Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland and a partner at Addleshaw Goddard in Edinburgh, has won the Association’s R3 2021 Excellence Award. Mr Cooper won the award, which was presented in memory of former R3 North West Chair and Council member Matt Dunham,
Insolvency and restructuring trade body R3 in Scotland is urging directors of COVID-hit businesses to make the most of the time granted by the Government’s extension of temporary insolvency measures to plan for the future. The Government has announced that it will extend a number of temporary
New regulations which aim to improve the transparency of sales to connected parties in administrations are flawed, says insolvency and restructuring trade body R3 in Scotland. The rules, which come into effect on 30 April, apply to all sales of businesses and/or substantial assets of a company in ad
The Insolvency Service and insolvency and restructuring trade body R3 have announced a project aimed at understanding and promoting diversity and inclusion across the insolvency profession. The two have collaborated to form a Diversity & Inclusion Steering Group to guide this project.
The UK Government has laid draft regulations in Parliament that implement the requirement for mandatory independent scrutiny of pre-pack administration sales where connected parties are involved in the purchase.
Corporate insolvency numbers (liquidations and receiverships) in Scotland for the whole of 2020 were 40% lower than in 2019, at 592 (2020) against 981 (2019), according to insolvency and restructuring trade body R3. The number of corporate insolvencies (liquidations and receiverships) in Scotla
Over five in six (86.1%) respondents to an R3 survey of insolvency professionals in the UK say they expect personal insolvency numbers to increase over the next year, with a significant proportion expecting a rise as early as this autumn.
Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3 indicating that a steep rise may start as early as this October. The R3 research – based on a member survey of insolvency and restructuring professionals – highligh
The Corporate Insolvency and Governance Bill, which was debated in the House of Commons yesterday, is a significant step forward in attempts to mitigate the enormous economic damage caused by COVID-19, according to insolvency and restructuring trade body R3 in Scotland. The firm has said that b
The Scottish arm of insolvency and restructuring trade body R3 has issued an eight-point checklist to help owner/managers across the region deal with the impact of the coronavirus pandemic on their businesses. The organisation’s members, who include insolvency practitioners, lawyers, and
One in three adults in Scotland (34%) say they would be most likely to take on extra debt if they were faced with a sudden gap in their finances, according to new research from insolvency trade body R3.
The number of corporate and personal insolvencies for the whole of 2019 has increased, according to the latest Scottish Insolvency Statistics from Accountant in Bankruptcy. Overall, corporate insolvency numbers in Scotland for the whole of 2019 were 4% higher than in 2018, and were at their highest
Around one in three (33.8%) Scottish-registered companies had a higher than usual risk of insolvency in December, according to new research from R3 in Scotland. The equivalent figure for the UK overall is higher, at over two in five (41.1%), while the South East of England is the region with the hig