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Opinion  |  17:10:22
What are directors’ duties to creditors when a company is in financial difficulty? A review of BTI v Sequana
The Supreme Court has now provided its long-awaited judgment confirming the duties of directors when dealing with a company in financial difficulties. Directors now have more clarity on how to act towards creditors when...
Covid business
Opinion  |  05:04:22
The Bounce Back Loan Scheme: one of the biggest “cock-ups” in recent government management
Bounce Back Loan Scheme: “One of the most colossal cock-ups in recent government management and tax payers are paying for this” This was the verdict of Lord Theodore Agnew, former government efficiency minister at...
Opinion  |  01:04:22
Covid-19 insolvency restrictions have come to an end
The Insolvency Service has announced that from 31 March 2022 the temporary insolvency measures applied during the pandemic under the Corporate Insolvency and Governance Act 2020 (CIGA 2020) will expire. This means that from...
Case Study  |  17:03:22
Beware a Liquidator’s claim under Section 127 of the Insolvency Act 1986
It’s bad enough when one of your customers goes into compulsory liquidation owing you money, which is a risk that all businesses accept when supplying goods or services. However, what many suppliers may not...
News  |  08:02:22
Dispute Resolution Partner Julie Killip joins RWK Goodman
RWK Goodman has further boosted its expertise in Dispute Resolution in the area of Insolvency with the appointment of Julie Killip as a Partner at its London office.
Opinion  |  02:11:21
The effect of a property transaction at an undervalue and some changes to the standard PLC declaration of solvency
What is a transaction at an undervalue?
Opinion  |  02:04:20
Directors’ duties in troubled times – updated 2 April 2020
When a company is solvent and business is good, the company and its directors owe fairly limited duties to creditors (save, of course, for contractual obligations).  Directors must act in the best interests of the company at all times and must promote the success of the company for the benefit of its members as a whole.