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The next 12 months will be "challenging" for UK retail businesses, as the effects of the UK's decision to leave the EU filter through to the wider economy, an expert has said. 24 May 2017
Higher-ranked creditors' entitlement to statutory interest on what is owed to them out-ranks the rights of subordinated creditors, and should be paid in full before those debts can be settled, the UK's highest court has ruled. 18 May 2017
There are a number remedies available in Scotland to a creditor for the recovery of debts.
This guide was last updated in May 2017.
The Third Parties (Rights against Insurers) Act 2010 makes it easier for a third party to pursue a claim directly against liability insurers if the insured is or becomes insolvent.
LEGAL UPDATE: The High Court refused to make an administration order despite the insolvency of the company and the purpose of an administration having been established. The court ruled that it would be more appropriate to wind up the company in order that... 18 May 2017
LEGAL UPDATE: The High Court has upheld an administrators' appointment even though the board meeting resolving to appoint the administrators was inquorate. The court ruled that the quorum provisions in the company's articles of association had been informally... 27 Apr 2017
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Pinsent Masons' Restructuring team helps a wide range of clients who are working with businesses in financial difficulty to rescue those businesses, improve recoveries and save jobs. We do this by working with all parties to identify opportunities and risks and to deliver innovative strategies to achieve our clients’ goals. Our clients trust us to work on many of the UK's most high profile restructuring assignments. We also draw upon a wealth of expertise and market contacts which we use to introduce new business opportunities to clients.
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