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Thousands Of Scots ‘Face Bankruptcy In The Year Ahead’

Thousands Of Scots ‘Face Bankruptcy In The Year Ahead’ #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #bbcnewsandinsolvency #bryanjackson January 2, 2015 | BBC News and Insolvency About 1,000 companies will go bust and 12,000 Scots will be made bankrupt in the coming year, a report has predicted. Business advisers BDO said many companies had seen an economic improvement… Continue Reading

Payday loan caps come into force

Payday loan caps come into force #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #rupertjones #theguardian #martinwheatly January 2, 2015 | By Rupert Jones | The Guardian Well over a million people will see the cost of their borrowing fall now that new price caps on payday loans have taken effect. However, early indications are that many of the… Continue Reading

I’ll drink to landlord freedom and pubs staying in business

I’ll drink to landlord freedom and pubs staying in business #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #zoewilliams #gregmulholland December 31, 2014 | By Zoe Williams | The Guardian In November 2014, MPs voted to untie pubs from large pub chains (pubcos) – before this, the agreement was that in return for reduced rents each individual pub would… Continue Reading

City Link workers brace for redundancy notices despite rumours of potential buyer

City Link workers brace for redundancy notices despite rumours of potential buyer #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #citylink #rmt #sarahbutler #theguardian December 30, 2014 | By Sarah Butler |The Guardian More than 3,700 posts at risk as administrators warn of ‘substantial redundancies’ at collapsed courier’s depots around UK Workers at the collapsed courier firm City Link… Continue Reading

Directors disqualified for misuse of investment funds

Directors disqualified for misuse of investment funds #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #shearmanandsterlingllp #assocationofcorporationcounsel #nigelwalter #michaelanthonydavis December 23, 2014 | By Shearman & Sterling LLP | Association of Corporate Counsel On December 19, 2014, the UK Insolvency Service reported that two former directors of Connaught Asset Management, Nigel Walter and Michael Anthony Davies, have both been… Continue Reading

Right to enforce an “in rem” claim is not lost where the claim is issued after the court has ordered the sale of the vessel

Right to enforce an “in rem” claim is not lost where the claim is issued after the court has ordered the sale of the vessel #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #alexandraallan #associationofcorporationcounsel #bankoftokyo-mitsuibishiufjltd #sankomineral December 22, 2014 | By Alexandra Allan | Association of Corporation Counsel Bank of Tokyo-Mitsuibishi UFJ Ltd v Sanko Mineral (The MV… Continue Reading

Court of Appeal finds clear breach of unless order for e-disclosure

Court of Appeal finds clear breach of unless order for e-disclosure #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #jamesfarrell #mauramcintosh #associationofcorporationcounsel #smailes December 19, 2014 | By James Farrell and Maura McIntosh | Association of Corporation Counsel The Court of Appeal has held that claimant liquidators were in breach of an “unless order” for e-disclosure, overturning the High… Continue Reading

Stand and deliver up – obtaining information from third parties under UK Insolvency Act

Stand and deliver up – obtaining information from third parties under UK Insolvency Act #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #cathrynwilliams #kunalgadhvi #associationofcorportationcounsel #cometgrouplitd #embracoeurope December 23, 2014 | By Cathryn Williams and Kunal Gadhvi | Association of Corporation Counsel The UK court recently considered the extent of s236 Insolvency Act 1986 (“IA 1986”) in the case… Continue Reading

City Link private equity firm hopes to recover £20m despite job losses

City Link private equity firm hopes to recover £20m despite job losses #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #zoewood #theguardian #citylink #bettercapital December 30, 2014 | By Zoe Wood | The Guardian While administrators announce substantial new year job cuts, City Link’s owner Better Capital tells stakeholders it expects to recoup 50% of investments The private equity… Continue Reading

City Link collapse: Owner recoups £20m as taxpayers foot bill for redundancies

City Link collapse: Owner recoups £20m as taxpayers foot bill for redundancies #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #jimarmitage #theindependent #citylink #bettercapital December 29, 2014 | By Jim Armitage | The Independent The private equity firm behind City Link expects to recoup about £20m from the collapse of the parcel delivery giant – as taxpayers are left… Continue Reading