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14 May 2010 | ABUSE - PRE-PACK ADMINISTRATION
The concept of a pre-pack administration is not new but its use is growing. It is a procedure in which the sale of a struggling business is agreed before the company is put into Administration.
21 April 2010 | K2 Partners
K2 Business Rescue Launches Survival Guide. A new reference guide called "A Practical Guide for Directors, Executives and Advisors" has been produced by K2 Business Rescue. The Guide outlines the duties and responsibilities of directors, with specific emphasis on business survival, and lists those statutory obligations that are normally carried out by a company secretary on behalf of the directors.
21 January 2010 | Ruling by the High Court on how administrators must deal with rent
Goldacre (Offices) Limited V Nortel Networks UK Limited (in administration) [2009] EWHC 3389(Ch) has decided that if an administrator uses leasehold property for the benefit of the administration, rent will rank as a mandatory expense of the administration.........