Insights

A statutory moratorium is a legal protection for companies entering into administration.

As businesses face insolvency, the disposal of assets in distressed sales can often become a reality. In the current economic climate, we have seen a noticeable increase in the number of distressed sales and have acted for many purchasers who have been burnt in the process.

It will come as no surprise that there is a direct correlation between mental health disorders such as depression and anxiety and bankruptcy.

A solvent liquidation can be used as a tax-efficient way for shareholders of successful businesses to extract capital as part of a wider exit strategy.

Lauren Hartigan-Pritchard, Legal Director and Head of Restructuring & Insolvency at Higgs LLP, spotlights a significant case involving a misfeasance claim brought against the directors of a liquidated company.