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Technical Update (APRIL 2020)
A summary of the decision handed down in the matter of Carluccio's, an update on the Coronavirus Job Retention Scheme, Court of Session Guidance note (Scotland) and other updates. View
A summary of the decision handed down in the matter of Carluccio's, an update on the Coronavirus Job Retention Scheme, Court of Session Guidance note (Scotland) and other updates. View
Technical update (APRIL 2020)
An update on swearing a declaration of solvency (list of solicitors), HMRC insolvency guidance, the Coronavirus Job Retention Scheme, PPF updates, an u pdate from Mr Justice Snowden, and more. View
An update on swearing a declaration of solvency (list of solicitors), HMRC insolvency guidance, the Coronavirus Job Retention Scheme, PPF updates, an u pdate from Mr Justice Snowden, and more. View
Swearing a Statutory Declaration - COVID-19 contingency arrangements (MARCH 2020)
A list of solicitors that are willing to undertake a swearing, whilst abiding by the UK Government guidance in respect of social distancing. View
A list of solicitors that are willing to undertake a swearing, whilst abiding by the UK Government guidance in respect of social distancing. View
The Coronavirus Job Retention Scheme (MARCH 2020)
The Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. The Government guidance confirms that the scheme can be accessed by an Administrator of a company . View
The Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. The Government guidance confirms that the scheme can be accessed by an Administrator of a company . View
New R3 website...New website links to Technical Materials (FEBRUARY 2020)
Despite the efforts of the Technical Team to have the website links to the technical materials held on the old R3 website transferred to the new version, it was not possible. This note provides members with new website links to ‘ Creditors Guides ’, ‘ Fee Guides ’, ‘ IVA Standard Conditions ’ and ‘SIPS'. View
Despite the efforts of the Technical Team to have the website links to the technical materials held on the old R3 website transferred to the new version, it was not possible. This note provides members with new website links to ‘ Creditors Guides ’, ‘ Fee Guides ’, ‘ IVA Standard Conditions ’ and ‘SIPS'. View
Joint statement to Insolvency Practitioners and authorised Firms from the FCA, ICO and FSCS (FEBRUARY 2020)
The statement relates to circumstances where a firm or an IP appointed over a failing or failed firm are aware of potential customer complaints against the firm and seek to realise some value by selling the customers’ details to claims management companies who would then use the data to contact the customers and offer to help them make a claim at a cost. View
The statement relates to circumstances where a firm or an IP appointed over a failing or failed firm are aware of potential customer complaints against the firm and seek to realise some value by selling the customers’ details to claims management companies who would then use the data to contact the customers and offer to help them make a claim at a cost. View
E-Filing, Administration - Notice of Appointment - Part II (JANUARY 2020)
Following the release of R3’s Technical Alert on the decision of ICC Judge Burton in the matter of S.J. Henderson & Company Limited (in administration) and Triumph Furniture Limited (in administration) on 8 November 2019, it came to our attention that HHJ Hodge QC had handed down a decision in Keyworker Homes (North West) Limited (‘KWHL’) in which he decided that directors CAN appoint out of hours via e-filing, and the appointment would take effect at the time and date of filing (subject to subsequent acceptance). View
Following the release of R3’s Technical Alert on the decision of ICC Judge Burton in the matter of S.J. Henderson & Company Limited (in administration) and Triumph Furniture Limited (in administration) on 8 November 2019, it came to our attention that HHJ Hodge QC had handed down a decision in Keyworker Homes (North West) Limited (‘KWHL’) in which he decided that directors CAN appoint out of hours via e-filing, and the appointment would take effect at the time and date of filing (subject to subsequent acceptance). View
Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (JANUARY 2020)
The regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds Regulation from 2017, and would implement an EU Directive on the topic. The regulation makes additional provisions to cover crypto-asset exchange providers in its definitions of credit institutions, as well as for letting agencies and estate agents. These will now be covered under anti-money laundering and counter-terrorist financing (‘AML’/ ‘CTF’) legislation. View
The regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds Regulation from 2017, and would implement an EU Directive on the topic. The regulation makes additional provisions to cover crypto-asset exchange providers in its definitions of credit institutions, as well as for letting agencies and estate agents. These will now be covered under anti-money laundering and counter-terrorist financing (‘AML’/ ‘CTF’) legislation. View
Disguised Remuneration Loan Charge - Part III - January 2020
In September 2019, the Government commissioned an independent Loan Charge (‘LC’) review to be undertaken. The review was published on 20 December 2019 together with the Government’s own response to the review. Highlights of the review... View
In September 2019, the Government commissioned an independent Loan Charge (‘LC’) review to be undertaken. The review was published on 20 December 2019 together with the Government’s own response to the review. Highlights of the review... View
E-Filing, Administration - Notice of Appointment - November 2019
In two separate cases of in the matter of S.J. Henderson & Company Limited (in administration) and Triumph Furniture Limited (in administration) Insolvency and Companies Court Judge Burton gave a combined judgment and was asked to consider the correct interpretation of para 8.1 of the Insolvency Practice Direction – C an a company or its directors file a NOA outside of the court’s usual counter opening hours via e-filing? View
In two separate cases of in the matter of S.J. Henderson & Company Limited (in administration) and Triumph Furniture Limited (in administration) Insolvency and Companies Court Judge Burton gave a combined judgment and was asked to consider the correct interpretation of para 8.1 of the Insolvency Practice Direction – C an a company or its directors file a NOA outside of the court’s usual counter opening hours via e-filing? View
Insolvency Service - Updates on the workings of the RPS - October 2019
The Insolvency Service have released an update on what the RPS have been doing to work through employee claims and associated queries following the issues encountered after the introduction of a new case management system. View
The Insolvency Service have released an update on what the RPS have been doing to work through employee claims and associated queries following the issues encountered after the introduction of a new case management system. View
The Return of Crown Preference - Draft legislation for Finance Bill 2019-2020 - July 2019
The Finance Bill confirms that HMRC will return to preferential status for certain tax debts on the insolvency of a business . HMRC will move ahead of holders of floating charges and other non-preferential unsecured creditors, but remain below holders of fixed charges and higher ranking preferential creditors. View
The Finance Bill confirms that HMRC will return to preferential status for certain tax debts on the insolvency of a business . HMRC will move ahead of holders of floating charges and other non-preferential unsecured creditors, but remain below holders of fixed charges and higher ranking preferential creditors. View
Insolvency Service - Redundancy Payments Service - Contact issues - July 2019
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Disguised Remuneration Loan Charge - Part II - guidance issued by HMRC on 18 April 2019 - April 2019
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View
Disguised Remuneration Loan Charge - details on the loan charge, which comes into effect on 5 April 2019. - April 2019
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View
Tax Technical Alert: a number of important tax updates and messages from HMRC - March 2018
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R3 Standard Conditions for Individual Voluntary Arrangements (Version 4) - February 2018
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View
HMRC and claims for statutory interest in MVLs – an update - December 2017
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HMRC have requested that the following notifications be brought to your attention - December 2017
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View
Interaction with the Official Receiver – have your say - November 2017
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Further Information & Articles
Ben Luxford
Moira FitzpatrickFind INSOLVENCY & RESTRUCTURING ADVICE
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