The Accountancy Investigation & Disciplinary Board (AIDB) has launched an investigation into the conduct of certain members of professional accountancy bodies who were involved in the events leading to the collapse of European Home Retail plc and Farepak Food & Gifts Ltd which left 150,000 customers short of £40m in hamper savings.
United Kingdom, Insolvency & Restructuring, Professional Negligence, RPC, Accounting, Public limited company
On 2 May 2007 the House of Lords ruled that the mere appointment of a receiver was not enough for a company to recover damages for business contracts that were allegedly lost as a result of that appointment.
United Kingdom, Insolvency & Restructuring, Litigation, RPC, Breach of contract, Interest, Solicitor, Intangible asset, Strict liability, Liquidator (law), Tangible property, House of Lords