corporate restructuring

Zombie Companies - Has the Chancellor missed a trick?

Chris Laughton

December 03, 2011 10:21

In his quest for economic stimulus in the Autumn Statement, George Osborne failed to drive banks and borrowers to put the assets and resources of moribund businesses to good use. For many months now observers have commented on the zombie companies that clog up our economy. Adam Posen of the...

Share capital reduction - without court approval

helencain@mercerhole.co.uk

May 10, 2010 08:26

The Companies Act 2006 allows a corporate entity to reduce its share capital without court approval.

Landlords as creditors: tenant insolvency

Chris Laughton

April 01, 2010 08:51

Some landlords struggle with their position in administrations (especially pre-packs) and CVAs, as illustrated by the naturally landlord-centric perspective of insolvency given by the British Property Federation. Landlords are so used to their powers of distraint and forfeiture maintaining their...

Budget 2010: time to pay HMRC

Chris Laughton

March 24, 2010 16:40

The Chancellor said today in his Budget Speech, with reference to small businesses: "The improved time to pay scheme has helped businesses spread £5bn worth of tax payments over a timetable they can afford. Between them, these businesses employ over...

Pre-packs and insolvency tourism: the Government view

Chris Laughton

March 13, 2010 15:51

"Pre-packs are not the problem; the problem is the insolvency." So said Lord Drayson, The Minister of State, Department for Business, Innovation and Skills, in a House of Lords debate on Thursday 11 March 2010. He was responding to...