Introduction The purpose of this guide is to explain the role of the independent supervising solicitor and the key aspects to look at when choosing the right person for the job. I am going to give you some free top tips based on my 25 odd years’ experience, what you need to look out for, […]
Introduction Crypto assets are currently a hot topic in the insolvency world and one with which IPs are engaging across the globe. There are increasing numbers of cases worldwide where either a crypto business has failed, crypto assets form part of an insolvent Estate or assets in an Estate are converted into crypto assets with
Crypto Assets in Cross Border Insolvency (A Perspective from England & Wales) Read More »
Many employers believe that it is safe to dismiss an employee with less than two years’ continuous service on the basis that they do not have ordinary unfair dismissal rights. It is certainly true that the general rule is that an employee requires two years’ continuous service to bring a claim of ordinary unfair dismissal
Is it safe to dismiss an employee with less than two years’ continuous service? Read More »
Introduced by the government in April 2020, the Bounce Back Loan Scheme (BBLS) provided rapid access to finance for small businesses affected by the coronavirus pandemic. Through the scheme, SMEs could borrow between £2,000 and 25% of their turnover, up to a maximum of £50,000. While businesses took advantage of the BBLS, it wasn’t without
HMRC Bounce Back Loan Investigation Read More »
Litigation is very much a team effort between solicitor, client, Counsel, and experts if relevant. In simple terms, a CFA is an agreement between lawyer and client to share the risk by combining the outcome of the case with the fees payable to the lawyer. There are several ways that a CFA can be formulated.
Conditional Fee Agreenment (CFA) Read More »
On 15 December 2021, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 received Royal Assent and serves as an interesting development within the director disqualification legal regime. You may have read our previous update on this in May 2021 Director Disqualification Update after the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill had its first
Director Disqualification Update – January 2022: New Year, New Laws Read More »
The Bounce Back Loan Scheme was introduced to provide financial aid to small and medium-sized businesses affected by the coronavirus pandemic. The scheme enabled small and medium-sized businesses to borrow up to £50,000 with no fees or interest payable for the first 12 months. After 12 months, an interest rate of 2.5% per year becomes
Director Disqualification and Coronavirus Bounce Back Loans Read More »
Background As a result of the coronavirus pandemic, the Corporate Insolvency and Governance Act 2020 (“CIGA”) received Royal Assent on 25 June 2020. CIGA made a number of substantial changes to existing insolvency legislation. Some of the significant changes (discussed in further detail below) were in relation to the presentation of winding up petitions and
30 September 2021 – a Key Date for Insolvency Professionals Read More »
As of yesterday, Thursday 24 September 2020, the Government has brought into force an extension to the operation of a number, but not all, of the restrictions and measures found within the Corporate Insolvency and Governance Act 2020 (“CIGA”). This has been done via Regulation 2 of The Corporate Insolvency and Governance Act 2020 (Coronavirus)
Extension of Restrictions under Corporate Insolvency and Governance Act 2020 Read More »
On 30 July 2020, the UK Insolvency Service published its quarterly insolvency statistics. Of note are the following: Overall numbers of company insolvencies fell by 23% when compared with the previous quarter, and by 33% when compared with the same quarter in 2019. The three industries that experienced the highest number of insolvencies in this
Quarterly Insolvency Updates Read More »
