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…
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Articles in ‘Insolvency’ Category
About Chloe Chloe joined RWK Goodman in 2021. Prior to joining, Chloe trained with a top 200 law firm, qualifying into their Commercial Litigation department in 2019. Chloe graduated from the University of Greenwich…
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 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…
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…
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. Julie joins from Ince and has…
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…
What is a transaction at an undervalue? A transaction at an undervalue is, in simple terms, a transaction where an individual or corporate entity acquires a property for less than its market value. For…