Insolvent liquidation — a guide
By Patricia Godfrey and Emma Lloyd
This note provides a short summary of the two formal insolvent liquidation processes. Each insolvent liquidation is different and specific advice should be taken in individual cases.
Insolvent liquidation (or winding up) is one of the ways in which the affairs of an insolvent company may be wound up. It represents the beginning of the end for a company and may be initiated as an independent process, or follow a company voluntary arrangement, receivership or administration. It can also co-exist with a receivership. The company’s business will typically cease on the company going into any form of liquidation, except so far as may be required for its beneficial winding up. The company will be automatically dissolved three months after the liquidation ends (unless an appeal against dissolution is lodged).
There are two types of insolvent liquidation, namely creditors’ voluntary liquidation and compulsory liquidation…
Click on the link below to read the rest of the Nabarro briefing.
News from Nabarro
Briefings from Nabarro
Because of a history of litigation between a landlord and its tenants, the landlord was justified in refusing to grant the tenants a new business lease.
In a recent case, it was the tenant of certain floors and the car park in an office building where it paid service charge calculated by deducting the annual expenditure from the gross annual expenditure.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem