(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Insolvency

Carillion: five key questions

Carillion went into liquidation in January. We asked our experts what the collapse and treatment of this business tells us. 1. Why liquidation and not administration? Claire Middlebrook, Middlebrooks: While it would be more usual for a company the size of Carillion to enter administration, the fact that it went straight into compulsory liquidation suggests the… Read More Carillion: five key questions

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Insolvency, Pensions

Why we need to talk about pensions

There are big issues with pensions that society needs to address at a macro and micro level. How do we pay for them? How much should we have when we retire? Are employees satisfied that their money is invested in the right place to get the best return? Are they content that they are getting… Read More Why we need to talk about pensions

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Accounting, Insolvency

ICAS issues first insolvency partial authorisation

By David Menzies ICAS has issued its first insolvency practitioner authorisation under the new partial authorisation regime. The development is the latest in a number of positive advances made in the area of IP regulation. ICAS has become the first professional accountancy body in the UK to issue authorisation for an insolvency practitioner under the new… Read More ICAS issues first insolvency partial authorisation

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Insolvency

An Interview with James H.M. Sprayregen, President of INSOL International

By George W. Russell Hong Kong last month hosted the annual conference of INSOL, the international insolvency and restructuring professional group. Its President, James H.M. Sprayregen, talked to George W. Russell about worldwide legislative trends, the dominance of United States law and the group’s international expansion plans. James H.M. Sprayregen, the veteran Chicago  bankruptcy lawyer who… Read More An Interview with James H.M. Sprayregen, President of INSOL International

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Insolvency

FIRST MEETING OF CREDITORS IN RELATION TO S40(1) OF THE INSOLVENCY ACT

By Thabile Fuhrmann and Vincent Manko The events leading up to the first meeting of creditors may be crucial in appointing liquidators Section 40(1) of the Insolvency Act, 1936 (Act 24 of 1936) (the Act) provides that the Master shall immediately convene a first meeting of the creditors of the estate by notice in the… Read More FIRST MEETING OF CREDITORS IN RELATION TO S40(1) OF THE INSOLVENCY ACT