UK Insolvency

Zombie Companies - Has the Chancellor missed a trick?

12/03/11

George OsborneIn 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.

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Mercer & Hole is Recruiting in Restructuring & Insolvency

11/16/11

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, has prompted us to grow our Restructuring & Insolvency teams.

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Mercer & Hole is Recruiting in Restructuring & Insolvency

11/16/11

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, has prompted us to grow our Restructuring & Insolvency teams.

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Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

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 the Court of Appeal...

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Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

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 the Court of Appeal as it dismissed the appeals in the Nortel and Lehman cases.

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Incomplete records will not avoid repayment of Directors' debts

10/05/11

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 fiduciary duty.

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Incomplete records will not avoid repayment of Directors' debts

10/05/11

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 fiduciary duty.

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Pre-pack administrations and the Insolvency (Amendment) (No.2) Rules 2011

08/02/11

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 insolvencies, which is accessible at http://www.ilauk.com/news/insolvency_and_restructuring_news/ and is reproduced below....

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Pre-pack administrations and the Insolvency (Amendment) (No.2) Rules 2011

08/02/11

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 insolvencies, which is accessible at  http://www.ilauk.com/news/insolvency_and_restructuring_news/ and is reproduced below.

1. Introduction

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Interior Decoration Factory - Investment Opportunity

07/20/11

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

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