Navigating the complexities of insolvency trading issues requires both tactical expertise and a thorough understanding of regulatory obligations. This resource offers essential insights into director duties, wrongful trading provisions, and the risks of personal liability. Equip yourself with practical guidance to mitigate the consequences of trading whilst insolvent and safeguard your clients’ interests.
Restructuring & Insolvency analysis: The Supreme Court held that a final and conclusive foreign money judgment gives rise at common law to an...
Restructuring & Insolvency analysis: The Insolvency and Companies Court suspended Mr Golding’s discharge from bankruptcy indefinitely until the...
The UK Supreme Court (UKSC) has announced amendments to its Practice Directions. The amendments include clarification of restrictions on appeals from...
The Insolvency Service has updated its enforcement outcomes management information for August 2026. The data shows that there were 69 director...
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...
What is considered onerous property or contracts?DisclaimerUnder sections 178 and 315 of the Insolvency Act 1986 (IA 1986), a liquidator or a trustee in bankruptcy (trustee) has the power to disclaim property belong to the company or bankrupt which they consider to be onerous. This Practice Note
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
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
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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