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...
Does a power of attorney given by a company survive administration or liquidation? Is it possible to draft the power of attorney to enable it to survive?Company granting power of attorneyWhether a company (or any other body corporate) can grant a power of attorney will depend on its constitution.
Office-holder indemnities and securityWhy indemnities and security are requiredWhen an insolvency practitioner takes office they have a duty of care to creditors to act bona fide in their best interests.Depending on the circumstances of the case, an office-holder may find themselves trading a
What are the grounds and procedure for removing a trustee in bankruptcy (trustee) from office? And if a trustee is removed from office, where do their fees and expenses stand in the order of priority?Removal of a trusteeThe trustee of a bankrupt's estate may be removed from office by an order of the
Block transfer orders—the law and practicePurposeThere are three circumstances which give rise to the need for a block transfer of office-holder appointments:•where an office-holder dies•upon the retirement of an office-holder from practice•where an office-holder is otherwise unable or unwilling to
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