The powers of provisional liquidators are generally as set out in the order appointing them. In longer running provisional liquidations, this can lead to multiple trips to court by the provisional liquidators to extend or confirm powers. In Re Versilia Solutions Limited[1] the High Court considered the scope of provisional liquidators’ powers in circumstances where, … Continue Reading
As practitioners will know, when dealing with a sale of an insolvent business they will have to consider whether the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) applies. TUPE applies to transfers of businesses or undertakings (or parts of them). If there has been a relevant transfer under regulation 3 of TUPE, then … Continue Reading
