Announcements and News

Crypto Assets in Cross Border Insolvency (A Perspective from England & Wales)

Leave a Comment / All, Announcements and News /

Introduction Crypto assets are currently a hot topic in the insolvency world and one with which IPs are engaging across the globe. There are increasing numbers of cases worldwide where either a crypto business has failed, crypto assets form part of an insolvent Estate or assets in an Estate are converted into crypto assets with […]

Crypto Assets in Cross Border Insolvency (A Perspective from England & Wales) Read More »

Is it safe to dismiss an employee with less than two years’ continuous service?

Leave a Comment / All, Announcements and News, Director Disqualification /

Many employers believe that it is safe to dismiss an employee with less than two years’ continuous service on the basis that they do not have ordinary unfair dismissal rights.   It is certainly true that the  general rule is that an employee requires two years’ continuous service to bring a claim of ordinary unfair dismissal

Is it safe to dismiss an employee with less than two years’ continuous service? Read More »

If you've been contacted by the Insolvency Service and worried about the HMRC bounce back loan investigation, you need to seek immediate advice. Bounce back loan fraud is a very serious offence, which the authorities are looking to clamp down on.

HMRC Bounce Back Loan Investigation

Leave a Comment / All, Announcements and News, Director Disqualification /

Introduced by the government in April 2020, the Bounce Back Loan Scheme (BBLS) provided rapid access to finance for small businesses affected by the coronavirus pandemic. Through the scheme, SMEs could borrow between £2,000 and 25% of their turnover, up to a maximum of £50,000. While businesses took advantage of the BBLS, it wasn’t without

HMRC Bounce Back Loan Investigation Read More »

Director Disqualification Update – January 2022: New Year, New Laws

Leave a Comment / Announcements and News, Director Disqualification, Insolvency /

On 15 December 2021, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 received Royal Assent and serves as an interesting development within the director disqualification legal regime. You may have read our previous update on this in May 2021 Director Disqualification Update after the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill had its first

Director Disqualification Update – January 2022: New Year, New Laws Read More »

Director disqualification

Director Disqualification and Coronavirus Bounce Back Loans

Leave a Comment / All, Announcements and News, Director Disqualification, Insolvency /

The Bounce Back Loan Scheme was introduced to provide financial aid to small and medium-sized businesses affected by the coronavirus pandemic. The scheme enabled small and medium-sized businesses to borrow up to £50,000 with no fees or interest payable for the first 12 months. After 12 months, an interest rate of 2.5% per year becomes

Director Disqualification and Coronavirus Bounce Back Loans Read More »

30 September 2021 – a Key Date for Insolvency Professionals

Leave a Comment / All, Announcements and News, Insolvency, Litigation /

Background As a result of the coronavirus pandemic, the Corporate Insolvency and Governance Act 2020 (“CIGA”) received Royal Assent on 25 June 2020. CIGA made a number of substantial changes to existing insolvency legislation. Some of the significant changes (discussed in further detail below) were in relation to the presentation of winding up petitions and

30 September 2021 – a Key Date for Insolvency Professionals Read More »

Extension of Restrictions under Corporate Insolvency and Governance Act 2020

Leave a Comment / All, Announcements and News, Debt Recovery, Insolvency /

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)

Extension of Restrictions under Corporate Insolvency and Governance Act 2020 Read More »