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...
Sector
Insolvency Practitioners
The Corporate Recovery team has the benefit of strong relationships with a variety of insolvency practitioners, ranging from sole practitioners to the ‘big four’ accountancy firms, as well as with other relevant business and finance professionals. We also routinely review and enforce security and act for directors, advising on issues affecting them personally, including disqualification actions.
Key team contact
Mark Tempest 01923 215039
mark.tempest@mablaw.com
Latest news and views about Insolvency Practitioners
RSSAttempt to postpone trial at the last minute
On the last working day before a trial was due to commence, the defendant made an application for an interim order under s252 of the Insolvency Act 1986 to assist him in obtaining an Individual Voluntary...
Changes to Insolvency Legislation
Important changes to the conduct of insolvency proceedings come into force today, introduced by The Insolvency (Amendment) Rules 2010 and Legislative Reform (Insolvency) (Miscellaneous) Provisions Order...
Administration (COMI and form of appointment): In the matter of Kaupthing Capital Partners II Master LP INC (2010)
This new case (Ch D (Proudman J) 31.3.2010) concerns a limited partnership whose registered office is in Guernsey. The Court was asked to decide two issues: (1) the location of the partnership's centre...
Practical Update on Extending Period of Administration
Since the implementation of the Enterprise Act 2002 the administration of a company will only last for 12 months. The administrators can apply once to certain creditors of the company for a 6 month extension....
Administrators beware (but good news for landlords)
In Goldacre (Offices) Ltd v Nortel Networks UK Ltd (in administration) [2010] All ER (D) 54 (Jan), the respondent company held two long leases over properties of which the claimant was the landlord. During...
Court of Appeal clarifies that contracts dealing with termination in insolvency situations will usually be upheld – Butters v BBC Worldwide, Court of Appeal…
BBCW and W jointly owned a joint venture company, 2e. 2e had a wholly-owned subsidiary, V. BBCW granted V an exclusive licence to produce BBCW’s videos and DVDs. That licence would terminate automatically...
New draft insolvency rules
The Insolvency Service has published the draft Insolvency (Amendment) (No. 3) Rules 2009. These Rules will make significant changes to the Insolvency Rules 1986 and aim to modernise insolvency practice...
