It says a lot about the state of British politics that when a senior cabinet minister resigned in March over the Government’s welfare reforms, his real motive was immediately judged to be something else entirely – Europe.
There is a new requirement which has recently been widely published in which the director of every Company has a new obligation under the Companies Act 2006 (“the Act”) to keep and maintain a new Register called a People of Significant Control Register (“PSC Register”).
Most people in the business world are familiar with a CVL or Creditors Voluntary Liquidation. It’s usually not good news and has a certain stigma attached to it. However, not quite so much is known about an MVL or Members Voluntary Liquidation. So what exactly is an MVL and how does it differ from a CVL?