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JTI Gallaher: Union proposal to save 500 jobs at Ballymena factory

JTI Gallaher: Union proposal to save 500 jobs at Ballymena factory By Julian O’Neill | BBC News NI Business Correspondent | 19 NOVEMBER 2014 A proposal aimed at saving 500 jobs at the closure-threatened JTI Gallahers tobacco factory in County Antrim, has been put forward by a trade union. Last month, the Japanese-owned firm said… Continue Reading

Brothers disqualified from acting as directors

Brothers disqualified from acting as directors 18 Nov 2014 | INSIDER MEDIA LIMITED Two brothers who were directors of a Cardiff plant hire business have been banned from running a company for five-and-a-half years each for their non-cooperation with administrators. Llyr Thomas, 44, and Bedwyr Thomas, 42, who managed Ascus Concrete Pumping Ltd,….” http://www.insidermedia.com/insider/wales/128067-brothers-disqualified-acting-directors?utm_source=wales_newsletter&utm_medium=business_article&utm_campaign=wales_news_tracker

Creditors in the dark as attempts made to unravel Bournes’ finances

Creditors in the dark as attempts made to unravel Bournes’ finances 18 NOV 2014 | INSIDER MEDIA LIMITED The administrator of a Manchester debt management company which ceased trading after the intervention of the Financial Conduct Authority (FCA) has admitted….” http://www.insidermedia.com/insider/north-west/127974-more-details-emerge-bournes-administration?utm_source=northwest_newsletter&utm_medium=top_story_article&utm_campaign=northwest_news_tracker

Won’t pay, must pay

Won’t pay, must pay November 14 2014 | LEXOLOGY A few weeks ago we published a blog post titled ‘can’t pay, won’t pay?’ which set out the benefits of using a statutory demand as a quick and inexpensive way of securing payment of undisputed debts of over £750. If, 21 days after it is served,… Continue Reading

Can we force administrators to vacate property?

Can we force administrators to vacate property? November 3 2014 | LEXOLOGY We are hoping to take on new premises that are currently occupied by the administrators of the previous failed tenant. They will not give an indication of when they intend to leave and this is holding up our own plans. Is there anything… Continue Reading

A trustee in bankruptcy’s charter?

A trustee in bankruptcy’s charter? November 4 2014 | LEXOLOGY This week we revisit the ramifications of a landmark personal insolvency case in the context of the equally ground breaking 2014 Budget which significantly increased the flexibility around accessing pension benefits. It may be that, as a result of the case and of the increased… Continue Reading

The game is up! – Game Retail Ltd. (Appellant) v. Pillar Denton Ltd. and Others (Respondents)

The game is up! – Game Retail Ltd. (Appellant) v. Pillar Denton Ltd. and Others (Respondents) November 12 2014 | LEXOLOGY The Supreme Court has recently declined to hear retailer Game’s appeal, ruling that there was no arguable point of law of general public importance which ought to be considered, particularly bearing in mind the… Continue Reading

Clarification on UK administrators’ remuneration

Clarification on UK administrators’ remuneration November 6 2014 | LEXOLOGY Key point Administrators are entitled to remuneration for the full period of office even where work is carried out outside of the scope set out in proposals agreed by creditors Facts The creditors’ committee….” http://www.lexology.com/library/detail.aspx?g=baf8c781-d618-44b2-a39a-757b8a8888f6&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-11-14&utm_term=

When should a provisional liquidator be appointed

When should a provisional liquidator be appointed November 6 2014 | LEXOLOGY Key Point A provisional liquidator may be appointed if the evidence justifies it even where the tax assessments upon which the winding up petition is based are under appeal. Facts P Limited was in dispute with….” http://www.lexology.com/library/detail.aspx?g=0fddedb9-cf30-4f6d-bac1-06d46dd6b259&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-11-14&utm_term=

PRA update on Solvency II implementation

PRA update on Solvency II implementation November 11 2014 | LEXOLOGY On August 11, 2014, a consultation paper regarding the transposition of the Solvency II Directive into the Prudential Regulation Authority PRA (“PRA”) rules was published. The paper sets out changes to the PRA’s rules required to implement the Directive as amended by Omnibus Directive… Continue Reading