Winding up in UK Law
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Just and equitable: Winding up quasi-partnerships
CHU v LAU [2020] UKPC 24 - The Judicial Committee of the Privy Council has provided clarification on the grounds for winding up a quasi-partnership on just and equitable grounds under the insol...
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No-deal Brexit: reorganisation and winding up of insurers
As part of its planning for a no-deal Brexit, on 30 November HM Treasury published a draft of the Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) ...
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No-deal Brexit: reorganisation and winding up of insurers
Introduction As part of its planning for a no-deal Brexit, on 30 November HM Treasury published a draft of the Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendmen...
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(UK) Moratoriums – a New Stay on Winding Up Petitions?
In a recent decision that will add some welcomed clarity to the imposition of Part A1 moratoriums over companies which have been presented with a winding-up petition, the High Court has reflected o...
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(Guernsey) Striking Off and Winding Up Guernsey Companies
Under the Companies (Guernsey) Law, 2008 (the "Companies Law") there are two procedures available for the voluntary dissolution of a Guernsey company. A Guernsey company may be dissolved either by ...
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(UK) Restrictions on Winding Up Petitions to Lift – But Not for All
The UK Government has today indicated what will happen at the end of the month, when the temporary restrictions on winding up petitions are due to lift. Firstly, restrictions on winding up petition...
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The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2018
On 30 November 2018, HM Treasury published a draft of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2018 together with an explan...
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Temporary Ban on Statutory Demands and Winding-Up Petitions Extended (UK)
The temporary restrictions that prohibit winding up proceedings where non-payment is COVID-19 related, and restrict petitions based on unsatisfied statutory demands, that would have come to an end ...
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"Final extension" of temporary prohibition on filing statutory demands and winding up petitions
In a not unexpected move with restrictions on the general public expected to remain well into the New Year the Government has extended the protections for commercial tenants and the restrictions on...
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UK court provides further clarity on the ‘coronavirus test’ for winding up petitions
The case of Newman v Templar Corp Ltd [2020] EWHC 3740 (Ch) came before the courts in December 2020 and provides a helpful example as to when a winding up petition can overcome the ‘coronavirus tes...
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