The Burges Salmon blog

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COVID-19: Government announces insolvency law changes to give directors breathing space

Does the 3-month suspension of wrongful trading provisions, along with other measures, go far enough to enable businesses to weather the COVID-19 storm?

30 March 2020

Publication

Banking and Finance Team: Highlights (2019)

The firm's Banking and Finance team advised on over £5.1bn worth of deals in 2019
12 February 2020

Press release

Burges Salmon advises PwC as joint administrators of tReds on rescue sale to New Gray Ltd

The firm’s Corporate Restructuring team advised on the deal, which saved over 150 jobs across the UK shoe retailer’s 21 stores.

15 February 2019

Press release

Burges Salmon advises Causeway Capital Partners on Patisserie Valerie acquisition

The firm's Corporate Restructuring team advised Irish PE fund Causeway Capital Partners on its purchase of Patisserie Valerie, which has been bought out of administration.

14 February 2019

Beware of your intentions when declaring dividends

In BTI 2014 LLC v. Sequana SA & Others [2016], the High Court has held that a dividend can be challenged as a transaction defrauding creditors under section 423 of the Insolvency Act 1986.
11 November 2016

Publication

Collective redundancies: the risk of criminal prosecution

The decision to prosecute three former directors of parcel delivery firm City Link serves as a stark reminder of the importance of following the correct procedures in redundancy situations.
19 October 2015

Publication

The Budget 2014 ; the impact of flexible pension drawdown on bankrupts

While the 2014 Budget's introduction of greater flexibility into pension drawdown is welcomed, it's unclear if the government has considered its ability to amplify the effects of recent case law.
13 May 2014
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