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

Technical Update June 2013

This technical update contains the following:-

• SIP 16 draft & SIP 12
CASE LAW
• Agreement to pay instalments excluded right of set-off
• Court will not extend administration where exit was dissolution
• Mortgagee’s duty of care
• Duty of IP to sell for value
• Test of insolvency
• Consent from FCA filed day after notice of intention
• Use of s426 to obtain administration order
LEGISLATIVE UPDATE
• Enforcement under the New Civil Procedure Code
• Energy Supply Company Administration Rules 2013
GENERAL INFORMATION
• Consumer Credit Licence
• Progress report in MVL
• National minimum wage
• Health and Safety for IPs
• JIEB Resits 2013

Technical update 6 2013

Technical Update May 2013

This technical update contains the following:-

• SIP 3 Draft & SIP 16 Draft
CASE LAW
• De facto director
LEGISLATIVE UPDATE
• Consumer Credit Licence
• Minimum consultation period with employees reduced
• Late payment of debts
• EU regulation on Insolvency proceedings
• Consultation for payment and settlement systems
GENERAL INFORMATION
• Money Laundering: ICAEW
• Updated guidance at Companies House
• Updated guidance from IS to be issued with RP1
• Republic of Ireland Insolvency Service on-line
• Outsourcing closing cases

Technical update 5 2013