enews

Avoiding winding up

In this case, Metapol’s solicitors went against Electrosteel by threatening to present a winding up petition unless the sum of £264,091.05 was paid.
Electrosteel made …

Landlord required to pay business rates

Schroeder Exempt Property Unit Trust and another v Birmingham City Council [2014] EWHC 2207
 A landlord granted a 10 year lease to Woodward Food Service …

Can’t pay, won’t pay

Every business no matter how big or small is susceptible to the risks in its supply chain.
With the fall in the oil price causing …

Litigation funding – know your options

Following the reforms to civil litigation funding and costs in England and Wales (through the Legal Aid, Sentencing and Punishment of Offenders Act 2012) …

Locate and identify your own goods

In the case of Blue Monkey Gaming Limited v Hudson and others Limited [2014] EWHC (Ch), the High Court has confirmed that the onus …

High court ruling sees utilities companies lose power

In a recent High Court decision, utility companies will not be able to use the statutory deemed contracts regime for the supply of gas …

Pre-packed administration sales – how does the Graham Report affect you?

A review of pre-pack administrations by Teresa Graham, commissioned by the Government, was released on Monday 16 June 2014.
The report has largely been well …

Consultation: Continuity of Key Supplies to Insolvent Businesses

On 9 July 2014, BIS launched a consultation on the exercise of powers taken in the Enterprise and Regulatory Reform Act 2013 (ERRA).  This …

Take Care When Relying upon Litigation Privilege

Case update: Rawlinson & Hunter Trustees SA v Akers & Another [2014]
Background
Robert and Vincent Tchenguiz (RT and VT) were businessmen who, along with the …

Administrators’ Commercial Decision-Making Powers vs. ‘Unfair Harm’ to Creditors

Hocking and others v Marsden and another [2014]
Pursuant to paragraph 74 of Schedule B1 to the Insolvency Act 1986, if the conduct of an …