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UK Attracts Europeans for Bankruptcy
Recent press reports have highlighted a growing number of EU Nationals moving to the UK to utilise the relatively benevolent bankruptcy laws.
Under UK bankruptcy...
Insolvency of law firms – A reality check for LLP Members
As a Solicitor Insolvency Practitioner with a specialism in distressed law firms, I am urging both Equity Partners ("EPs") and Fixed Share Partners ("FSPs") to re-evaluate their potential exposure in the...
Third Parties (Rights Against Insurers) Act 2010
On 25 March 2010, the Third Parties (Rights Against Insurers) Act 2010 (“the Act”) received royal assent and became law in England and Wales.
The purpose of the Act was to introduce reforms to...
Personal insolvencies hit new high… but corporate liquidations fall
According to new Insolvency Service figures, the number of people in England and Wales becoming insolvent rose to a new high in the first three months of 2010.
A total of 35,682 people became insolvent...
EU Solvency II rules delayed
The EU commissioner for financial services has announced that the introduction of the Solvency II framework will be delayed by two months.
Solvency II, which is the new solvency regime for all EU insurers...