#winding-up

We recently represented a client and successfully secured a swift payment of unpaid invoices plus full legal costs from the debtor company. Our recent case study demonstrates how expert legal strategy and prompt action can achieve complete debt recovery plus substantial legal costs, even when debtors claim ownership changes absolve them of liability.                Our client, a nursing staff…

We recently successfully represented a client in a complex insolvency dispute that demonstrates how proper legal strategy can overcome sophisticated debtor tactics. This case showcases our expertise in challenging improper interim injunctions and securing full recovery for creditors facing well-resourced attempts to abuse the insolvency process. Our client successfully recovered over £400,000,…

HHJ Kramer in the case The One Collection Real Estate Ltd v Insolvency & Law Ltd [2023] EWHC 2673 (Ch) has set out guidance for the issuance and hearing of winding up petitions, emphasising the importance of choosing the jurisdiction with the closest links to the case. This ruling challenges the common approach of issuing all proceedings in London, underlining that such a one-size-fits-all policy…

In the world of commerce, disputes often escalate to the point where serious legal intervention becomes necessary. In a resolute pursuit of financial accountability, Khubi Solutions Limited has taken a proactive step by petitioning the Companies Court to wind-up (shut down) Cheza Gaming Limited for its failure to pay an alleged 55 million Kenyan Shillings debt. If you have an unpaid judgment or…

By Vince Sliwoski, Attorney at Harris Bricken Most cannabis companies are not wound up properly, some cannabis companies (and their owners) suffer repercussions for this, and all cannabis companies (and their owners, and investors!) are well served by an orderly wind-up. This blog post will cover some basics on the cannabis business wind-up process. First, though, I want to address a point of…

On 8th March 2023, the High Court of England and Wales dismissed a winding-up petition in Moorwand v K Wearables [2023] EWHC 410 (Ch), against a company, citing a genuine dispute on substantial grounds of an unpaid debt of £500,000. The case highlights the legal principles surrounding disputed debts in winding-up proceedings and the role of the court in determining whether a debt is genuinely…

Surge in UK Insolvencies

According to market participants, a combination of economic circumstances, pandemic aftereffects, and widespread carelessness among company directors has resulted in a large increase in the number of UK insolvencies. This could potentially lead to a heap of claims against company directors for failing to protect the interest of the company and its creditors. According to recent Insolvency Service…