Included in this update: Corporate Insolvency and Governance Bill introduced to Parliament; FRC updates guidance on corporate governance and reporting and more...
Corporate Insolvency and Governance Bill introduced to Parliament
United Kingdom, Company & Commercial, Compliance Management, Insolvency & Restructuring, Addleshaw Goddard LLP, Corporate governance, Moratorium, Annual general meeting, Coronavirus, Financial Reporting Council
In Ziggurat (Claremont Place) LLP v HCC International Insurance Company plc [2017] EWHC 3286 (TCC) the court considered a claim under an amended ABI Model Form Guarantee Bond.
As a result of a bespoke clause the Contractor's insolvency was enough to trigger recovery under the Bond, but if a breach of contract was required, the Contractor was in breach of the contract by failing to pay the amount due to the Employer following insolvency.
United Kingdom, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, High Court of Justice (England & Wales)