Technical Update December 2013

This technical update contains the following:-

• Draft SIP 3 CVAs

CASE LAW
• Court’s view on Trustee’s costs
• Administrators may make redundancies for economic
reasons
• Adjudication of pre-CVA debt
• EC regulation, COMI and provisional liquidators
• S238 requires the company to enter into the transaction

LEGISLATIVE UPDATE
• Protected Trust Deeds Scotland

GENERAL INFORMATION
• Guidance on Fees and Ethics
• FSA guidance on selling of interest rate hedging
products
• Urgent applications
• PPI claims and tax on interest
• Guidance for PPI in Trust Deeds & Sequestrations
• PVA and RPO claims
• JIEB & CPI Courses

Technical update December 2013

Technical Update October 2013

This technical update contains the following:-

CONTENTS
• Draft SIP 16 update and SIP 11
CASE LAW
• Administration order not granted as condition para 11(b)
not met
• Court dispenses with need to call a meeting and send a
proposal in administration
• Liquidator forced to trial
• False documentation does not evidence charge was a
sham
LEGISLATIVE UPDATE
• Rules Modernisation
• Protected Trust Deeds (Scotland) Regulations 2013
• EU Liquidation & Insolvency Register
• Changes to the Companies Act 2006
GENERAL INFORMATION
• Further clarification on Paymex from HMRC
• North London Insolvency CPE Group
• JIEB & CPI 2014
• JIEB Senior Moderator

Technical update 10 2013

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