John Alderton

Sep 16, 2024 | lexology.com | John Alderton |Devinder Singh |Charlotte Møller |Monika Lorenzo-Perez |Russ Hill |Vanessa Stuart

The below sets out key considerations when dealing with an extension of an administration at the end of the first-year anniversary. If you intend to extend the administration by consent, then you will need to consider whether any/all of the secured creditors have been paid in full since the start of the administration. The approach you take to obtaining consent is likely to differ depending on whether you have paid or unpaid secured creditors.

Jul 18, 2024 | squirepattonboggs.com | John Alderton |Monika Lorenzo-Perez |Devinder Singh |Helena Clarke

Categorisation of a charge as fixed or floating will have a significant impact on how assets are dealt with on insolvency and creditor outcomes. Typical fixed charge assets include land, property, shares, plant and machinery, intellectual property such as copyrights, patents and trademarks and goodwill.

Jul 18, 2024 | squirepattonboggs.com | John Alderton |Devinder Singh |Charlotte Møller |Monika Lorenzo-Perez

The below sets out key considerations when dealing with an extension of an administration at the end of the first-year anniversary. If you intend to extend the administration by consent, then you will need to consider whether any/all of the secured creditors have been paid in full since the start of the administration. The approach you take to obtaining consent is likely to differ depending on whether you have paid or unpaid secured creditors.

Apr 29, 2024 | lexblog.com | Rachael Markham |John Alderton

The UK Financial Conduct Authority (FCA has issued a consultation about proposed changes to its Guidance for Insolvency Practitioners. The aim is to clarify existing guidance and provide more information to insolvency practitioners (IPs) on how to deal with regulated firms.

Mar 20, 2024 | natlawreview.com | John Alderton

Following our previous alert, in which we highlighted an issue with entries relating to registered security maintained at Companies House being incorrectly updated to indicate that they had in fact been discharged without the awareness of the relevant company or security holder, it appears that some (potentially all) unauthorised filings have been – or are in the process of being – corrected. Is this good news? Yes, but with some reservations.