What is a misfeasance claim under section 212 of the Insolvency Act 1986?Claims commenced under section 212 of the Insolvency Act 1986 (IA 1986) are...
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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...
IntroductionThis Practice Note will give a basic overview of the applicable tests for cashflow and balance sheet insolvency under section 123 of the...
Senior creditors will ensure that in addition to having higher security rights over junior creditors, juniors are also subordinated to them.Generally...
STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose...
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the...
Administrative restoration of a limited liability partnership to the registerWhy restore an LLP to the register?When a limited liability partnership...
Restoration of a limited liability partnership to the register by court orderWhy restore an LLP to the register?When a limited liability partnership...
Ending a limited partnership—dissolution by the courtA limited partnership can be brought to an end by its:•dissolution, or•insolvency (see Practice...
Restructuring plan in respect of a Limited Liability PartnershipThe restructuring plan under CA 2006, Part 26AThe Corporate Insolvency and Governance...
The winding up of a partnershipThe Insolvent Partnerships Order 1994 (IPO 1994), SI 1994/2421 provides five routes by which a partnership may be wound...
In addition to the better-known company voluntary arrangements (CVAs) and individual voluntary arrangements (IVAs), the insolvency legislation permits...
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