An English law Limited Liability Partnership (“LLP”) is one of the structures available to those setting up or running a business. As its name suggests, it is a vehicle that combines some features of a
A perfect storm of factors is creating unwelcome pressure for many UK companies this year. From the war in Ukraine to inflation, businesses face a range of challenging circumstances which may be the catalyst for
Druces takes great pleasure in announcing that Caroline Cropley has been promoted to Head of Corporate Restructuring. Over eight years at Druces, Caroline has developed a focus and specialism in corporate restructuring work, and, in
CIGA came into force in June 2020 with a number of temporary measures in response to the COVID-19 pandemic. A key measure, introduced by CIGA, was the restriction on using the winding-up process. Restrictions on
Company administration is a formal insolvency procedure designed to rescue a company. The Insolvency Act 1986 (“the Act”) provides that an administration period will automatically come to an end after one year unless the administrator
The UK Government’s new insolvency measures are broadly designed to provide businesses affected by the Covid-19 pandemic with breathing space and to enable them to keep trading during lockdown without having to enter a formal
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