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The UK government has launched a consultation into insolvency in the aviation sector, examining how airlines can wind down with the minimum impact for passengers and taxpayers alike. 17 Apr 2018
LEGAL UPDATE: The High Court has said that the failure by company directors to send notice of the deemed consent procedure for the nomination of joint liquidators in a creditors voluntary liquidation (CVL), did not invalidate the appointment of the liquidators.... 10 Apr 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.
This guide was last updated in December 2017
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 has ruled that the application by a director and shareholder of Jamaica Tavern Limited (In Liquidation) to remove its liquidators from office did not provide adequate cause. This case provides examples of the type of demands and... 10 Apr 2018
LEGAL UPDATE: Company directors were said to be responsible for assets despite their use of corporate vehicles, the Supreme Court has ruled (12-page / 157KB PDF). The ruling means that a six year limitation period stopping liquidators taking legal action against... 23 Mar 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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