The rapid collapse and insolvency of Silicon Valley Bank US late last week, and initial statements about SVB UK being placed into a special bank insolvency process had numerous interested stakeholders in the VC ecosystem and advisors rushing to manage a potential cash crunch for thousands of businesses in the UK. Thankfully, HSBC Bank, further […]
The Bank of England predicts that the UK will be in a recession by the end of the year due to sharp increases in fuel and living costs and there is growing concern this could last for five quarters. Business owners are potentially facing a long period of uncertainty and are turning to their professional […]
In a landmark judgment for company directors, the Supreme Court has clarified the scope of the so-called “Creditor Duty” and when this duty will be triggered, in the case of BTI 2014 LLC -v- Sequana SA and others. This is particularly important in the current climate of financial instability and provides a ‘guiding light’ for […]
The process for dissolving a company had significant potential for misuse with the powers of investigation and disqualification under the Company Directors Disqualification Act 1986 not applying to directors of dissolved companies. This resulted in a costly and time-consuming procedure that the government had to follow in order to investigate the conduct of a director […]
Freeths LLP has expanded its Restructuring team with the appointment of Associate, Grace Millar, into the Birmingham office. Grace joins the Birmingham team after nearly 10 years at Weightmans, and specialises in corporate and personal insolvency, and commercial litigation. Freeths have experience in a wide range of sectors including media, technology, engineering, construction, manufacturing, leisure […]
Adam Edwards and Miles Hacking recently acted for a Trustee in Bankruptcy where they successfully obtained a declaration that a charge secured on a bankrupt’s matrimonial home was unenforceable under the Financial Services and Markets Act 2000. Factual background In 2013, Mr and Mrs Ayles borrowed £180,000 from Mr Pumphrey (“the Loan”) to purchase a […]
Oxford & Thames Valley webinar: Snakes and Ladders – strategies for the corporate ups and downs In this webinar, we look at those issues most pressing to UK corporates right now in their aim to remain competitive. From employment to property, from finance and banking to M&A, including strategies to ensure a robust business, […]
In the second of our national Snakes & Ladders webinars, we look at those issues most pressing to UK corporates right now in their aim to remain competitive. From employment to property, from finance and banking to M&A, including strategies to ensure a robust business, we invite you to hear our experts talk about real […]
Further to our recent blog in relation to the Government extending both the ban on the forfeiture of commercial leases for the non-payment of rent and the protections in relation to CRAR, the Government has now also extended the period for temporary insolvency measures under CIGA 2020. As such, the following measures will no longer […]
Last updated: 11:50, 6th October 2020 Managing your contracts so as to best protect your business is always an important consideration, but even more so in the context of the Coronavirus pandemic and the difficult conditions businesses find themselves operating in. This can include measures such as carrying out due diligence on contracting parties to […]
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