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A lender's claim against an accountancy firm whose negligent advice led to the lender entering into a bad loan was extinguished when the lending company's owner advanced further funds to allow the debtor to pay off the lender. 13 Apr 2017
LEGAL UPDATE: New insolvency rules will modernise the insolvency process and give creditors access to quicker decision-making and communication. But changes to the procedures and methods of communication mean that there is a risk that creditors will miss important... 29 Mar 2017
There are a number remedies available in Scotland to a creditor for the recovery of debts.
This guide was last updated in August 2011.
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.
ANALYSIS: The way in which many farming businesses are structured can present particular difficulties for lenders when these businesses face financial difficulties. 23 Mar 2017
ANALYSIS: A new special education administration regime, designed to protect the students of further education bodies in England and Wales, should be in place for the start of the 2018/19 academic year. 17 Mar 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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