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Order of the Phoenix attracts MP’s attention

Order of the Phoenix attracts MP’s attention

Harry Potter themed gift shops and other London ‘tourist tat’ retailers have prompted a closer look from Joe Powell, the relatively new Member of Parliament for Kensington & Bayswater. He’s less interested in a Big Ben desktop clock than in allegations of souvenir...

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Grocery watchdog barks at Amazon over ‘late payments’

Grocery watchdog barks at Amazon over ‘late payments’

It used to be said that the UK’s large supermarket chains wielded a figurative baseball bat over their suppliers, trying to preserve every last percentage point of margin in their high volume businesses. It’s always been an uneasy dynamic, with the retailer invariably...

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Judgment shines light on IPs’ liquidation fees

Judgment shines light on IPs’ liquidation fees

The Buchler Phillips preferred approach of ‘work out, not bail out’ will resonate with stricken companies heading for insolvency – not least because of the often hefty cost of advisers, court-appointed and otherwise, in administrations and liquidations, including...

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New crypto tracing boss turns up the heat

New crypto tracing boss turns up the heat

The sharp rise in cryptocurrency-related insolvency cases across the UK has prompted the Insolvency Service to appoint its first crypto specialist, as it doubles down on recovering digital assets. Former police investigator Andrew Small, an economic crime expert, will...

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Insolvency Service revises IVA protocol

Insolvency Service revises IVA protocol

Changes to the Individual Voluntary Arrangement (IVA) framework for those in debt are a reminder of the range of options available in the insolvency toolkit. The Insolvency Service has published a revised IVA protocol to improve the service currently offered to people...

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Court confirms wider net for fraudulent trading

Court confirms wider net for fraudulent trading

Responsibility for conducting fraudulent business is not only limited to management of entities through which it’s transacted, but extends to third parties who knowingly assist such companies. That’s the scope of Section 213 of the Insolvency Act 1986, the Supreme...

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