As the Coronavirus outbreak evolves so too does its impact on businesses however large or small. The UKs high street banks have been united in their response to such businesses and help is being offered in numerous ways - here are just some of the options for businesses.
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Latest Insolvency articles
The UK Government has announced of a package of support aimed at helping businesses through the current period of disruption. Here, Harper Macleod's Head of Banking, Tony Cameron, and Restructuring specialist Gordon Hollerin look at what this might mean for businesses, particularly in terms of accessing additional funding.
Harper Macleod Partner James Lloyd, who represented the successful party, reflects on the implications for insolvency practitioners of the decision in Carnbroe.
The Supreme Court judgment in MacDonald and another v Carnbroe Estates Ltd has reframed the remedies available to the court when there has been a transfer at undervalue. Harper Macleod LLP represented the joint liquidators in this action, successfully arguing that the transaction should be reduced as a transfer at undervalue.
A gratuitous alienation is a transfer of property from a debtor to another party for no consideration or an inadequate consideration. A recent Supreme Court ruling found that a series of conveyances of properties some nine months before the sellers went into administration was an attempt to divert assets away from creditors.