Eileen Maclean features in the TRI 250

Insolvency Support Services director Eileen Maclean has been included in the prestigious TRI 250, the exclusive group of senior professionals across the turnaround, restructuring and insolvency profession.

As an index of influence and best practice, leading trade journal Credit Strategy’s TRI 250 recognises those responsible for the progression of industry standards, and inspiring excellence across turnaround, restructuring and insolvency.

Eileen Maclean to chair Law Society of Scotland Insolvency and Debt Recovery Conference

Insolvency Support Services director Eileen Maclean is to chair and present at the Law Society of Scotland’s Insolvency and Debt Recovery conference next month.

Taking place at the 200 SVS venue in Glasgow on 5 September, the conference will look at key issues and challenges faced by professionals operating in the increasingly complex world of insolvency and debt recovery, and address recent legal changes and how they can be managed in practice.

Eileen will be speaking about the new Scottish Insolvency Rules, highlighting key changes from the previous regime.

Joining Eileen in the impressive line-up of speakers will be:

  • Sian Aitken, Partner, CMS
  • Christina Barr, Solicitor, Brodies
  • Stephen Cowan, Partner, Yuill + Kyle
  • Dr Richard Dennis, Chief Executive, The Accountant in Bankruptcy
  • Andrew Foyle, Partner, Shoosmiths
  • Steven Jansch, Partner and Head of Insolvency, Gilson Gray
  • Paul Kirkwood, Solicitor and Commercial Mediator
  • Louise Laing, Senior Associate, Brodies
  • Bobby Lindsay, Lecturer, University of Glasgow

For more information about the conference and to book, visit the Law Society of Scotland’s website.

Call for evidence on court reporting and court approval of remuneration

The recent R3 Scotland newsletter highlighted some concerns about the time taken for some court reporters to respond, with a request for evidence if appropriate.

We are aware that not all users of court reporters are based in Scotland, and that not everyone is a member of R3. Therefore, if you are experiencing these delays and would like to pass on your concerns, please contact Penny McCoull at [email protected]

Item from R3 Scotland Newsletter – Summer 2019

Penny McCoull
Following concerns raised by committee members about instances where they had experienced delays in receiving reports back from court-appointed reporters, I raised this matter with both the R3 Smaller Practices Group Committee and the Scottish Technical Committee. I have received confirmation that ICAS is aware of the issue and is willing to contact the IPs concerned directly. If any members wish to provide details of specific cases where undue delay has been experienced in obtaining authorisation for their own fees and approval of a scheme of division, can they please email me in confidence ([email protected]) or contact David Menzies at ICAS ([email protected])

The issues can be summarised as:

  • The court report system normally works very well, as IPs are all too aware that their colleagues are waiting for approval of their fees and authorisation of a scheme of division to carry out our main function, which is to return funds to creditors.
  • The system breaks down where some IPs, whether through pressure of their own workload, absence from work or some other reason, are not attending to the audit of files delivered to them in a timely manner. The regulations state that the audit should be carried out within six weeks of the end of the accounting period, which itself is dependent on the appointed IP preparing their accounts within two weeks of the end of the accounting period.
  • RPBs are now looking at court reports carried out by their members as part of the monitoring visit. R3 members are encouraged to advise us of any specific instances where they have waited a longer time than is reasonable for the reporter to submit their report. As everyone’s idea of timescales is subjective, notifications should be made in confidence to R3 for consideration. Members will be notified in due course of the follow-up action taken.
  • Informal discussions with the Courts are being advanced by R3 STC members. However, in order to assess the extent of the issue, the Committee calls for members to provide evidence of their experiences (anonymised if desired), on delays by appointed reporters and/or courts in the approval process.

100% pass rate for ISS Training’s CPI and CPPI students

It’s a clean sweep for ISS Training’s students in the June 2019 CPI and CPPI exam sitting. Every single one of our candidates has passed their exam, with a third achieving a merit.

CPI

Chris Addison, 180 Advisory

George Elliott, Campbell Dallas

Emma Hardie, Cowan & Partners

Jemma Kirk, Thomson Cooper (with merit)

Kirsti Kornav, FRP Advisory (with merit)

CPPI

Tommy Gallacher, Campbell Dallas

Mark Inglis, MLM (with merit)

Fiona McAnnany, Grant Thornton

Gillian McIlroy, AiB

Our director Eileen Maclean, who delivers our CPI and CPPI training, said: “We’re chuffed to bits for all of our students and feeling enormously proud of them all. It’s hugely rewarding to see everyone’s hard work paying off. Very well done, class of 2019!“

Enrolment for our 2020 CPI and CPPI training will be open soon. If you would like to discuss your options, please speak to us at any time on 0845 601 7570 or email [email protected]