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Results: 1-10 of 73

Directors’ duties
  • Norton Rose Fulbright LLP
  • United Kingdom
  • February 6 2009

The following is a broad overview of the duties and liabilities of directors when their company is in financial difficulties


Settlement reached in Lehman Brothers financial support direction case
  • Norton Rose Fulbright LLP
  • United Kingdom
  • August 28 2014

Again, of interest to all schemes providing defined benefits is the recent settlement in the litigation involving the Lehman Brothers Scheme, where


Horton v Henry 2014 - High Court contradicts earlier case by ruling bankrupt cannot be required to draw pension to pay creditors
  • Norton Rose Fulbright LLP
  • United Kingdom
  • January 26 2015

Declining to follow a 2012 decision, the High Court has ruled that a bankrupt's unexercised rights to draw his pension did not represent income to


Horton v Henry 2014 pensions and bankruptcy appeal allowed
  • Norton Rose Fulbright LLP
  • United Kingdom
  • February 19 2015

Of general interest is the appeal in the case of Horton v Henry, on which we reported in our January 2015 update. In Horton, the High Court declined


Company debt buy-back
  • Norton Rose Fulbright LLP
  • United Kingdom
  • October 19 2009

On 14 October 2009 the Government announced a major change to the way in which company buy-backs of debt will be taxed


Fixed versus floating charges
  • Norton Rose Fulbright LLP
  • United Kingdom
  • May 2 2014

They give a lender a higher position in the queue for the net proceeds of a borrower's assets in the event of a borrower's insolvency. Fixed and


Voidable transactions in insolvency
  • Norton Rose Fulbright LLP
  • United Kingdom
  • May 2 2014

In a commercial lending context, there are three main situations under English law where an insolvency officer can set aside security entered into in


The Insolvency (Scotland) Amendment (No. 2) Rules 2009
  • Norton Rose Fulbright LLP
  • United Kingdom
  • September 14 2009

The Office of Public Sector Information (OPSI) has published The Insolvency (Scotland) Amendment (No. 2) Rules 2009


CESR publishes a report on the Lehman Brothers default and provides an assessment of the market impact
  • Norton Rose Fulbright LLP
  • United Kingdom
  • March 30 2009

On 23 March 2009, the Committee of European Securities Regulators (CESR) published a report on the market impact of the Lehman Brothers default


FSA press release - Lehman Brothers Holding Inc
  • Norton Rose Fulbright LLP
  • United Kingdom
  • September 22 2008

On 15 September 2008, the FSA published a statement concerning Lehman Brothers Holding Inc