Gain an in-depth understanding of the intersection between pension schemes and insolvency scenarios. This guide offers practical insights on navigating the intricate landscape of pension protection, employer responsibilities, and the Pension Protection Fund's role during insolvency proceedings. Essential for practitioners handling restructuring where pension obligations are a significant concern.
Dispute Resolution analysis: The High Court stayed English proceedings challenging an enforcement and distressed disposal until related New York...
This week's edition of Restructuring & Insolvency weekly highlights includes: the publication by R3 of its Quarterly Business Health Report for the...
Companies House has announced that 23 company directors were disqualified for a combined total of 70 years following successful prosecutions for...
The Insolvency Service has announced an 18.5-month custodial sentence against Peter Etherington, after he pleaded guilty to acting as a director of PP...
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...
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
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin termDefinitionMeaningActa iure imperiiLegal
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