Latest News - Griffins

Insolvency Firm Employees and the New Code of Ethics

05/03/2020 03:05 PM

The ICAEW has published the new Code of Ethics for Insolvency Practitioners which will come into effect on 1 May 2020. Much of the changes in the 69 page document are to the presentation rather than the substance. The familiar five Fundamental Principles remain untouched, as do the five main threats.

Trevor Slack makes the case for Z scores in wrongful trading cases and other litigation.

28/02/2020 12:19 PM

Thanks to R3’s Recovery News for publishing Trevor's article on Z scores.

ICC Judge Barber hands down a decision which considered, for the first time, the question of what director’s duties survive the insolvency of a Company.

21/01/2020 12:30 PM

On 21 January 2020 ICC Judge Barber handed down a decision which considered, for the first time, the question of what director’s duties survive the insolvency of a Company.

Time is Just the Start

30/10/2019 09:00 AM

Following on from my previous article about the attempts for the joint administrators of Nortel Networks France to get their remuneration approved by the court when there were no longer any creditors to approve it.

The Costs of Having Fees Assessed by Court

21/10/2019 09:00 AM

Those who have attended either of the Griffins seminars this year will have heard me talk about our experience as experts in the assessment of insolvency practitioner’s fees for acting as office-holders and how the costs of the final court determination frequently mean that finding a settlement is the best approach for all involved.

Griffins appointed Administrators to Miller Gardner Solicitors

06/10/2019 09:00 PM

On 10th May 2019 Stephen Hunt and Kevin Goldfarb were appointed Joint Administrators of Miller Gardner Limited, a firm of solicitors trading from the Stretford area of Manchester. The firm specialises mainly in PPI-type claims.

Griffins appointed Administrators of Supercapital Limited

01/10/2019 09:00 AM

On 12 September 2019, Supercapital ceased to provide any regulated business and Supercapital has updated its website to this effect.

Income Payments Orders are Provable in a Second Bankruptcy

01/08/2019 09:00 AM

The statutory lacuna over the effects of a second bankruptcy order on an existing Income Payments Order (“IPO”) has been filed by the Court of Appeal in Azuonye v Kent [2019] EWCA CIV 1289. The end result, that the IPO payments become debts provable in the second bankruptcy, seems to follow logic but it is of interest how the Court of Appeal worked through to that conclusion.

Griffins appointed as Liquidator of Total Debt Relief Limited

09/11/2018 12:41 PM

On 31 October 2018, the Financial Conduct Authority (FCA) successfully petitioned the High Court for Total Debt Relief Limited (TDR) to be wound-up in the public interest.