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Heather Kerzner (Henderson's partner) instructed London law firm Grosvenor Law to explore ways of clawing back some of her investment in Bell Pottinger. [ 130 ] [ 131 ] In October 2018, the Times reported that around 40 former Bell Pottinger partners faced a £4m demand from the company's liquidator, BDO, [ 28 ] with Henderson asked to repay £ ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Creditors take a decision at a creditors' meeting called to consider the IVA proposal. The return to creditors is often higher than they would receive in bankruptcy. A vote is taken – by value. 75% in value of those creditors who vote at the meeting by person or by proxy must agree in order for the arrangement to be approved.
Timothy John Leigh Bell, Baron Bell (18 October 1941 – 25 August 2019), was a British advertising and public relations executive, best known for his advisory role in Margaret Thatcher's three successful general election campaigns and his co-founding and 30 years of heading Bell Pottinger.
Born in São Paulo, the son of a Brazilian mother and English father, Henderson grew up in London's Kensington and attended Haileybury and Imperial Service College. [3] He studied law at the University of Buckingham [1] and then worked briefly for a London stockbroker before joining corporate PR firm College Hill (today, Instinctif) [4] in December 1989 – first as a researcher, later as a PR ...
It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...
The anti-deprivation rule (also known as fraud upon the bankruptcy law) is a principle applied by the courts in common law jurisdictions (other than the United States) [a] in which, according to Mellish LJ in Re Jeavons, ex parte Mackay, [1] "a person cannot make it a part of his contract that, in the event of bankruptcy, he is then to get some additional advantage which prevents the property ...
corporate insolvency law recognises rights accrued under the general law prior to liquidation; only the assets of the debtor company are available for its creditors; security interests and other real rights created prior to the insolvency proceeding are unaffected by the winding up; the liquidator takes the assets subject to all limitations and ...