Navigate the complexities of Scottish restructuring and insolvency with our expert guidance. Our resources offer practitioners detailed insights into local legislation, case law, and procedural nuances, ensuring you stay ahead in an ever-evolving landscape.
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...
Scotland: dealing with the debtor's home in sequestrationIn the majority of sequestrations where the debtor has assets, these will include the debtor's home (see Practice Note: Scotland: the process for applying for sequestration). In many cases, this will be the only asset which the debtor owns,
Scotland—the Debt Arrangement SchemeSTOP PRESS: Temporary measures set to be implemented by the end of 2023 include a six-month payment break variation, expanded eligibility criteria and the DAS Administrator will prevent the revocation of Debt Payment Programmes for those failing to maintain
Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
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