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JulWhen a winding up petition has been issued, any disposition of assets made after that date is void. This can mean that payments to suppliers, who are unaware of the petition as it may not have been advertised, can be recovered by a liquidator. Section 127 of the Insolvency Act 1986 allows the Court to validate such […]
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DecIt began in 2012, when the Solicitors’ Regulatory Authority (SRA) introduced a new requirement for insurance firms to disclose their credit rating in order to be accredited for providing Professional Indemnity (PI) Insurance to the legal profession. The PI renewal date is October 1 each year and last year the SRA operated an Extended Policy Period (EPP),[…]
