Congratulations to Lauren and Laura, who have passed their AAT Level 2.
We are commended in the March issue of Dear IP, the technical newsletter issued to all insolvency practitioners in the UK by the Insolvency Service, for our efforts relating to the disqualification of the directors of Vinance PLC.
This new act of Parliament received royal assent today. A large part of the Act affects the work done by Insolvency Practitioners and, although many of the changes are not very interesting, others are. For instance, the fraudulent trading and wrongful trading provisions, formerly available only to Liquidators, are extended to Administrators. This should mean that more money can be recovered from delinquent directors although, as ever, the devil will be in the detail!