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How many angels can dance on the head of a pin - pending petitions and out-of-court administrations!

United Kingdom - October 11 2012 In our last issue, we looked at the implications for out-of-court administrations where the company or directors seek to appoint an administrator under paragraph 22 of Schedule B1 to the Insolvency Act 1986, but then discover that between filing their notice of intention to appoint and their notice of appointment, a winding-up petition has been presented, triggering paragraph 25 of the Schedule.

Gavin Kramer.

Best endeavours, reasonable endeavours and all reasonable efforts: when do you know, when you’ve done enough?

United Kingdom - October 11 2012 There are certain clauses in a contract which sound alarm bells to the trained eye.