Insights: Insolvency practitioners

What Are Fixed Recoverable Costs? Fixed Recoverable Costs (“FRC”) are the fixed amount of legal costs which the successful party…

Ward Hadaway recently submitted a detailed response to a Ministry of Justice (MoJ) consultation on the UK’s accession to the Hague Convention 2019, encouraging the Government to sign up as soon as possible.

The Insolvency Service announced on the 5th September that it would be increasing the Official Receiver's Deposit on all creditor instigated bankruptcy and compulsory liquidation proceedings.

The licensed trade has had a tough couple of years. Even well-known high street brands have struggled to survive, and many have disappeared.

After a very long wait for creditors during a difficult economic period, the restrictions placed on Winding Up actions, introduced in response to the Covid-19 pandemic, have expired on 31 March 2022.

With restrictions now eased we are perhaps beginning to see the cost and effect of the pandemic on businesses starting to emerge, with the total number of corporate insolvencies now back at levels similar to those we saw pre-pandemic.

During the Covid-19 pandemic there have been several government support measures to help support businesses.