Comet
News just out that Vince Cable has referred three Insolvency Practitioner partners from Deloitte to the Institute of Chartered Accountants for investigation over the Comet administration. It appears there are two alleged issues: Failure to consult properly with workers and unions over potential redundancies which has left the tax payer picking up an £18.4 million […]
The Graham Report on Pre-Packs
At the request of Vince Cable’s business department, Teresa Graham carried out an independent review of pre-pack administrations, published in June 2014. The review was tasked with looking at the long-term impact of pre-packs, whether they provide best value to creditors as a whole, their usefulness in business rescue generally, the potential to cause detriment […]
