Business support & insolvency

Success for Blake Morgan's Thames Valley Insolvency team

Posted by on

The Insolvency team in Thames Valley have had a recent success with the recovery of a six-figure sum in relation to a fraudulent transfer of funds. More …

Case Report: The Guarantee/Indemnity Distinction

Posted by on

This case highlights the importance of the distinction between primary and secondary obligations in a contract of suretyship. More …

When do directors contemplate the interests of a company’s creditors?

Posted by on

All directors should be aware of the statutory and fiduciary duties that they owe to the company. The certain duties and responsibilities are listed at sections 171 to 177 of the Companies Act 2006 and include a duty to act in the company's best interests and promote its success. More …

What are the legal implications of TfL’s decision not to renew Uber's licence?

Posted by on

What are the legal implications for Uber drivers if TfL's decision not to renew Uber's licence in London stands? Our experts consider the difference in rights between employees and "workers" when a business ceases to operate. More …

Insolvency rules 2016

Posted by on

The Insolvency Service have recently announced that the Insolvency Rules 2016 ("the Rules") are to be laid before Parliament in October 2016. Provided that the proposed Rules are approved by Parliament, they are likely to come into force in April 2017. So, what are the changes and what is this likely to mean for Insolvency Practitioners? More …

Pre-Pack Pools in Administrations

Posted by on

On 2 November 2015, the new process for pre-pack sales of businesses by companies about to go into administration will come into force. More …

Prosecution sends out warning over collective redundancies

Posted on

The recent prosecutions of former directors of USC and City Link are important reminders of the statutory requirements to consult with employees – directors of collapsed companies ignore them at their peril. More …

Changes to Pre-Packs in Administration

Posted by on

Pre-pack sales have been criticised by creditors, due to concerns that in the majority of cases, the sales had been agreed prior to the first notification to creditors, and that the sales were often made to connected parties. More …

Insolvency Amendment Rules – fee estimates

Posted by on

On 1 October 2015, the Insolvency (Amendment) Rules (SI 2015/443) came into force, which are intended to regulate fees charged by insolvency practitioners on a time cost basis. More …

Fraudsters dealt blow after seeking to hide behind illegality defence

Posted by on

On 22 April 2015, the Supreme Court handed down judgment on the appeal from the Court of Appeal in Jetivia SA & Another v Bilta (UK) Limited (in liquidation) & Others. More …