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Personal guarantees – be aware!

United Kingdom - August 15 2014 National House Building Council (NHBC) v John Penman and Elizabeth Penman [2014] CSOH 120 considered whether the owners of JAD Homes Ltd (JAD) were…

Gillian Craig

Bill published to reform Scottish personal bankruptcy

United Kingdom - April 16 2014 The Bankruptcy and Debt Advice (Scotland) Bill was passed by the Scottish Parliament on 20 March 2014, containing significant amendments to Scottish…

Gillian Craig

Forewarned is forearmed

United Kingdom - February 24 2014 With all the recent talk of economic recovery it has never been more important to protect your business. There are many ways to review and reduce…

Julie Hamilton, Carolyn Miller

Echelon 2 - guidance on reduction of liquidators remuneration

United Kingdom - June 15 2011 As reported in our recent e-update on the case of Echelon Wealth Management Limited (in liquidation), Lord Glennie has determined that liquidators who are removed from office have no right to retain assets as security for remuneration and costs. 

Alan Meek

Echelon Part 1 - no right of retention for former liquidators

United Kingdom - June 9 2011 In a recent case in relation to the liquidation of Echelon Wealth Management Limited ("E"), Lord Glennie has decided that upon removal as liquidator, a former liquidator may not retain from the assets of the liquidated company any sum as security for costs.

Alan Meek