Technical Update August 2013

This technical update contains the following:-

• SIP 15

CASE LAW
• FSD is not an expense in Administrations but a
provable debt
• Ability to enter into Scheme of Arrangement in
foreign jurisdiction
• Finance companies right to enforce, not barred by
proving
• Globespan confirmed

LEGISLATIVE UPDATE
• Execution and distraint for commercial rent
• Consumer Rights Bill
• Insolvency Reforms

GENERAL INFORMATION
• Corporate or Personal Insolvency Licence
• Updated land registry guides amended
• CT in Administration
• Consumer Credit Licence

Technical update 8 2013