Whilst the practical implications of Brexit have some way to be resolved for Theresa May and her cabinet, it is fair to say that enough time has elapsed to assess...
Insolvency in the 1980’s and 1990’s was much simpler. Working in those days for a “Big 5” bank panel accountancy firm, you would receive a call from a Bank looking...
For as long as most of us can remember, law firms did not hit the insolvency headlines other than perhaps for acting for Administrators or Receivers on high profile cases. ...
WHAT IS THE PRESCRIBED PART IN AN INSOLVENCY? Background The corporate provisions of the Enterprise Act 2002 were brought into force on 15 September 2003. From that date the order...
GOVERNMENT LOANS TO FUND REDUNDANCIES Background Whilst throughout the recent recession there has been considerable publicity over the government’s Time to Pay schemes, few employers are aware of the assistance...
Members Voluntary Liquidation V Striking off We are often asked whether a solvent company that has ceased to trade should be wound up voluntarily by its members or an application...
COMPANY VOLUNTARY ARRANGEMENTS In simple terms, a CVA is a deal or compromise reached between a company which cannot pay its debts as they fall due and its creditors, typically...
INTEREST RATE SWOPS AND THE FSA REDRESS PROGRAMME WHERE ARE WE? The Background On 29 June 2012, the FSA published the findings of its review into the sale of interest...
FOOTBALL V HMRC THE PAST, PRESENT AND FUTURE Greg Mitchell QC, acting for HMRC, recently confirmed that his client had issued 25 winding up petitions against Football League Clubs in...
HMRC TIME TO PAY ARRANGEMENTS (“TTP”) At the onset of the recession HMRC announced in January 2009 that it was setting up The Business Support Service, whereby companies and subsidiaries...