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cross-border insolvency

How cross-border insolvency works in practice

Decades of increasing globalisation and the dominance of ever more complicated multi-national corporate groups have meant that even quite small and otherwise straightforward UK businesses have international relationships that become far more problematic in an insolvency scenario. The issues may concern an unpaid receivable, a key supplier relationship, an overseas joint venture or a foreign subsidiary. Tangible assets may located

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change in the hotel industry

How is the hotel industry being forced to change?

According to a 2024 Bismart report the global hospitality market is on track for remarkable expansion in the next three years, projected to reach $1,063 billion by 2028, a strong compound annual growth rate (CAGR) of 10.24% since 2022. This surge is being driven by a range of factors: increased travel demand, higher disposable incomes and a resurgence in both

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Staffing challenges in the hotel industry

Staffing challenges in the hotel industry

Unfortunately, there is a maddening lack of meaningful sub-analysis of employment data for the hospitality sector, but there’s little doubt that the hotel industry has more than its fair share of the many problems with staffing across the economy as a whole and a significant part of the 100,000+ unfilled hospitality vacancies. Indeed, the issues have become sufficiently serious to

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What does a new Labour government mean for business

What does a new Labour government mean for business?

Thursday, July 4, 2024, was not just another Independence Day for the US; it marked the end of one political era and the beginning of what was promised throughout the election campaign to be a very different one. We are still in the very early honeymoon phase of the new regime, but already, the intended shape of future economic policy

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consulting with an insolvency practitioner

What happens if I consult an Insolvency Practitioner?

There are so many misconceptions about talking to IPs about a business’s problems that it’s hard to know where to start with de-mystifying the process. The two immediate fears are how much will it cost and won’t they simply want to push my company into liquidation to earn a quick fee? The first question is easy to answer. The initial

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different insolvency regimes around the world

Why do insolvency regimes differ so much around the world?

Trade has grown increasingly global in recent decades, generating greater volumes of cross-border issues. Some of these inevitably need resolving through some form of restructuring or insolvency process. Unfortunately, not everything can be settled on a consensual basis. The trouble is, the deeper one dives into the world of international insolvency, the more obvious it becomes that insolvency regimes are

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