Corbin & King, the owners of London restaurants including the upscale Delaunay and the Wolseley, has entered administration although the restaurants continue to trade
The Financial Conduct Authority (FCA) is clamping down on companies that use insolvency or company law to manage their liabilities which ‘unfairly’ benefits the company at the expense of customers
A construction company has been wound up by the High Court after offering fraudulent investment opportunities and scamming would-be-investors out of around £1.1m
Bulb, the UK’s seventh largest energy supplier, was the first energy company to enter special administration. Under such circumstances, Tania Clench, legal director at law firm Cripps Pemberton Greenish, examines the responsibilities of the insolvency practitioner
In a wide-ranging overhaul of the insolvency rules, the government is proposing the creation of a stand-alone independent regulator to monitor insolvency practitioners and firms for the first time
The Insolvency Service has been given more powers to tackle rogue directors who dissolve their companies and avoid paying liabilities to staff, creditors and the taxpayer
The accountancy firm Mazars has seen a steep rise in ‘cryptocurrency losses’ written down as a primary reason for personal insolvency on reports to creditors of those bankrupt
Restructuring and advisory firms BM Advisory and Moorfields Advisory have announced a merger to support ambitious growth plans under the rebranded firm
Corporate insolvencies remain stable in the month after Covid-19 support measures stopped with 1,405 corporate insolvencies which is 5% lower than pre-pandemic levels
As the UK government’s temporary restrictions on statutory demands and winding up petitions are phased out, Paul Reeves and Joanne Wright, restructuring advisory at Kroll, recommend a triage approach to overcome the challenges ahead
