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An update: the importance of maintaining adequate company accounting records in the context of director disqualification

A company is obliged to keep adequate accounting records in accordance with section 386 of the Companies Act 2006. This provision sets out a number of requirements for a company’s accounting records, including that they must show and explain the company’s transactions and disclose with reasonable accuracy, at any time, the financial position of the […]

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Director Disqualification Update – May 2021

On 12 May 2021 the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (“the Bill”) had its first reading in the House of Commons and has now been published.  This will be an interesting addition to the disqualification regime. The main changes to the Company Directors Disqualification Act 1986 (“the Act”) will be as follows: Section 6

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Extension of Restrictions under Corporate Insolvency and Governance Act 2020

As of yesterday, Thursday 24 September 2020, the Government has brought into force an extension to the operation of a number, but not all, of the restrictions and measures found within the Corporate Insolvency and Governance Act 2020 (“CIGA”). This has been done via Regulation 2 of The Corporate Insolvency and Governance Act 2020 (Coronavirus)

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Working from home (WFH) – the day in the life of a managing partner in the #coronavirus pandemic.

When a colleague first suggested I write a blog on WFH I initially did not think there was much to write about, but I was wrong. Whether you are an employee or a business owner we have all had to adapt the way we work, and we are all in this together. Statutory Demands and

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Trading to the Detriment of HMRC – Director Disqualification

A recap of the principles applicable to allegations by the Secretary of State of trading to the detriment of HMRC – The Secretary of State for Business Energy and Industrial Strategy v Raymond St John Murphy [2019] EWHC 459 (Ch) In The Secretary of State for Business Energy and Industrial Strategy v Raymond St John Murphy [2019] EWHC 459

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A Brave New World: Evolving Insolvency Law and Practice in Response to the COVID-19 Pandemic

We live in unprecedented times. The Government and the Courts have been rapidly introducing measures in an attempt to ease the economic impact on UK business and individuals of the COVID-19 pandemic and the resulting “lock-down”. Proposed Changes to Insolvency Legislation On 28 March 2020, the Government proposed new measures to improve the UK insolvency

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