A new SIP 13 will be effective for insolvency appointments from 1 December 2016, providing mandatory guidance about the sale of assets to connected parties, how this should be managed…
Opting out. S246C and S248A Insolvency Act 1986, 1.36 - 1.39 Insolvency Rules 2016. Creditors remain the key decision makers in insolvency but from 6 April 2017 insolvency office holders…
Legislation such as the Bribery Act 2010 is correctly greeted by the insolvency profession with concern to make sure that it is properly understood and to ensure that compliance with…
Compliance for an insolvency practitioner is most simply defined as doing a good job but the work of an insolvency practitioner includes a wide variety of tasks. Some of the…
Dear IP 78 was issued a few days ago and gives information about the Insolvency Service website, applications for block transfers of cases and practical advice about the Court of…
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR2017) have been effective since 26 June 2017. A brief consultation period on the draft…
Compliance with SIP 9, approval of remuneration and disbursements are right at the top of the list of regulatory priorities for all insolvency practitioners and RPBs. In spite of this…
Insolvency practitioners are long used to the legal procedure of creditors’ meetings as the way in which creditors, the key players in the insolvency process, make vital decisions about a…
Disguised remuneration schemes, whereby a director or self employed person is remunerated by means of payments described as a loan but which is understood never to be repayable, have been…
The Terrorism Act 2000 (TA) and the Proceeds of Crime Act 2002 (POCA) brought money laundering and compliance with anti money laundering legislation into the daily work of insolvency practitioners.…