Section 110 of the Insolvency Act 1986 allows a liquidator to accept shares in a new company or companies as part or full consideration for the transfer of the whole or part of the business of the company in liquidation. This process can be used...
Read more...Wrongful trading In these uncertain times, a director of a limited company needs to take extra care, especially when the company becomes unable to avoid liquidation. When a company is insolvent*, the director’s primary duty of care is to the...
Read more...With Blockbuster following HMV, Jessops and Comet into Administration in the last three months with the loss of thousands of jobs and the threat of further job losses in the retail sector there has been considerable news coverage given to the fate...
Read more...