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Partners of collapsed Harrogate firm hit with SRA fines

Partners of collapsed Harrogate firm hit with SRA fines By Laurence Kilgannon | 03 OCT 2014 | INSIDER MEDIA LIMITED Two partners of a former Harrogate law firm have been fined by the Solicitors Disciplinary Tribunal (SDT) following a prosecution brought by the Solicitors Regulation Authority. Abode Solicitors partners….” http://www.insidermedia.com/insider/yorkshire/124778-?utm_source=breaking_news_newsletter&utm_medium=top_story_article&utm_campaign=breaking_news_tracker

‘Very sad day’ as Blackpool Airport closure confirmed

‘Very sad day’ as Blackpool Airport closure confirmed By Kaleigh Watterson | 08 OCT 2014 | INSIDER MEDIA LIMITED Blackpool Airport is to close next week after no buyer was found for the Lancashire site. Its owner Balfour Beatty said the airport had been loss….” http://www.insidermedia.com/insider/north-west/125058-very-sad-day-blackpool-airport-closure-confirmed?utm_source=northwest_newsletter&utm_medium=top_story_article&utm_campaign=northwest_news_tracker

Debt pile forces restructure at Hotel Collection

Debt pile forces restructure at Hotel Collection By Laurence Kilgannon | 08 OCT 2014 | INSIDER MEDIA LIMITED An inability to service loan and interest payments relating to debts in excess of £320m led to the restructure of a group behind 21 luxury regional hotels, new documents have revealed. Despite trading profitably,….” http://www.insidermedia.com/insider/midlands/125070-?utm_source=eastmidlands_newsletter&utm_medium=top_story_article&utm_campaign=eastmidlands_news_tracker

Wonga television ad banned over lack of interest rate information

Wonga television ad banned over lack of interest rate information Simon Read | PERSONAL FINANCE EDITOR | 08 OCTOBER 2014 | THE INDEPENDENT Struggling payday lender Wonga’s week just got worse – one of its television ads has been banned for failing to disclose the cost of borrowing. The news follows hard on the high-cost… Continue Reading

Insolvency in the fashion retail sector — understanding and managing the risks of an insolvent acquisition

Insolvency in the fashion retail sector — understanding and managing the risks of an insolvent acquisition October 1 2014 In our “Insolvency in the fashion retail sector: the risks and opportunities” article in the Q2 edition of Global Insight, we looked at the challenges the fashion retail industry faces today and the opportunities available….” http://www.lexology.com/library/detail.aspx?g=abd9d9de-8948-44a6-bff0-340695bac2b7

A ban on payday lending will not abolish human frailty

A ban on payday lending will not abolish human frailty BY JOHN KAY | FT | 07 OCTOBER 2014 The trick seems to be to allow enough legal leeway to keep social harm at modest levels Payday lending offers small sums for short periods of time….” http://www.ft.com/intl/cms/s/0/6bd0c55a-4d43-11e4-bf60-00144feab7de.html?ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct#axzz3FWhNNhqo

Shaming Wonga is great, but it won’t help people pay the bills

Shaming Wonga is great, but it won’t help people pay the bills It may have written off some of its debts, but until workers’ wages rise in real terms, rapacious lenders such as Wonga will remain a fixture of our world Will Hutton |The Observer |  Sunday 5 October 2014 Just a few years ago,… Continue Reading

Britain Strikes a Blow Against High-Flying Payday Lenders

Britain Strikes a Blow Against High-Flying Payday Lenders By Carol Matlack | 03 OCTOBER 2014 | BLOOMBERG BUSINESSWEEK Payday lenders, purveyors of high-interest, short-term cash advances to working people, aren’t known for their humility. Britain’s largest….” http://www.businessweek.com/articles/2014-10-03/u-dot-k-dot-s-payday-lenders-take-a-tumble#r=rss

Re Pan Ocean: Cross Border Insolvency Regulations – what relief can the court grant?

Re Pan Ocean: Cross Border Insolvency Regulations – what relief can the court grant? October 1 2014 | LEXOLOGY The English Court does not have the power under the Cross Border Insolvency Regulations to grant relief in aid of insolvency proceedings in a foreign jurisdiction which it would not have the power to grant in… Continue Reading

Re Pan Ocean: Cross Border Insolvency Regulations – what relief can the court grant?

Re Pan Ocean: Cross Border Insolvency Regulations – what relief can the court grant? October 1 2014 | LEXOLOGY The English Court does not have the power under the Cross Border Insolvency Regulations to grant relief in aid of insolvency proceedings in a foreign jurisdiction which it would not have the power to grant in… Continue Reading