18 October 2011 | Karen Jacobs
This case considered whether to decline to make an interim charging order final if the effect would be to give one creditor priority in enforcing its judgment against other defendants.
Unusually there...
Tags on this discussion: charging order charging orders discretion enforcement Judgment creditor Judgment debtor parri passu
22 March 2011 | Carolyn Jones
Those familiar with the routine of filing NOIs and subsequent Notices of Appointment may be in for a big surprise next time they go to Court. The current Court practice (a very recent development) is...
Tags on this discussion: administration Administrators notice of intention
4 February 2011 | Mark Tempest
Insolvency statistics in the fourth quarter of 2010 were published today by the Insolvency Service.
Corporate insolvencies across the board were down on the same period last year: compulsory liquidations...
Tags on this discussion: administration bankruptcy corporate debt relief order Insolvency Insolvency Practitioner liquidation recovery voluntary arrangement
19 January 2011 | Mark Archer
A recent High Court decision has yet again highlighted the need for parties to draft personal guarantees accurately and in a form that is entirely appropriate for the underlying transaction. A guarantee...
Tags on this discussion: banking commercial agreement contract contract law corporate
23 November 2010 | Shimon Shaw
A recent VAT decision of the Upper Tribunal will be of interest to companies in financial difficulty and their advisers.
HMRC v Airtours Holiday Transport Ltd [2010] UKUT 404 (TCC)
A large holiday...
Tags on this discussion: HMRC Insolvency redrow tax Taxation VAT
31 August 2010 | Steven Mills
His Honour Judge Waksman has delivered another judgment in favour of lenders. The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards. The central...
Tags on this discussion: APR banking banks consumer credit consumer credit act consumer laws consumer protection contractual term interest interest rate
2 August 2010 | Laura Seaman
The Office of Fair Trading (OFT) has published a report recommending far-reaching reforms of the corporate insolvency regulatory regime.
In the report, the OFT said that landlords, as unsecured creditors,...
Tags on this discussion: creditors Insolvency Landlords Office of Fair Trading OFT
14 May 2010 | Christina Fitzgerald
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...
Tags on this discussion: bankruptcy debt relief orders Insolvency IVA liquidation
14 May 2010 | Christina Fitzgerald
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...
Tags on this discussion: Insolvency Insurance reinsurance Solvency II
6 April 2010 | Mark Tempest
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...
Tags on this discussion: administration bankruptcy Corporate Recovery Insolvency Insolvency Act insolvency rules liquidation receivers and managers voluntary arrangement