Navigate the complexities of global financial distress with expert insights and strategies for cross-border restructuring and insolvency. Enhance your practice with practical guidance on jurisdictional issues, international legal frameworks, and effective coordination of multi-jurisdictional cases. Stay ahead with the latest developments and tools to resolve intricate international financial challenges.
Restructuring & Insolvency analysis: Liberty Leasing Ltd (Liberty) successfully challenged, under rule 15.35 of the Insolvency (England and Wales)...
The Insolvency Service has announced that Garry Pettigrew, former director of Healthcare Environmental Services Limited, has been disqualified from...
Restructuring & Insolvency analysis: This judgment considers when a creditors’ voluntary liquidation may be converted into a compulsory liquidation,...
This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis of the High Court’s decision to set aside an order...
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...
The Gibbs ruleThe Gibbs rule provides that the discharge of a debt may only properly be determined by the governing law of the debt. Subject to the modifying effect of legal instruments in the area of cross-border insolvency, an English court may apply this common law rule to hold that a foreign
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
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
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
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