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    Rise in company insolvencies is a flag for directors to be mindful of duties
    2023-11-01

    The recent news on the BBC about the rise in insolvencies makes for tough reading. But those who are in business already know how difficult it is out there as they try to weather the trading conditions. Inflationary pressures are increasing the costs of providing goods and services to customers, eroding profitability.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Tax, Brodies LLP, Coronavirus, Insolvency, HM Revenue and Customs (UK), BBC, Insolvency Service (UK)
    Authors:
    Lucy McCann
    Location:
    United Kingdom
    Firm:
    Brodies LLP
    UK Insolvency Statistics Q2 2023: our analysis
    2023-10-18

    Analysis and Commentary on the Insolvency Statistics Q2 2023

    The quarterly insolvency statistics for April to June 2023 show that corporate insolvencies across the UK1 are at a 14-year high.

    Increased insolvencies appear to be continuing with the monthly statistics for both August and September 2023, showing corporate insolvency numbers were higher than the same month last year. July’s figures showed a slight decrease year on year.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Tax, DLA Piper, Coronavirus, Insolvency, HM Revenue and Customs (UK), BBC, Corporate Insolvency and Governance Act 2020
    Authors:
    Jonathan Richards
    Location:
    United Kingdom
    Firm:
    DLA Piper
    Trustee Quarterly Update - September 2023
    2023-09-01

    In this Update we take a look at key legal developments for trustees of occupational pension schemes over the past quarter. These include some important cases such as the decision in Virgin Media Limited v NTL Pension Trustees II Limited regarding the consequences of failing to obtain a section 37 certificate, and the decision in British Broadcasting Corporation v BBC Pension Trust Limited regarding whether a reference to members' "interests" in a scheme amendment power included the right to continue to accrue future service benefits.

    Filed under:
    United Kingdom, Compliance Management, Employee Benefits & Pensions, Environment & Climate Change, Insolvency & Restructuring, Litigation, Tax, Addleshaw Goddard LLP, Climate change, HM Revenue and Customs (UK), The Pensions Regulator (UK), BBC, Pensions Ombudsman
    Authors:
    Rachel Uttley , Jade Murray , Catherine McAllister
    Location:
    United Kingdom
    Firm:
    Addleshaw Goddard LLP
    PFI in perspective
    2018-01-22

    The collapse of Carillion, plus the publication of the National Audit Office’s (NAO) timely and perceptive report (www.nao.org.uk/wp-content/uploads/2018/01/PFI-and-PF2.pdf) on private finance initiatives (PFI) and Private Finance 2 (PF2), has sparked renewed public focus on the impact of such events on government finances. This has led to some scaremongering from the media:

    ‘PFI deals costing taxpayers billions.’ BBC, January 18

    Filed under:
    United Kingdom, Insolvency & Restructuring, Projects & Procurement, Globe Law and Business, BBC, Carillion
    Authors:
    Martin Blaiklock
    Location:
    United Kingdom
    Firm:
    Globe Law and Business
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