Frances Coulson

The application before Richard Smith J in Re Prezzo Investco Ltd (Re Companies Act 2006) [2023] EWHC 1679 (Ch) was for sanction of a restructuring plan between the company and certain of its creditors under ss 901F and 901G of Part 26A Companies Act 2006. The company had a single, wholly-owned subsidiary, Prezzo Trading Limited,…

In his judgment Chief ICC Judge Briggs endorsed the long established practice of allowing a creditor to be substituted as petitioner in a winding up petition first and hearing argument about the creditor’s standing thereafter.

We would be delighted if you could join us for our next Insolvency seminar on Tuesday 5th September.  Agenda Timings 3.45pm: Registration 4:00pm: Presentations / discussion 6:00pm: Drinks and networking as long as guests stay after Places are limited, so please book early to avoid disappointment. We look forward to hearing from you.

Agenda Timings 3.45pm: Registration4:00pm: Presentations / discussion6:00pm: Drinks and networking as long as guests stay after Places are limited, so please book early to avoid disappointment. We look forward to hearing from you.

This decision explores the circumstances in which a statutory demand may be set aside. The Kings advanced various grounds in an attempt to set aside the Bar Mutual Indemnity Fund’s demand, including a “cross demand” and an argument that bankruptcy would serve no useful purpose (as they had no money or substantial assets). But perhaps…

The question for the court in Durkan & Anor v Jones (Re Nicholas Mark Jones) [2023] EWHC 1359 (Ch) was whether it had jurisdiction to make a bankruptcy order. The petitioners were the liquidator of Long Compton Projects Limited, a company of which the debtor had been a director and which had been wound up…

Re Nasmyth Group Ltd (Re Companies Act 2006) [2023] EWHC 988 (Ch) sets out Leech J’s reasons for refusing to sanction a Part 26A restructuring plan. The company acted as the holding company of engineering subsidiaries in the UK and elsewhere and provided administrative and treasury functions to the rest of the group. In 2020 the…

We would be delighted if you could join us at our Insolvency Seminar. Having trouble reading this email? View it on your browser We would be delighted if you could join us at our Insolvency Seminar.Agenda and Speakers Last-Mile Intelligence: taking investigations beyond ‘high-street’ expectations Dr Tamara Makarenko – Special Situations Advisor & Independent Director…

Mercy Global Consult Ltd employed healthcare professionals whose services were seconded to recruitment agencies which in turn sub-seconded their services to end users, in most cases an NHS trust. The arrangements were subject to elaborate charging methods and gave rise to complex tax considerations. HMRC carried out an investigation into the company’s activities which resulted…

Our readers have their say on shifting sands in family law, regulation of company ownership and prenups Settling upSIR – The numerous references in your article ‘Modern family’ (Spear’s 84) to the use of alternative methods to litigation for finding early solutions in financial cases on divorce are testament to the development, over the past…

In the recent decision of Hinton v Wotherspoon, the court was faced with a claim under section 423 Insolvency Act 1986 by a trustee in bankruptcy to set aside a transfer of the matrimonial home into the sole name of the bankrupt’s wife. The defence was that the reason for the transfer was to fulfill…