Carrick Read Latest News - April, 2020
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On 23rd April the Business Secretary Alok Sharma set out measures aimed to protect high street shops and other companies against aggressive rent collection. The use of statutory demands made between 1st March 2020 and 30th June 2020 and winding up petitions presented from 27th April 2020 and 30th June… Read more
Further radical changes to the insolvency rules are being considered by ministers. Schemes of Arrangement appear to be set for a radical overhaul allowing vulture funds (distressed debt investors) to overrule high-ranking creditors, such as traditional banks, if judges can be persuaded that it was in the best interests… Read more
The Temporary Insolvency Practice Direction (“TIPD”) came into force on 6th April 2020 and will remain in force until 1st October 2020. The purpose of the TIPD is to assist the court during the COVID-19 pandemic, trying to remove the need for parties to attend court in person and to make provisions… Read more