Statutory demands & the implications of CIGA

Statutory demands & the implications of CIGA
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  • 43m
  • All Levels
  • Released 2nd Aug 2021
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Over the last 12 months, there has been a noticeable reduction in the number of Statutory Demands served because of the restrictions imposed by the Corporate Insolvency and Governance Act 2020 (CIGA).

Said restrictions are (we believe) soon to be lifted and so it is likely that legal advisors will have clients on the receiving end of these documents, and also wanting to issue them.

The documents themselves are reasonably straight-forward to complete, however, mistakes or errors can prove fatal, (and costly!) and so it is vital that legal practitioners know how to complete, serve and issue these documents correctly and swiftly.

In this session, we will look at the steps required to ensure correct completion and proper service of Statutory Demands.

The session will involve helpful Hints & Tips, practical steps, and advice on how to avoid mistakes when completing, serving and filing your paperwork.

Have a question? If you have any comments or feedback around this content, please get in touch.

Learning objectives:

  • ‘What is a Statutory Demand’, and ‘When Can they be Used’?
  • Pre-issue considerations and requirements
  • Relevant forms and applications used
  • Costs Implications, on both parties
  • Helpful Hints & Tips; Additional Points to Note and consider
  • Relevant and Recent case law update

Your CPD Certificate can be found in your Account.

Krystene Bousfield

Senior Associate Solicitor • Travlaw Legal Services Limited

Originally from County Down, Northern Ireland, Krystene attended Northumbria University where she achieved a 2.1 L.L.B. Law (Exempting) degree, before completing her LPC in 2011 and moving to Leeds in 2013.

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