Our specialists explain what director disqualification is, the consequences of it and the Insolvency Service’s investigations into a director’s conduct of an insolvent company.
Company directors have legal duties and responsibilities when dealing with the affairs of a company.
Introduction
Une question pratique récurrente dans les procédures d’insolvabilité concerne la manière dont le créancier peut prouver qu’une facture a bien été communiquée au débiteur. Dans une décision récente, le tribunal hongrois a examiné si des captures d’écran tirées d’un système de facturation électronique suffisent à prouver la remise et la prise de connaissance d’une facture, en l’absence de preuve postale traditionnelle. Dans notre article, nous analysons cette décision.
1. Faits de l’affaire
The Supreme Court of New South Wales has clarified the circumstances in which a liquidator may recover deposit funds paid to a third party and the extent to which a counterparty may rely on the good-faith defence under section 588FG of the Corporations Act 2001 (Cth).
It is a recurring practical issue in insolvency proceedings how the creditor may prove that an invoice was duly communicated to the debtor. In a recent decision, the Hungarian court examined if screenshots taken from an electronic invoicing system suffice to prove delivery and awareness of an invoice, in the absence of traditional postal proof. In our article we analyse the decision.
1. Facts of the case
Introduction
In a recent decision, the Employment Appeal Tribunal (EAT) provided useful clarification on how TUPE operates in insolvency scenarios when a provisional liquidator is appointed. The judgment confirms that the TUPE exception for terminal insolvency proceedings can apply earlier than some employers and buyers may expect, with the result that employee transfer protections may be disapplied before a winding-up order is made.
TUPE and insolvency
It has recently been reported in the press that the project company for England’s largest Private Finance Initiative (PFI) contract is going into liquidation, affecting 88 schools in Stoke-on-Trent.
In early November 2025 one of the biggest UK’s largest private building control firms Assent Building Control Compliance Limited, along with its subsidiaries Oculus Building Consultancy Limited and LB Building Control Limited, (together “Assent”) ceased trading and subsequently entered liquidation. The collapse of such a major player in the building control sector will likely have wide ramifications throughout the whole construction industry, and particularly for HRB developments and the BSR’s Gateway 2 Application process.
The Judicial Committee of the Privy Council in CL Financial Ltd (in Liquidation)[1] has provided helpful guidance on applications for approving liquidators’ remuneration.