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Blog | Corporate Insolvency

When Good Intentions Are Not Enough: The Supreme Court on Directors’ Duties

The Supreme Court have delivered a significant judgment on directors’ duties, confirming that a sincere belief in what is best for the com...

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Jasmine Liddle Commercial Executive

Navigating FCA Regulated Insolvency with FG25/2: A Technical Guide for Insolvency Practitioners

The Financial Conduct Authority (FCA) has recently issued FG25/2, a comprehensive guidance document aimed at insolvency practitioners (IPs) ...

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Compulsory Liquidations Reach Ten Year High as Businesses Struggle with Costs

According to the latest figures from the Insolvency Service, 393 companies across England and Wales were forced into compulsory liquidation ...

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Ellena Pritchard Commercial Executive

Case of Bury Director Highlights Duty to Co-Operate Laws

On 15 October 2024, Vezubuhle Ndlovu (“Mr Ndlovu”) of Bury, director of VN Electrics Limited (“the Company”), was sentenced to 10 mo...

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Armin Pishro Trainee Solicitor

Changes to Insolvency Fees

The Insolvency Proceedings (Fees) (Amendment) Order 2024 (SI 2024/963) was laid before Parliament on 19 September 2024 and is due to impleme...

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Ellena Pritchard Commercial Executive

Section 216 – Using a Prohibited Company Name

In accordance with Section 216 of the Insolvency Act 1986 (“S216”), if you are a director or shadow director of the liquidating company,...

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Armin Pishro Trainee Solicitor

Director Ordered to Repay £57,000 of Fraudulent COVID Bounce Back Loans

In the week commencing 09/09/24, the Insolvency Service disclosed details of a director who fraudulently secured two COVID Bounce Back Loans...

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Armin Pishro Trainee Solicitor