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Restructuring & Insolvency

11 June 2020

The emperor’s new clothes or sweeping reform? The Corporate Insolvency and Governance Bill

The Corporate Insolvency and Governance Bill received its first reading in the House of Commons on 20 May 2020, several months after Alok Sharma first announced what we expected to be the biggest changes to insolvency law in decades.

7 May 2020

Fraud Unravels All?

In the recent case of Georgallides –v- Secretary of State for Business, Energy and Industrial Strategy [2020] EWHC 768 (Ch), the High Court grappled with the question of how the maxim “fraud unravels all” should apply to disqualification undertakings given pursuant to Section 8A of the Company Directors Disqualification Act 1986 (“the CDDA”).

Richard Clayman

15 April 2020

Civil Fraud Quarterly Round-Up: Q1 2020

A Civil Fraud quarterly round-up (1st quarter 2020)

Mary Young

15 April 2020

Liquidation and Fiduciary Duties: No Rest for (the Wicked?) Directors

In Hunt (as Liquidator of System Building Services Group Ltd) v Michie & Ors [2020] EWHC 54 (Ch), ICC Judge Barber has confirmed that directors of insolvent companies remain subject to fiduciary duties, even after those companies enter into an insolvency procedure.

Richard Clayman

31 March 2020

The Maserati Fraud

In the recent case of Sell Your Car With Us Limited v Sareen [2019] EWHC 232 (Ch) the Insolvency Court were asked to determine whether the ultimate victim of an email hacking fraud, Mr Sareen, was liable in contract and/or tort to Sell Your Car With US Ltd (the “Company”) for causing the fraud by failing to take reasonable care over the security of his emails and/or take reasonable control over his email security.

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