insolvency and business recovery news

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Blake Lapthorn’s Insolvency and Business Recovery team (IBRT) has compiled a list of news and press releases for you.

Please click on link to view:

09/12/08	WARNING: leaving administration extension applications to the last minute without good reason may attract adverse costs consequences

27/11/08	IBRT issues 'top tip' on use of section 15 of the Company Directors Disqualification Act 1986 .

26/11/08	IBRT issues note on insolvency issues affecting the recruitment sector .

25/11/08	IBRT offers new fixed fee service for lodging administration appointment papers in the High Court .

25/11/08	Insolvency Service third quarter statistics published .

21/11/08	Companies Court applies strict pari passu principle to section 176A, IA 1986 (case of Re Courts plc) .

20/11/08	IBRT previews 'bankruptcy lite' or debt relief orders, which become available in April 2009 .

17/11/08	Companies Court further considers requirements of a twilight trust (case of BA Peters Plc) .

15/11/08	High Court reafffirms receiver's wide discretion in sale of property cases (case of Bell -v- Long) .

12/11/08	Why the domestic practitioner can no longer afford to ignore the cross-border picture (cases of BCI Ltd -v- Henwood; McGrath -v- Riddell; and Cartesio Oktato) .

31/10/08	Insolvency Service issues guidance on extension of administration periods (Dear IP - issue 37) .

30/10/08	High Court reconfirms trustees' right to charge occupation rent notwithstanding Stack -v- Dowden (case of French -v- Barcham) .

30/10/08	Ombudsman warns local authorities against using bankruptcy for council tax enforcement (case of Ford -v- Wolverhampton City Council) .

05/10/08	IBRT is further strengthened .

02/10/08	IBRT issues client guide on provisions of Companies Act 2006 coming into force since October 2007 of interest to insolvency practitioners .

30/09/08	Office holders required to advertise insolvency procedure on company's website, letterhead, etc (Companies (Trading Disclosures) (Insolvency) Regulations 2008) .

15/09/08	Administrators held liable for the costs of a creditor's application to remove them from office (case of Coyne -v- DRC Distribution) .

01/09/08	Bad news for creditors of those subject to the proceeds of crime regime (case of Serious Fraud Office -v- Lexi Holdings Plc) .

01/08/08	Court of Appeal creates more uncertainty for office holders who seek to make collective redundancies (case of Day -v- Haine) .

01/08/08	Recent advances made in the courts by insolvency practitioners and other authorities spells trouble for carousel fraudsters .

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For further information, please contact Adrian Owen, head of the Insolvency and Business Recovery team, on 023 8085 7445 or by email at adrian.owen@bllaw.co.uk, or call one of the team's other key contacts.