In the dynamic field of restructuring, lawyers are tasked with guiding businesses through transformative processes to ensure financial stability and operational efficiency. This area demands a strategic approach to navigate corporate challenges, offering solutions that align with legal frameworks and business objectives.
Restructuring & Insolvency Analysis: Mr Aliotta’s bankruptcy did not bar the court from determining pre-existing claims under section 423 of the...
The Institute of Chartered Accountants of Scotland (ICAS) has reported on a Sheriff Appeal Court ruling in Collinge & Hamilton as Joint Liquidators of...
His Majesty, King Charles III, has approved the appointment of Lord Briggs of Westbourne as the next President of the UK Supreme Court. The...
The Insolvency Service has announced that the Exeter Crown Court has made a confiscation order of £63,790 against Murat Dogantekin following its...
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...
Effect of equitable, contractual and structural subordinationSenior creditors will ensure that in addition to having better security rights over junior creditors, juniors are also subordinated to them, ie the priority of claims against the debtor is changed so that junior creditors creditor agree
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
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
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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