Insights

In this detailed guide, we cover the consequences of being disqualified, the stages of investigation, and your options for moving forward.

While the bounce-back loan scheme undoubtedly helped many businesses survive, many directors are now facing serious legal consequences, including director disqualification, for misusing the scheme.

The recent case of El-Husseiny and another v Invest Bank provides an insight into the interpretation of Section 423 of the Insolvency Act 1986 where liquidators are investigating transactions defrauding creditors.

Misusing the scheme and its funds can lead to a range of penalties, including fines, disqualification, imprisonment, and bankruptcy, often with legal action being taken against directors.

A statutory moratorium is a legal protection for companies entering into administration.

We are thrilled to announce that Higgs LLP has recently completed the acquisition of Lewis Onions Solicitors. This strategic move marks an exciting new chapter in the firm's growth and further strengthens their position in restructuring and insolvency.

In this detailed guide, we cover the consequences of being disqualified, the stages of investigation, and your options for moving forward.

The case of Kelsall and another v Stajic and another not only dismissed the respondent’s strike-out application but also clarified that claims for dishonest assistance can indeed fall within the ambit of s.212.

As businesses face insolvency, the disposal of assets in distressed sales can often become a reality. In the current economic climate, we have seen a noticeable increase in the number of distressed sales and have acted for many purchasers who have been burnt in the process.

In this article, we consider the recent case of Secretary of State for Business and Trade v Barnsby in which a compensation order was made against the sole director of Pure Zanzibar Limited, Mr Barnsby.  

Broadly speaking, if Crypto can be traced and secured, then it can be recovered on behalf of the creditors of an insolvent estate. However, this is easier said than done…

We are regularly asked to advise on the implications for directors of an insolvent company wishing to act as a director of other companies with the same or similar names.