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UK government proposals to make directors liable for tax debts when a company becomes insolvent should only apply when the company has evaded, as opposed to avoided, tax and should not extend to shareholders, a tax expert has said. 17 Aug 2018
LEGAL UPDATE: The High Court has provided guidance to officeholders on the principles that they should apply when deciding whether or not to assign a claim. The decision overrules previous authorities which placed the burden of deciding whether a claim has... 15 Aug 2018
The collapse of Lehman Brothers in September 2008 highlighted deficiencies in applying the “normal” corporate administration regime to investment banks, in particular in protecting client assets. This led to the introduction of the investment bank special...
There are a number remedies available in Scotland to a creditor for the recovery of debts.
A partnership is a relationship which exists between two or more persons carrying on business together with a view to making profit. Unlike a company, a partnership has no separate legal personality and so cannot be the subject of any legal proceedings on...
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 Court of Appeal in England and Wales has upheld a creditor's application to revoke an IVA due to a material irregularity as the majority creditor had entered into a separate settlement agreement with the debtor. Nominees of IVAs should investigate... 07 Aug 2018
When a business goes into insolvency, insolvency practitioners may become responsible for fire safety. Those responsibilities will change if the Hackitt Review's post-Grenfell recommendations are implemented, particularly if the insolvency involves buildings... 07 Aug 2018
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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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