UK Insolvency Restrictions LiftingHoping for Best, Preparing for Worst? – Bloomberg Tax

As the country went into lockdown from March 2020, the government was rightly concerned with ensuring that support measures reached people and businesses in need as quickly as possible. This led to an unprecedented level of funds being made available using new schemes and mechanisms. Moratoriums on enforcement action included protection for directors against liabilities…

U.K. Insolvency Restrictions LiftingHoping for Best, Preparing for Worst? – Bloomberg Law

As the country went into lockdown from March 2020, the government was rightly concerned with ensuring that support measures reached people and businesses in need as quickly as possible. This led to an unprecedented level of funds being made available using new schemes and mechanisms. Moratoriums on enforcement action included protection for directors against liabilities…

Directors’ duties to prevent insolvent trading in a crisis: Responses to COVID‐19 in Australia and lessons from Germany – Wiley

1 INTRODUCTION: DIRECTORS’ DUTIES IN A CRISIS Relief from directors’ duties to avoid trading whilst insolvent has been a common global response to the economic crisis precipitated by the COVID-19 pandemic.1 These duties are configured in legislation in different ways, depending on the jurisdiction, including as a prohibition on insolvent, wrongful or fraudulent trading, or…

John Elliott remembered as ‘a bit of a larrikin’ and ‘larger-than-life’ after his death – ABC News

John Elliott has been described as”larger-than-life” and “a very special person” as public figures pay tribute to the former president of the federal Liberal Party and the Carlton Football Club after his death. Mr Elliottdied in hospital aged 79 after a short illness following a fall. The businessman was president of the federal Liberal Party…

The seedy rise and fall of John Elliott’s tottering empire – Crikey

The inevitable eulogies are flowing thick and fast for former corporate titan John Elliott, with Treasurer Josh Frydenberg and newly returned Victorian Liberal leader Matthew Guy taking pole position. But most testimonials have conveniently ignored Elliotts criminal past, instead focusing on his larger than life personality, leadership of the Carlton Football Club and brief time…

John Elliott obituary: the businessman and Carlton president once touted as a future Australian PM – The Guardian Australia

John Elliotts life was a business, sporting and political roller-coaster. The larger-than-life character, who many Liberals once touted as a future Australias prime minister, built and lost a mighty business empire and led the Carlton football club through good times and bad. The gravel-voiced and aggressive chain smoker could be offensive, at least to those…

Avacade directors banned after pocketing £1.4m ahead of insolvency – FT Adviser

The directors behind Avacade have each received six-year directorship disqualifications after the Insolvency Service found they had paid themselves 1.4m during a tax investigation. Craig Lummis and his son, Lee Lummis,were banned by Judge Halliwell in Manchesters High Court on August 27, due to the fact they repaid themselves 1.37m despite their company being under…