Carrick Read Latest News - July, 2020

You are viewing all recent posts from July, 2020. To return to the front page, click here.

The Finance Act 2020 receives Royal Assent

The Finance Act 2020 receives Royal Assent

The Finance Act 2020 received Royal Assent on the 22 July, confirming the government’s intention to restore HMRC as a secondary preferential creditor on insolvency. From 1 December 2020 HMRC’s claim will sit ahead of floating charge holders and unsecured creditors reducing the monies available for other creditors in an… Read more


Guidance on lodging and admitting proof of debt

Guidance on lodging and admitting proof of debt

The case of Re  Rochay Productions Ltd [2020] EWHC 1737 (Ch) provides useful guidance to those both lodging and admitting proofs of debt at creditors meetings.   Opus Art Limited brought an application to the court challenging the admission of a proof of debt lodged by Rochay Elite Limited at… Read more


Case Law Update: Manolete Partners plc v Ellis

Case Law Update: Manolete Partners plc v Ellis

The decision in Manolete Partners plc v Ellis has recently been published here   https://www.bailii.org/ew/cases/EWHC/Ch/2020/1674.html   The decision deals with and provides a review of wrongful trading, preference and transactions at an undervalue and also touches upon directors duties. It is interesting due to the fact that two of the… Read more