The legal pitfalls to be aware of Businesses fail for all sorts of reasons, some within the control of the entrepreneur behind them, others because of a variety of external factors. Most failures will end with at least some debts unpaid and with the company going into Liquidation, possibly after an attempt has been made first to rescue it through
As we all know, most early stage tech and other high growth businesses are often reliant on equity funding, typically from institutions (such as VCs), or family offices, high net worth investors and crowd-funding platforms. These rapidly-developing businesses are generally in a perpetual state of fund-raising, as they grow towards gaining sufficient traction in the market to make them profitable
International co-operation in the coronavirus crisis Globalisation has been with us for decades, bringing new and troubling dimensions to even relatively small insolvency cases and for the insolvency practitioners handling them. Suddenly, they were dealing with UK businesses with assets abroad and all manner of creditors and stakeholders in wild and wonderful places, all with no status or powers in
Landlords Grow Rich in their Sleep . . . So said the 19th century British philosopher, John Stuart Mill. You could add the thoughts of the American steel magnate and philanthropist, Andrew Carnegie: “Ninety percent of all millionaires become so through owning real estate.” Or do they? In the extraordinary circumstances created by Coronavirus, it looks increasingly like there are
The Show Must Go On – Surviving Coronavirus Armageddon for the world of arts and entertainment came as the government unveiled a series of the crisis management version of the coup de théâtre. First people were told to stay away from places of entertainment, then days later each and every one of our cinemas, theatres and live music venues was
There are so many survival options for restauranteurs The stress and worry for owners of restaurant and pub businesses and their staff is unimaginable right now. Even before the last two week’s dramatic events, turnover at restaurants had plummeted in the first two weeks of March, then BANG, the Government does its best to destroy your business with two appallingly bad
