Worldwide freezing orders are a powerful tool in litigation. They prevent a respondent from disposing of or dealing with assets up to a specified value, regardless of their location or ownership. When granted promptly and on proper grounds, a worldwide freezing order can secure assets and protect the value of a potential judgment. If
The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified as remuneration? Case law has highlighted the dangers of the treatment of a Director’s Loan Account (“DLA”), and the risks to directors of trying to re-categorise their DLAs as salary payments. This can mean that the information previously provided to
Partnership disputes: How can I avoid a litigation case arising from a bad partnership agreement? A well-drafted agreement forms the basis of a strong partnership. By clearly setting out the rights and responsibilities of each partner, partnership disputes can often be avoided. When a new partnership is set up, sometimes the partnership agreement is
