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Scottish court ruling on leases held by dissolved tenant companies gives certainty to landlords, says expert

The general rule that a dissolved company that is later restated to the Companies Register "continues in existence as if it had not been dissolved" does not prevent a landlord from terminating a lease held by that company, a Scottish court has ruled. 01 Sep 2014

Lehman Brothers UK employees to receive "full retirement benefits" following £184m pensions settlement

Former UK employees of Lehman Brothers, the US investment bank which collapsed in 2008, are expected to receive "full retirement benefits" after companies in the same group agreed to a settlement worth an estimated £184 million, the Pensions Regulator has... 20 Aug 2014

Out-Law Guides

  • Insolvency procedures

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . The following is a brief summary of insolvency...

  • Financial difficulty and insolvency: Other considerations

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on  Financial difficulty and insolvency . Other guides in this series address minimising the...

  • Wrongful trading FAQ

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . Resigning will not, by itself, remove liability. In...

  • Personal liabilities for financial difficulties and insolvency

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . In cases of insolvent liquidation, a director or shad...

  • Financial difficulty and insolvency: An introduction

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . This guide looks at the legal position of directors...

UK government consults on increasing minimum debt before creditors can trigger bankruptcy proceedings

Creditors would not be able to force bankruptcy proceedings against individuals in England and Wales until more money was owed under plans put forward for consultation by the Insolvency Service. 07 Aug 2014

UK corporate profit warnings at a three-year high as strong pound puts pressure on earnings

Increased competition, pricing pressures and the strong performance of sterling are putting pressure on UK businesses despite the wider economic recovery, according to a new report by consultancy Ernst and Young (EY). 29 Jul 2014

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