CVR Global is strengthening its overseas presence after acquiring an office in Jersey. Moore Stephens Restructuring and Insolvency team is transferring to CVR Global Offshore Limited – a wholly owned subsidiary of CVR Global LLP and will be based at Wharf Street in St Helier. Adrian Rabet is joining CVR Global as Director and will …
A report laying bare the strong tide of insolvencies in UK coastal locations should serve as a wake-up call for regions heavily reliant upon tourism, according to one insolvency expert. The Insolvency Service’s report on individual insolvencies revealed that of the ten local authorities with the highest rate of insolvencies, six were in coastal areas …
In the recently published judgment in O’Brien and O’Brien v TTT Moneycorp Limited [2019] EWHC 1491(Comm) High Court (Business and Property Courts), the High Court dealt with various applications concerning a stalled expert determination procedure. The judgment provides for some practical insights into the workings of such a dispute resolution procedure, and particularly in the …
Insolvency Practitioners are not just there to clean up financial turmoil; they are also there to prevent it, explains CVR’s Tom Gardiner. No one goes into business, expecting to fail. However, business owners sometimes lose sight of the fundamentals, such as cash collection and profit margins. Read more…
Jamie Italian Restaurants recently went into Administration and CVR Global’s Tom Gardiner, who specialises in the sector, thinks more could follow. Gardiner said: “While people in the centre of cities may eat our nearly every night, in other parts of the country this is not the case – in fact the anticipated boom in med-tier …
Restructuring & Insolvency Analysis: According to CVR’s Ian Defty, Varden Nuttall Ltd v Nuttall is a stark reminder to both company directors and insolvency practitioners (IPs) of the duties that they owe both as fiduciaries and insolvency office-holders. To read the full article please click on the link below. Dishonesty in a professional capacity a …