Whilst the full impact of Carillion’s liquidation remains uncertain for creditors and suppliers, it acts as a timely reminder to review trading relationships and position in the supply chain.
If you have been confronted with a business or individual who owes you money, only to find that they are in financial difficulty, you’ll be only too aware of one of the most difficult problems facing businesses – getting paid.
Drawing on our expertise, we’ll provide you with clear, timely and straightforward advice in order to maximise your chance of payment.
If you hold any security for the debt such as retention of title or a charge we can advise how best to utilise this to maximise your return.
If it is too late and the person or business that owes you money has already gone into an insolvency regime, we can advise you on the best way of maximising your recovery and where appropriate seek to recover assets that you have supplied.
The Insolvency (England and Wales) Rules 2016 (often referred to as the “Insolvency Rules 2016”) are due to come into force on 6 April 2017.
The Court of Appeal has now handed down its long-awaited judgment in the case of Horton v Henry  EWCA Civ. 989.
The Insolvency Act 1986 is to be amended by the abolition of the requirement for creditors’ meetings to be held as the default means of decision making, replacing this instead with a “deemed consent” procedure or a “qualifying decision” procedure.
What is a Validation Order? If a company is wound up by the Court, under Section 127 of the Insolvency Act 1986 any disposition of that company’s property (and any transfer of shares or alteration in the status of that company’s members) made…
Insolvency Practitioners and third parties who wish to claim against the insurer of an insolvent company/individual will be pleased to see that the Third Parties (Rights Against Insurers) Act 2010 came into force this week on 1 August 2016.
From April 2016, the ‘No Win, No Fee’ reforms which were brought into force by the Jackson Reforms in 2013 for civil litigation will apply to insolvency proceedings.
Insolvency professionals will no doubt welcome changes detailed below. In particular, clarification that a director’s administration appointment is not invalid by virtue of the filing of a winding up petition during the interim moratorium period.
To be made bankrupt, a court has to issue a bankruptcy order which can occur for the following reasons:
In December 2014, the High Court decided not to follow the earlier decision made in Raithatha v Williamson  EWHC 909 (Ch) (“Raithatha”).
In the recent case of Blue Monkey Gaming v Hudson & Others  EWHC (Ch), the High Court have helpfully provided guidance on the role of administrators in relation to retention of title claims.
The Court of Appeal has this morning given judgment in the highly anticipated (and welcome) case of Re Game Station and has overruled the controversial decision of the High Court in Goldacre.
In the recent case of Secretary of State for Business v McDonagh and others UKEAT/0287/12 and UKEAT/0312/12, the Employment Appeals Tribunal (the “EAT”) had to consider for the first time when the ‘appropriate date’ falls when, i…
Helen Bates of Clarion’s Corporate Recovery practice acted on behalf of the Administrators of Hemmels Limited in negotiating and successfully concluding the sale of the company’s business and assets out of Administration. The company ha…
A group of Leeds claims companies have been saved after they were bought out of administration in a pre-packed sale. Joint administrators Kelly Burton and Lisa Hogg from Sheffield-based Wilson Field were called in by the directors when the group faced fi…
A pair of Leeds-based roofing and industrial cladding firms have entered administration, prompted by a period of severe financial difficulties that followed their rapid expansion. The two associated companies - Cover Structure Ltd and Coloured Metal Prof…
Annette Thomson has joined Clarion in Leeds as an associate solicitor in its corporate recovery and insolvency team.
The Government has announced today that they have granted an extension of the temporary exemption of insolvency litigation from the 2012 Legal Aid, Sentencing and Punishment of Offenders Act “LASPO Act”).
The business and assets of Leeds-based Andrews Fasteners Ltd have been acquired by a new company AFC Products Limited.
Clarion’s corporate recovery and finance groups have been further boosted with the appointment of Ben Slack.
Following the administration of Skymede Enterprises (Cardiff) Ltd which operated the Sky Plaza Hotel Cardiff Airport, its business and assets have been sold to Fenea Limited, securing the future of the business and eight jobs.
Finalists in the Insolvency & Rescue Awards 2013.
Our corporate recovery and insolvency team is continuing to grow with the appointment of Russell Stevens as legal assistant in the practice’s specialist banking and finance team.
We are delighted to have made the top three in national insolvency awards
We have appointed our 18th partner with the promotion of Alice Pratt from senior associate to partner in the growing corporate recovery practice.
Mid Tier/Boutique Law Firm of the Year 2011