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UK banks years away from end to mis-selling scandal: Ombudsman

UK banks years away from end to mis-selling scandal: Ombudsman #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #reuters #thefinancialombudsmanservice January 6, 2015 | Reuters LONDON: Britain’s banks will be paying out compensation to customers mis-sold loan insurance for years to come, having already set aside 24 billion pounds ($36.5 billion) to deal with the issue, the chief financial… Continue Reading

Sycamore Aviation creditors set for £750k shortfall

Sycamore Aviation creditors set for £750k shortfall #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #mattheword #northeastnews #durhamteesvalleyairpirt #sycamoreaviation #fwcapital January 5, 2015 | By Matthew Ord | North East News Creditors look set to miss out on about £750,000 following the administration of Durham Tees Valley Airport-based Sycamore Aviation, according to a creditors report. FW Capital is expected… Continue Reading

Storms Gathering For Restructuring Of Group Entities Underscore Need For Up-To-Date Advice

Storms Gathering For Restructuring Of Group Entities Underscore Need For Up-To-Date Advice #paulfordyce #wwwpmflegalcom #auslaw #sydneylawyer #ankersorenson #mondaq December 30, 2014 | By Anker Sorenson | Mondaq In this article, the author Anker Sorensen, a senior partner of the Financial Industry Group of Reed Smith Paris, practising predominantly in the area of Corporate and Restructuring,… Continue Reading

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