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...
Latest news and views tagged Corporate Recovery
RSSAdministration (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...
