Category Archives: Uncategorized

The latest Insolvency Statistics were published on Friday 12 August  2011 and tell their own story. In summary compulsory liquidations are up, voluntary liquidations are down, administrations are down and CVAs remain static. Compulsory Liquidations up on last quarter and … Continue reading →

Introduction A Members’ Voluntary Liquidation (MVL) is a solvent liquidation that begins on the passing by the shareholders of a special resolution for the company to be wound up voluntarily. There is no involvement by the court. The procedure is … Continue reading →

In these increasingly cost-conscious times, businesses are considering ways to improve revenues. One recent development which has the additional benefit of being “green” in this equally eco-conscious climate is the feed-in-tariff scheme (FITS). This came into force on 1st April … Continue reading →

Introduction The new Bribery Act, passed by parliament in 2010, was due to be implemented in April 2011.  However, at the end of January, a government spokesman said that the act would not come into force until three months after … Continue reading →

The perpetual struggle to ensure customers pay their invoices on time is disproportionately debilitating for small and medium-sized enterprises (“SMEs”), especially in adverse economic conditions when budgets are squeezed and access to finance is limited. However you  can employ a … Continue reading →

Delaney -v- Chen [2010] EWHC 6 (Ch) An appeal was made by Delaney following the Court’s decision that the sale and leaseback of a property he had purchased from the sellers at a price substantially lower than the unencumbered freehold … Continue reading →

Re Cornercare Ltd [2010] The directors of C applied to court seeking permission to appoint an administrator out of court in circumstances where they had previously filed a notice of intention to appoint but the appointment had not been made … Continue reading →

B S Sandhu t/a Isher Fashions UK  v Jet Star Retail Ltd t/a Mark One) & Others [2010] I supplied clothing to J under I’s standard terms and conditions which included an “all monies” ROT clause. The contract also gave … Continue reading →

Agilo Ltd v William Henry [2010] H was a director of L. AMF provided L with a loan facility through its agent, AUK. H gave a personal guarantee for the liabilities of L to AMF. AMF and AUK were all … Continue reading →

Much publicity has recently been given to the High Court case of R (on the application of Mercury Tax Group Ltd and another) v HMRC & Others [2008] EWHC 2721 (“Mercury”). The decision in this case led to a period of … Continue reading →