A company can be wound-up under the Insolvency Act 1986 (“IA”) if it is “unable to pay its debts”.
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The Enterprise and Regulatory Reform Bill has received Royal Assent to become the Enterprise and Regulatory Reform Act 2013 (the “Act”).
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On 26 April 2013 the Court of Appeal dismissed the appeal by Dresdner Kleinwort Limited and Commerzbank against the decision of the High Court, which found that 104 ex-employees of Dresdner Kleinwort Limited were contractually entitled to bonuses worth approximately €50m.
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