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Restructuring and Insolvency

Crown preference – The impact on insolvencies and business rescue

HM Revenue & Customs Letter with money on top

Unfortunately we’re not talking Netflix recommendations here, although some may say that would make for a much more interesting article… Crown preference relates to how business debts are treated on insolvency, which has implications for business rescue at most (if not all) levels of the market, from struggling businesses to lenders. As of 1st December…

Assigning Claims to Creditors

Buisness Pie Charts

What is an Assignment? An assignment is the transfer of a right from one party to another. A cause of action by which a party may be able to enforce a right is a chose in action and, in principle, is capable of assignment. Generally speaking a cause of action cannot be assigned if that…

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