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Briefing quick find:

The sting in the tail in the Finance Act 2020

The sting in the tail in the Finance Act. Are the walls closing in on key stakeholders? The Finance Act 2020 (“Act”) came into force on 22 July 2020 bringing with it the re-introduction of the Crown Preference (See Changes to…

Changes to The Return of Crown Preference

On 1 December 2020 the government enacted the Finance Act 2020 (The Act) bringing with it the return of Crown Preference. We are already seeing the wide-ranging ramifications not just for creditors in insolvency proceedings but also for those businesses…

Carillion goes into liquidation – What happens now?

The collapse of the UK’s second largest construction company, Carillion, was not particularly surprising given recent profit warnings and debts believed to be in the region of £1.5 billion. What happened to Carillion It was rumoured over the weekend that in the…