Our recent updates have explained the rise in instances of fraud and the civil litigation options open to victims of fraudulent conduct.
United Kingdom, Scotland, Company & Commercial, Insolvency & Restructuring, Litigation, Brodies LLP, Coronavirus, Companies Act 2006 (UK)
Due to the ongoing COVID pandemic and associated economic downturn, the number of companies facing the prospect of insolvency, or being struck off the Register of Companies, is increasing daily. Whilst the rules on striking off have been relaxed by Companies House where late delivery of accounts etc has been caused by COVID, these are only temporary measures. Indeed, the compulsory striking off process has recently resumed for companies that Companies House don’t consider are currently operating, so it may be that normal practice isn’t far away.