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    Changes to insolvency procedure
    2011-02-17

    A number of changes have been made to insolvency procedure to remove various discrepancies and controversial practices:

    Filed under:
    Bulgaria, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Bankruptcy, Costs in English law, Debtor, Debt, Secured creditor, Capital punishment
    Authors:
    Atanas Bangachev , Desislava Vasileva
    Location:
    Bulgaria
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Administration extension applications to be issued 6 weeks before expiry of administration
    2011-02-14

    CMS Cameron McKenna has learned that Registrars at the Companies Court in London have indicated that they now require applications for the extension of an administration to be issued at least 6 weeks before the administration is due to expire, unless there are "unusual reasons" justifying a later application. It is not yet clear what "unusual reasons" might mean in practice.

    Filed under:
    United Kingdom, Insolvency & Restructuring, CMS Cameron McKenna Nabarro Olswang LLP, Solicitor
    Authors:
    Vanessa Whitman
    Location:
    United Kingdom
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP

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