Your responsibilities under a Power of Attorney (PoA) are an important aspect of safeguarding family assets. In the UK, individuals granted a PoA hold a significant and sensitive position of trust. Understanding the scope and limitations of this role is important to make sure the person who has entrusted you with their affairs stays financially [...]
The Companies Act 2006 was a pivotal piece of legislation that has reshaped the landscape of company law in the UK, with particular emphasis on small and medium-sized enterprises (SMEs). In this blog, we look at the Companies Act 2006 further, shedding light on the challenges and opportunities it presents for UK businesses. The Strategic [...]
When it comes to running a business, the role of administrative professionals is often underestimated. These individuals are the backbone of organisations, ensuring operations run smoothly and contributing significantly to their success. They manage daily tasks, coordinate between departments, and handle critical information. This blog post aims to shed light on the critical role of [...]
The landscape of business administration has undergone significant transformation in recent years, especially in the UK. With the introduction of the digital age, the role of administration, particularly in the context of insolvency and liquidation, has evolved in ways that are both challenging and opportunistic for businesses. The integration of digital tools has revolutionised data [...]
When it comes to the liquidation process known as Creditors’ Voluntary Liquidation (CVL), many UK business owners find themselves mired in a sea of misinformation. Rumours and hearsay often paint this legal process in a stark, negative light, leading to unnecessary anxiety and confusion. The purpose of this article is not only to dispel some [...]
In an increasingly interconnected global economy, the concept of 'Cross-Border Insolvency' is becoming more important than ever, especially within the UK's legal and financial sectors. This blog post explores the meeting of cross-border insolvency and technology, focusing on the emerging trends and challenges of professionals in this field. The Evolving Landscape of Cross-Border Insolvency Cross-border [...]
Insolvency and liquidation can be complex, and the global landscape often requires a nuanced approach to address cross-border challenges. The United Nations Commission on International Trade Law (UNCITRAL) Model Law has emerged as a crucial framework, providing guidelines for the recognition and enforcement of insolvency-related judgments in different jurisdictions. Insolvency, representing a financial state where [...]
In the challenging landscape of 2023, the term 'Tuffnells Parcels Express Bankruptcy' has become a somber keyword for discussions around business resilience and continuity. The collapse of this erstwhile thriving delivery company has not only led to the unfortunate redundancy of over 2,000 employees but also served as a stark reminder of the fragility of [...]
In a move that has shocked many, Birmingham, the UK's second-largest city, has declared itself bankrupt. This announcement sent ripples across the nation, bringing to light the severe financial strain that local councils are facing. As insolvency experts, we’re here to unravel the complexities of this situation and explore why Birmingham has found itself in [...]
Liquidating assets in a CVL (Creditors’ Voluntary Liquidation) is a significant step for any business. It marks the point when a company, guided by an insolvency practitioner, opts to bring its affairs to an orderly end. The process can be complex, involving the disposal of business property and investments to meet creditor claims. This article [...]
