David Menzies
David Menzies is Director of Practice at ICAS with responsibility, amongst other things, for co-ordinating engagement with IPs and other insolvency stakeholders, delivering enhanced support and representation on issues, and ensuring that ICAS is well-placed to influence a challenging policy and regulatory landscape.
On a day to day basis David has responsibility for developing policy responses to Scottish and UK Government consultations on insolvency and restructuring matters, representing the views of the ICAS insolvency community in discussions with stakeholder groups and providing technical support to ICAS insolvency licence holders and members of the general public through the ICAS technical helpline service. David also provides support to the R3 Scottish Technical Committee and the Joint Insolvency Committee and is a member of the LexisNexis PSL Restructuring and Insolvency Scotland editorial board.
Practice Area
Panels
- Contributing Author
- Scottish Panel
Qualified Year
- 1996
Membership
- ICAS (Institute of Chartered Accountants of Scotland)
Education
- BA, Napier University
1 Contributions by David Menzies
PRACTICE NOTES
Scotland: Entering a creditors’ voluntary liquidation—directors’ and members’ steps, QFCH notice, liquidator nomination, statement of affairs and timelines under IA 1986 and ISRWUP Rules 2018 (Part 4)
This Practice Note addresses the initiation of creditors’ voluntary liquidations (CVLs) as provided in Part IV of the Insolvency Act 1986 (IA 1986) and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (ISRWUP Rules 2018), SSI 2018/347, r 4.1 (Part 4). It excludes the commencement of members’ voluntary liquidations (MVLs) in Scotland and does not deal with the relevant law, procedure and practice after a CVL has begun and been approved by creditors, through to exit and dissolution.
Scottish Insolvency Rules 2018
The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018, SI 2018/1082, and the ISRWUP Rules 2018, SSI 2018/347 (together, the ‘2018 Rules’), took effect on 6 April 2019. This Practice Note has been revised to reflect the operation of the 2018 Rules. It does not consider any transitional provision, on the basis that few cases are expected to remain to which such provisions would apply. Note also that the 2018 Rules do not extend to LLPs.
CVLs in Scotland
A CVL in Scotland is a voluntary formal insolvency procedure, undertaken for the purpose of winding‑up the affairs of...
Restructuring & Insolvency
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