What a difference a day makes…

What a difference a day makes…

Notice punctuality is much more than a virtue for IPs. Many actions by office-holders (or directors in respect of prospective appointments) require the delivery of a notice to categories of persons (typically creditors), providing certain specified notice periods. The Insolvency (England and Wales) Rules 2016 formalised the rules around notice, deemed date of delivery and […]
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Insolvency (Scotland) Rules: Statutory Declarations

An aim of the new Rules is to modernise the language of the statute. One of the terms that we wave goodbye to is affidavit, and in its place comes statutory declaration. The language might not be ancient Latin, but it’s still an old and well-established piece of statute that sits behind it, stemming as it […]
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Insolvency (Scotland) Rules: Nomination Process

The new Rules will come into force on Saturday 6 April 2019. We will be keeping you posted where we can on interpretations and issues in the period of their introduction. First up, we’ve walked through the nomination process to have a look at the timescales involved where an interim liquidator, appointed on 8 April 2019, […]
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MVLs in Scotland – the law of unintended consequences?

Eileen Maclean has been hot on the heels of the new Insolvency (Scotland) Rules and suggests there could be risks for liquidators and members in MVLs. Scotland’s new corporate insolvency Rules, the Insolvency (Scotland) (Company Voluntary Arrangement and Administration) Rules 2018 and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (the new Scottish Rules) […]
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Take the hassle out of ensuring your checklists and document packs are new-Rules-compliant

Have you updated your checklists and document packs in time for the introduction of the new Scottish Insolvency Rules on 6 April 2019? Our new-Rules-compliant standard documents are available to order now, for delivery early/mid March, ready for the new legislation commencement date. As we have been highlighting on our New Rules courses, there are […]
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We’re speaking at R3’s Series of SPG Technical Reviews

Insolvency Support Services’ Eileen Maclean and Alison Curry are looking forward to speaking at R3’s series of SPG Technical Reviews, specifically designed for insolvency and restructuring professionals in small and medium-sized practices, in the next few months. Their practical, focused sessions will cover the new Scottish Insolvency Rules, highlighting key changes and differences to the […]
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New Scottish Insolvency Rules 2018

Thanks to everyone who attended the first of our New Rules training courses in Glasgow on 16 January. Great to see so many of you, and thanks for such positive feedback on the course. Out of an overall score of 5, this course scored 4.69! Testimonies include: “ very informative training session / well presented” […]
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Insolvency (Scotland) Rules 2018 – are you ready?

The long-awaited Scottish Rules are here! Two sets of Rules Due to the nature of the partially devolved corporate insolvency regime, Scotland’s Rules are found in two pieces of secondary legislation.  The Insolvency (Scotland) (Company Voluntary Arrangement and Administration) Rules 2018 and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (“the new Scottish Rules”) […]
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INSOLVENCY (SCOTLAND) RULES 2018

The new Insolvency (Scotland) Rules 2018 are finally here! Due to commence on 6 April 2019, now is the time for familiarisation, planning and preparation. Here’s how we can assist you.
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Anti-Money Laundering – Have you assessed the risks?

A step-by-step explanation of a firm’s responsibilities under anti-money laundering regulations. For many insolvency practitioners, anti-money laundering (AML) compliance starts and finishes with client identification procedures. But that simply isn’t sufficient to comply with current legislative requirements, nor to adequately protect you from becoming a professional enabler – a title none of us relish acquiring! […]
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