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The licence will keep you out of prison. It will not tell you what to pay: VTB v HM Treasury for officeholders
Paul Henty of Beale & Co looks at the Court of Appeal’s recent judgment in PJSC VTB Bank v HM Treasury and what it means in practice for insolvency officeholders dealing with sanctioned creditors, focusing on the distinction drawn by the Court between the role of an OFSI licence and the operation of insolvency law
Paul Henty, Partner, Beale & Co
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Poundland: Private Capital, Public Expectations
Vernon Dennis of Howard Kennedy examines the competing interests of investors, creditors, employees and communities in distressed retail businesses, using Poundland’s proposed rescue and Gordon Brothers’ dual role as shareholder and lender to explore whether private capital should be expected to sacrifice financial returns to preserve jobs and stores
Vernon Dennis, Head of Business Advisory at Howard Kennedy
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