Recientemente, en sus sentencias de fechas 13 de marzo de 2018 y 3 de abril de 2018, el Tribunal Supremo se ha pronunciado acerca de la interpretación del contenido en el artículo 174.5 de la Ley 58/2003, de 17 de diciembre, General Tributaria (en adelante, “LGT”), relativo a la legitimación del responsable tributario para impugnar, con ocasión del recurso frente al acuerdo de derivación de responsabilidad, la liquidación en que tiene su origen dicho acuerdo.
El Tribunal Supremo ha declarado que la responsabilidad solidaria de los administradores sobre la base del art. 367 LSC subsiste, aunque el acreedor conozca, al contratar, la situación de insolvencia de la sociedad. El mero conocimiento de dicha situación por parte del acreedor no es suficiente para acreditar su mala fe al reclamar las deudas a los administradores y, por tanto, estos siguen siendo solidariamente responsables por no promover la disolución si las pérdidas determinaron que el patrimonio neto quedara por debajo de la mitad del capital social.
The new Insolvency Practice Direction came into force on 25 April 2018. Some of the key changes to the Practice Direction include:
British department store House of Fraser have announced plans to close 31 stores across the UK, placing thousands of jobs at risk. Proposals have been filed for Company Voluntary Arrangements ("CVA") of House of Fraser (Stores) Ltd and House of Fraser Ltd which it claimed are central to the significant restructuring of the business.
In May, it was announced that the parent group of House of Fraser would sell a 51% stake to the Chinese owner of Hamleys, C.Banner International, who would inject £70 million into the business.
The Facts
The case concerned an application made by the Liquidators of a BVI incorporated company, Peak Hotels and Resorts Limited ("Peak"). The application was intended to determine the effectiveness of a charge granted by Peak to Candey Limited, Peak's former solicitor.
Peak was the holding company of a joint venture vehicle that became the subject of lengthy international litigation proceedings following the breakdown of relations between the joint venture partners and shareholders. Candey acted for peak in the litigation.
Background
Avanti Communications Group PLC ("Avanti") are a satellite operator headquartered in London, with subsidiaries across Europe and Africa, providing fixed satellite services in Europe, the Middle East and Africa.
Avanti had issued Senior Secured Notes maturing in 2021 and 2023 and had borrowed under a senior term loan. Due to delays associated with two of Avanti's satellites, Avanti experienced financial difficulties, with a materially over-leveraged capital structure.
David Pomeroy, partner and head of the restructuring and insolvency team at Bristol law firm Ashfords, shares his thoughts on how the city's high streets will need to evolve in order to survive
Every week we see a report of another major high street retailer on the brink. Mothercare is the latest to announce restructure plans and RBS has announced the closure of many of its high street branches, including Clifton.
They follow hot on the heels of brand names such as Jamie’s Italian, Maplin, Toys R Us, Byron, Prezzo and New Look closing or scaling back.
La responsabilidad solidaria en el pago de deudas tributarias por parte de quienes colaboren en la ocultación y/o transmisión de bienes con la intención de sustraerlos al procedimiento ejecutivo de cobro –impidiendo así su embargo– ha sido recientemente objeto de análisis por parte del Tribunal Económico Administrativo Central (“TEAC”).
Cambridge Analytica, the data analytics firm at the centre of the Facebook data scandal, is closing its doors and commencing insolvency proceedings. The company has been unable to recover from the bad press coverage and large legal fees in dealing with the aftermath of the Facebook data breach allegations.
The Facts
Mr Reynard, a bankrupt, made an claim against his Trustee, Mr Fox. Mr Reynard acted in person at all times and issued proceedings at the county court money claims centre for breach of contract and negligence, asserting that his Trustee had failed to assess potential claims properly and had incorrectly valued the claims, and therefore had failed to take action.