HMRC preferential status and the impact on personal guarantees

HMRC preferential status and the impact on personal guarantees The government’s reinstatement of HM Revenue & Customs (HMRC) to the position of a secondary preferential creditor in insolvent liquidations comes at a time when many businesses are being squeezed and cash flow is poor. Lenders may be more inclined to seek personal guarantees before

HMRC preferential status and the impact on personal guarantees2021-07-07T14:32:45+01:00

Wrongful or insolvent trading: Can company directors be personally liable?

Wrongful or insolvent trading: Can directors be personally liable? Wrongful trading occurs when company directors continue to trade past the point when they knew or should have known that there was no reasonable prospect of avoiding insolvent liquidation and in addition they did not attempt to minimise potential loss to the company’s creditors at

Wrongful or insolvent trading: Can company directors be personally liable?2021-07-07T14:35:27+01:00

The FCA and business insurance: Are Covid-19 interruptions covered?

The FCA and business insurance: Are Covid-19 interruptions covered? Following disputes and disagreement over whether business insurance companies were required to pay out on business interruption policies following the Covid-19 outbreak, the Supreme Court has made a ruling which will help many businesses make successful insurance claims. On 15 January 2021, the Supreme Court

The FCA and business insurance: Are Covid-19 interruptions covered?2021-07-07T14:36:24+01:00

The Legal Industry in 2021: Advice, guidance and representation

The Legal Industry in 2021: Advice, guidance and representation The difficulties of 2020 forced the legal industry to adapt quickly to provide advice, guidance and representation to clients during lockdowns and commercial turmoil. We understand more about the changes in the legal industry in 2021. Lawyers have on the whole moved rapidly to adjust

The Legal Industry in 2021: Advice, guidance and representation2021-07-07T14:37:10+01:00

Covid-19 debt recovery: How can I make a claim during the pandemic?

Covid-19 debt recovery: How can I make a claim during the pandemic? While the government’s temporary rules seek to protect businesses during troubled times, curbing Covid-19 debt recovery measures is increasing the pressure on many. We take a look at the new legislation and at what options are available for those who are

Covid-19 debt recovery: How can I make a claim during the pandemic?2021-01-18T11:01:23+00:00

UK Government publishes new guidance on contractual behaviour during the Covid-19 pandemic

UK Government publishes new guidance for contractual behaviour during the Covid-19 pandemic In May 2020, the Government issued guidance on responsible contractual behaviour in dealing with the performance and enforcement of contracts impacted by the Covid-19 emergency. The document is not legally binding, however, parties are strongly encouraged to follow its guidance for not

UK Government publishes new guidance on contractual behaviour during the Covid-19 pandemic2021-07-07T14:49:34+01:00
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