News Topic: InsolvencyBlog

Mercer & Hole's Chris Laughton is in Venice hosting this morning's INSOL Europe's Annual Congress 2011. Here's what Chris is expecting over the next couple of days. "My final job as President of INSOL Europe is to host this ... Read full article

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, ... Read full article

The balance sheet test for insolvency ( section 123(2), Insolvency Act 1986 ), first addressed by the High Court in A ... Read full article

The administrators of 20 Lehman and Nortel companies face meeting Financial Support Directions (FSDs) and Contribution Notices (CNs) from The Pensions Regulator as an expense of the administrations because of the judgment handed down by Mr Justice Briggs ... Read full article

The failure of directors to notify the company, in accordance with Paragraph 26, Schedule B1, Insolvency Act 1986, of their intention to appoint administrators does not necessarily render the administrators' appointment invalid. In two carefully ... Read full article

In a statement on insolvency practitioner regulation today (20.12.11) The Minister for Employment Relations, Consumers and Postal Affairs [and Insolvency] recognised strong stakeholder support for an independent single regulator. ... Read full article

In his quest for economic stimulus in the Autumn Statement , George Osborne failed to drive banks and borrowers to put the assets and resources of moribund businesses to good use. ... Read full article

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, ... Read full article

Preference law, rules on reorganisation or composition plans, claim validation rules and insolvency of groups of companies are included amongst the topics identified as apt for harmonisation in INSOL Europe's report to the European Parliament, ... Read full article

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986. So found ... Read full article

A liquidator's investigation into a family company resulted in the liquidator pursuing the directors (and other family members as de facto directors) for repayment of overdrawn loan accounts as well as compensation for misfeasance and breach of ... Read full article

Chris Laughton, President of INSOL Europe, today launched the European Insolvency Regulation Case Register at www.insolvencycases.eu. ... Read full article

My final job as President of INSOL Europe is to host this year's conference in Venice. The last few days of preparations have been busy, but have brought home just how much has gone on. I can't pre-empt conference announcements, but to touch on ... Read full article

Insolvency Lawyers' Association's Response to the draft Insolvency (Amendment) (No.2) Rules 2011 I thoroughly endorse the Insolvency Lawyers' Association's response to the Government's proposed amendments to the law on pre-pack ... Read full article

Alkor-Venilia went into insolvency in Germany on 20 June 2011 and, on 14 July 2011, into administration in the UK, where it trades as H-A Interiors in Cramlington, Northumberland ... Read full article

HMRC's latest comment concerning 'Time to Pay' (TTP) arrangements has stated that TTP will not be available where companies are paying out dividends to their shareholders. ... Read full article

The Insolvency Service is still "in listening mode" in relation to its February 2011 Consultation on Reforms to the Regulation of Insolvency Practitioners, according to a presentation on 15 June by its Director of Policy, even though the ... Read full article

The balance sheet test for insolvency (section 123(2), Insolvency Act 1986), first addressed by the High Court in August 2010, has been revisited on appeal. The first instance conclusion that each case should be decided on its legal (rather than... ... Read full article