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The Great FSP Relay Challenge
At FSP we believe that our Corporate Social Responsibility programme should be a significant and…
Latest News & Insights
Real risk not enough?
The UK Supreme Court in BTI 2014 LLC v Sequana SA and others [2022] (“Sequana”) has affirmed company director’s common law duty to give appropriate weight to the company’s creditors when insolvency is looming.
Insolvent Tenant – The Landlord’s view
Following a period of increasing delays in tendering rent my corporate tenant has now defaulted…
Directors, Dissolution, Disqualification
Directors disqualified for abusing dissolution process following new powers given to the Insolvency Service
Non-executive directors – do your duty, or risk disqualification!
In a recent court case the non-executive chair of a private company was disqualified from acting as a director after the High Court found he had fallen short of his duties as a director.
Disqualification of Directors of Dissolved Companies
New Bill to extend Disqualification Order powers.
HMRC – A preferential creditor
Following the Finance Act 2020 gaining Royal Assent on 22 July 2020 HMRC became a preferential creditor in insolvencies with effect from 1 December 2020.
Supreme Court Judgement in Business Interruption Test Case
Are you covered for business interruption losses due to Covid?
Field Seymour Parkes advise KRE Corporate Recovery on the sale of the business and assets of Neptune Rum (In Administration)
The restructuring and insolvency team led by Ian Wood-Smith advise KRE Corporate Recovery on the administration and subsequent sale of the business and assets of Neptune Rum.
Don’t wind me up! – Corporate insolvency and governance bill 2019-21 published
Mark Banham, Associate in the property litigation team provides an update on the new Corporate Insolvency and Governance Bill 2019-21 which has provided clarification to landlords and tenants alike on the measures originally designed to protect businesses on the high street from landlords seeking to recover rent using “aggressive tactics”.
Debt Restructuring – what options are there?
Most debt restructurings involve borrowers that are (or that suddenly become!) over-leveraged and unable to…
