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England and Wales: Major changes to creditor participation under the new insolvency rules

27th June 2017

The long-awaited modernisation of the rules applicable to insolvency cases took place on 6 April 2017 resulting in a major overhaul of the law governing insolvencies in England and Wales. The new insolvency rules, under The insolvency (England and Wales) rules 2016 have now replaced the old rules applying to insolvency cases under the insolvency rules 1986 (subject to some very limited exceptions and transitional provisions). The old rules were considered out of line with modern business practice with the original version of the rules having been introduced over 30 years ago. MSI's UK South Coast law member Lester Aldridge explains further.

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Armstrong Watson's forensic accounting team reports successful growth

27th June 2017

MSI's Northern UK accounting member Armstrong Watson is delighted to announce that since establishing its forensic accounting service in October 2016, it is close to doubling in size after experiencing high growth in demand for its specialist services.

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Gardiner Roberts LLP nominated as 2017 Top Regional Law Firm

27th June 2017

MSI's Canadian law member Gardiner Roberts LLP is pleased to announce that it has been nominated for the 2017 Top 10 Ontario Regional Law Firms by the 'Canadian Lawyer Magazine'.

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USA: Tax consequences LLCs need to consider

26th June 2017

To remain competitive in the business world, companies must hire, retain and incentivize productive employees. For some time now employers have been turning to “equity” compensation – stock options, restricted stock, etc. – to meet these needs. However, if the employer is a limited liability company that is taxed as a partnership (an “LLC,” and almost all limited liability companies with more than one member are taxed as partnerships), granting equity compensation to employees creates tax problems that don’t arise for corporate employees. MSI's Massachusetts law member Ruberto Israel & Weiner explains further.

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