KNOWLEDGE

Update on changes to insolvency legislation

Morton Fraser Partner Nicola Ross
Author
Nicola Ross
Partner
Morton Fraser Partner & Solicitor Advocate Richard McMeeken
Author
Richard McMeeken
Partner & Solicitor Advocate
PUBLISHED:
26 November 2020
Audience:
category:
Video

On the 1st of December the rules regarding the order of priority of claims in corporate insolvencies will change so that certain tax debts due to HMRC will have priority over ordinary creditors.

In their latest video, commercial litigation partners Nicola Ross and Richard McMeeken, discuss what the HMRC priority will mean in practice for businesses, directors and lenders.

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