A lender which has taken security from a company has a number of options available when it comes to enforcing its security, depending on the nature of the security and the type of asset secured.
This guide outlines some of the additional matters you need to be aware of when selling a leasehold property.
HMRC will look to collect over £40m in unpaid taxes following legal case win against tax avoidance scheme promoter Hyrax Resourcing Ltd (Hyrax) at First Tier Tribunal (FTT).
As we await publication of the Corporate Insolvency and Governance Bill which is expected to include details of the new moratorium procedure and changes to wrongful trading provisions, in a surprise announcement on 23rd April 2020 the government confirmed that the Bill would also include further measures to protect commercial tenants from aggressive debt collection by landlords in respect of rent arrears which have accrued directly as a result of the coronavirus pandemic.
Orders for sale (following a charging order) are one of a number of methods available to creditors to enforce debts. The charging order secures the debt against a debtor’s title to property where the debtor holds an interest in land.
Parties to a contract should always look to ensure that a contract is certain. If a contract is incomplete then it may well be found to be unenforceable. A mere agreement to agree is not binding.
On 16 April Companies House announced that it was temporarily suspending its policy of striking off companies that do not comply with their legal responsibilities, such as filing their accounts on time or failing to register a change in registered address. This is an additional measure to help businesses struggling to cope with the financial and administrative pressures caused by the coronavirus pandemic, coming hot on the heels of the 3-month extension to the filing deadline for accounts.
The increase in awareness of sustainability issues in recent years has been phenomenal. It has been driven, in part, by the work of campaigners as well as forward-thinking politicians and business leaders. But it has also been prompted by the fact that the impacts of climate change are becoming ever more self-evident, from heat waves to catastrophic floods.
On 4th May 2021 the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England & Wales) Regulations 2020 come into force.
Following the Supreme Court decision in Montgomery v Lanarkshire Health Board (2015) the law relating to informed consent has been redefined. Before the change, it was down to the clinician to decide how much information to give a patient (providing that decision would be considered reasonable by a responsible body of medical opinion, the Bolam test). Post Montgomery, clinicians must ensure that their patient is fully informed about any potential risks to the proposed treatment, and of any alternative treatment options.