Regional news: Scotland

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

DLA Piper advising as UK department store Beales collapses

DLA Piper is acting for KPMG as joint administrators of UK department store Beales, which has become the latest victim of the “tough” retail climate.

21 January 2020

Two dissolved Scottish companies to face IP lawsuit in Texas

A Scottish court has agreed to restore two liquidated engineering companies so they can properly face a host of civil claims brought against them in the United States.

13 January 2020

UK Supreme Court rejects Scottish property sale as "not justified" under insolvency law

The UK Supreme Court has ruled that the off-market sale of an insolvent Scottish logistics company’s place of business was not justified on the ground of urgency.

04 December 2019

UK Supreme Court: trustee’s “final distribution” declaration is definitive

A trustee’s declaration that he was paying a “final dividend” under a protected trust deed in Scotland must be taken as definitive, the UK Supreme Court has ruled, even though it was “scarcely a satisfactory outcome” that the debtor later got to keep thousands of pounds of mis-sold PPI insurance compensation.

31 October 2018

Environmental law trumps creditors in landmark Scottish ruling

Compliance with EU environmental law obligations should take precedence over creditors in UK insolvency law, according to a landmark judgment in Scotland’s highest civil court.

31 August 2018

Insolvent Scottish fashion company has “legal duty” to English Environment Agency

By taking control of contaminated land in England and failing to take measures to remediate before it became insolvent, a Scottish fashion company has fallen within the regime of English environmental legislation, the Scottish Court of Session has ruled.

04 June 2018

No jurisdiction to wind-up English companies in Scotland, court finds

The Outer House of the Court of Session in Scotland has issued a clarificatory ruling, confirming that Scottish courts can’t make administration or winding-up orders in respect of companies registered in England, even if their centre of main interest is in Scotland.

26 October 2017

Indian proceedings ancillary to Scottish action, says Scottish Judge

A Scottish court has found that, under the common law cross-border insolvency principle of modified universalism, foreign liquidation proceedings in India should run ancillary to those in Scotland – the debtor’s place of incorporation.

17 October 2016

Community round-up: Carey Olsen appoints new counsel in Guernsey

Carey Olsen has promoted an insolvency specialist to counsel in Guernsey, as Scotland’s Accountant in Bankruptcy appointed two restructuring heavyweights to its advisory board.

22 July 2016

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