Court's jurisdiction CDDA 1986, s 17(1) states: 'Where a person is subject to a disqualification order made by a...
THIS PRACTICE NOTE APPLIES TO MULTI-EMPLOYER DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Apportionment arrangements provide exiting employers of underfunded defined...
The Insolvency Act 1986 (IA 1986) and Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) give insolvency office-holders in certain situations the power to...
On 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the European Union (EU), also known as 'Brexit'....
The United Kingdom has voted to leave the European Union. Brexit can occur either in accordance with a ratified withdrawal agreement between the UK and the EU or...
Buying the business and/or assets of a company from an insolvency practitioner (insolvent sale) is quite different from buying the business and/or assets of a company...
The charities sector in the UK is significant in size. There is a wide range of pension provision across the sector. Many charities are facing financial pressures as a...
In the initial stages of distress, the lending group or creditors' committee may request that an independent chief restructuring officer (CRO) is appointed within the...
In any insolvency situation, there are a number of parties are involved that require legal advice and, in certain circumstances, parties with common interests may choose...
This Practice Note considers the Consumer Rights Act 2015 (CRA 2015) as it relates to goods, and sets out the consumer’s statutory rights under the CRA 2015 in respect of...
FORTHCOMING DEVELOPMENT: On 11 February 2019 the DWP published its response to the consultation ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’...
ARCHIVED: This archived Practice Note provides information on the data protection regime before 25 May 2018 and reflects the position under the Data Protection Act 1998...
The General Data Protection Regulation, Regulation (EU) 2016/679 (the GDPR) contains a set of core data protection principles that controllers must comply with. These are...
Although suppliers are generally unsecured creditors (unless they establish a valid retention of title (ROT) claim) they may be key to a successful turnaround or pre-pack...
