The following Restructuring & Insolvency news provides comprehensive and up to date legal information on Restructuring Plan sanctioned for OutsideClinic Ltd (Re Outsideclinic Ltd)
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...
Limitation periods applicable to insolvency claimsLimitation periods refer to the time during which a claim may be brought.The law on limitation periods is set out in the Limitation Act 1980 (LA 1980) which makes provisions in respect of different causes of action.In an insolvency context, claims
Avoiding invalid floating charges under section 245 of the Insolvency Act 1986Conditions to avoid floating chargesUnder section 245 of the Insolvency Act 1986 (IA 1986), floating charges are invalid if certain conditions are satisfied.By way of summary, a floating charge will be avoided if:•the
Restructuring & Insolvency analysis: The Privy Council held that a just and equitable winding-up petition by a minority shareholder in a Cayman Islands company, alleging a loss of trust and confidence in the majority shareholder and the management of the company's affairs, and an irretrievable
Wrongful trading claims under sections 214 and 246ZB of the Insolvency Act 1986What is wrongful trading?Wrongful trading is a claim which arises under sections 214 (liquidation) and 246ZB (administration) of the Insolvency Act 1986 (IA 1986).The essence of a wrongful trading claim is that:•the
0330 161 1234