August 30, 2018
The proposed changes include a new 28-day moratorium option to allow firms breathing space to try to rescue the business and safeguard jobs.
If fully implemented, the Insolvency Service is to be granted more investigative powers to examine potential breaches of directors’ obligations and there are to be greater disqualification powers. There will also be tighter controls on payment of dividends from struggling companies.
Directors’ liabilities will be reformed generally and transparency of group company structures is to be improved. There will be also be more powers given to institutional shareholders to challenge board decisions.
The reforms are still subject to further change and consultation, but all in all they are to be welcomed. It is hoped the changes will have a positive impact on corporate governance and accountability generally, whilst at the same time fostering a positive enterprise culture as the UK approaches Brexit.
I have worked with Darwin Gray for a number of years and the level of service, professionalism and timely response is second to none. I would highly recommend Darwin Gray to any business.”
Darwin Gray have provided us with a first-class service for many years now. They really take the time to understand our business and develop relationships which results in advice and support that is contextualised and effective.”
We have worked with Darwin Gray for several years and have always found their services and advice to be first class.”
An extremely professional and sincere company who make time for your queries and understand the need to break down certain facts and information to ensure everything is understood perfectly. I would highly recommend the company to anyone looking for any type of legal advice”
PSS has worked with Darwin Gray for many years. We have always received an excellent service. Prompt and professional advice and support.”
We have used several departments within DG recently and we have been very pleased with an effective, efficient and down to earth service. Very happy thus far and I expect that we will continue to use DG.”
Darwin Gray offer us truly superb services. Very professional, quick and services available bilingually which is very important to us, highly recommend.”
My “go to” in urgent and time sensitive cases for direction, support and advice. The team are quick to respond to calls or emails for advice and support on all matters. Always explain complex matters in a way a lay person can easily understand.”
