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Restructuring & Insolvency

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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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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monthly overview

July 2024 economic and business overview

More mixed news on the economy amid the chaos of the election campaign As during any election campaign, it’s usually best to avoid all media interpretation of economic statistics amid the swirl of reckless hyperbole and the plethora of highly questionable ‘facts’ being peddled by all political parties in their frantic efforts to win over voters. The savage rebuke issued

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monthly overview

June 2024 economic and business overview

Economic signals are still mixed but positive overall With the release of many more positive economic announcements in recent weeks, has the UK economy finally turned a corner as the government and the Bank of England are suggesting, or are we all getting ahead of ourselves? Only time can answer this question, but many, although not all of the signs

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