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Our legal experts will keep you up to date on all relevant and current developments.

Revenge of the Zombie Company?

Revenge of the Zombies is a 1943 horror film in which zombies exact revenge on their mad scientist creator.

Although there are not many mad scientists on the scene in 2020, there are many zombie companies which, if subject to liquidation, are likely to create an influx of preference claims being brought by liquidators and which will cause grief to credit managers in the coming months and years.


New Insolvency Regime to be Introduced From 1 January 2021

From 1 January 2021 new insolvency regimes will be introduced which will involve:

  1. a new insolvency process for small businesses whereby financially distressed but viable companies can restructure their existing debts and continue to trade; and
  2. a simplified liquidation process which will allow for faster and lower-cost liquidation.

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