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Supreme Court confirms company in liquidation not prevented from claiming against directors on the basis of fraud attributable to the company
  • Herbert Smith Freehills LLP
  • United Kingdom
  • April 27 2015

The Supreme Court has unanimously upheld a Court of Appeal decision refusing to strike out a claim by a “one-man” company in liquidation, which had

Closing a loophole, confirming market practice
  • Weil Gotshal & Manges LLP
  • United Kingdom
  • April 24 2015

Insolvency practitioners and creditors alike will welcome the decision handed down by the Supreme Court on 22 April 2015. It reduces the wiggle room

Invoice discounting agreements: what administrators should know
  • Squire Patton Boggs
  • United Kingdom
  • November 18 2014

Invoice finance has dominated the lending landscape in 2014 and has outperformed all other types of business lending in the UK. We examine below many

Monarch agrees restructuring deal with PPF
  • Pitmans LLP
  • United Kingdom
  • December 15 2014

At the end of October the Pension Protection Fund announced that it had come to an agreement with Monarch Airlines and the Pensions Regulator to

APCOA the key highlights of 2014’s most discussed scheme
  • White & Case LLP
  • United Kingdom
  • December 17 2014

On 30 October 2014, the English High Court sanctioned the second scheme of arrangement for the APCOA group (the "Scheme"). APCOA has been one of the

Beyond the brown envelope
  • Dentons
  • United Kingdom
  • January 5 2015

For over 150 years, it has been a principle of English law that if an agent takes a bribe or a secret commission, he is liable to account to his

UK legal highlights: 2014 and beyond
  • DLA Piper LLP
  • United Kingdom
  • December 17 2014

The EU has published a Directive (201456EU) and a Regulation ((EU) 5372014) reforming the rules governing the statutory audit market. The

Can a bankrupt be subject to an income payment order in addition to an income payment agreement
  • Burges Salmon LLP
  • United Kingdom
  • July 8 2014

This update considers the recent High Court decision in Thomas and Another v Edmondson (1205.2014) concerning the court's ability to make an income

Bonds: style over substance?
  • MacRoberts LLP
  • United Kingdom
  • July 14 2014

The ongoing saga of the Scottish Coal Company liquidation provides the background to East Ayrshire Council v Zurich Insurance 2014 CSOH 102.East

Breach of duty by directors and dishonest assistance claims by an English liquidator
  • Taylor Wessing
  • United Kingdom
  • July 4 2014

Where a sole director and shareholder of a company had breached fiduciary duties he could not ratify the breach if the company was insolvent; Claims