Business support & insolvency

A bird in hand – when to assign an insolvency claim

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When a business hits the skids and is placed into administration or liquidation, an insolvency practitioner ("IP") is duty bound to preserve the tangible assets of the company and protect the interests of creditors. However, the IP should also be careful to consider whether there are any less tangible assets to be investigated and realised. More …

HMRC to be preferential creditor in corporate insolvency

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The 2018 Autumn Budget introduced a multitude of changes in respect of HMRC, from amendments to the "personal company" tests for Entrepreneurs' Relief to the extension of Stamp Duty Land Tax first time buyer's relief. We look at one change that has flown under the radar. More …

Trouble on the High Street

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Throughout 2018, we have seen a number of high profile insolvencies on the high street affecting a variety of different companies across the retail sector. We take a look at the restructuring and insolvencies that have taken place. More …

Landlords secure victory in the latest insolvency battle

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Wright & Rowley as joint liquidators of SHB Realisations Ltd.(formerly BHS Ltd.) (in liquidation) vs. The Prudential Assurance Company Ltd. 2018 EWHC 402 (Ch) More …

Director's Remuneration as Misfeasance?

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Top 50 UK law firm Blake Morgan blogs about a case whereby The High Court has recently handed down judgment that required it to consider whether directors of a company, who did not have an employment contract, service contract, or any form of recognition of status as employee of the company, were entitled to remuneration or to withdraw monies from the company. More …

The Pre-Action Protocol for debt claims

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Businesses must now do more to provide information to individual debtors and attempt to settle before taking them to court. More …