We recently reported that the current restrictions on the presentation of winding up petitions and the making of winding up orders introduced by Corporate Insolvency and Governance Act 2020 (“CIGA 2020”) have been extended to 31 March 2021. By way of reminder, CIGA...
New regulations will come into force on 4 May 2021 to help those struggling with debt to apply for much needed breathing space with the assistance of a regulated debt advisor, in order to benefit from legal protections against creditor action. The Regulations, which...
In January 2018, Carillion PLC and five associated companies entered into Liquidation. The Insolvency Service has now issued director disqualification proceedings on behalf of the Secretary of State for Business, Energy and Industrial Strategy against eight Carillion...
We reported back in July 2020 on the many help packages issued by the Government to assist businesses and individuals during the COVID-pandemic. You can see that article here. In this article, amongst other things, we reported that the Corporate Insolvency and...
In a recent article we recapped the type of partnerships available and specifically, that of ‘basic partnerships’ governed by the Partnership Act 1890 (the PA Act). In short, it primarily highlighted the stark default position of a partnership being automatically...
“Partnership” is a term that, surprisingly, covers a number of different types of partnership relationships governed by law. There is the “basic partnership” governed by the Partnership Act 1890 (“PA 1890”). This type of partnership is not a separate legal entity and...
