Tag Archives: Insolvency Proceedings

Continuity of supply of essential services to be guaranteed during business recovery (UK update)

Following a consultation on the issues last year, an Order was laid before the UK Parliament on Monday (9 February 2015) to prevent suppliers of water, gas, electricity, communications services and IT from cutting off supply or charging premium rates while insolvency practitioners seek a viable solution to rescue a business. The new rules were … Continue Reading

New Practice Direction on Insolvency Proceedings

On the 29th June 2014, the new Practice Direction on Insolvency Proceedings (‘2014 Practice Direction’) came into force. Below, we list some of the main changes made. The 2014 Practice Direction replaces previous versions of the Practice Direction on Insolvency Proceedings, save for Practice Direction 49B (relating to winding up petitions brought by contributories). In … Continue Reading