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27 June 2016 0 Comments Posted in News

Fears creditors will lose out follow demise of BHS

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More than 3,000 creditors could be wiped out following the collapse of retail giant BHS. The department store chain went into liquidation earlier this month – the biggest High Street casualty since the demise of Woolworths eight years ago. Former …

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Costs of Forex probe are uncovered

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The Serious Fraud Office (SFO) spent just over £2million on an investigation into alleged rigging of the foreign exchange (Forex market). The amount of money spent on the probe – which started in July 2014 and ran until March this …

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24 June 2016 0 Comments Posted in News

The Marine Insurance Act 1906 – Not Repealed but Radically Altered

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 The Insurance Act 2015 received Royal Assent on the 12 February last year.  It represented a major change to the Marine Insurance Act which served very well for over 100 years.  The Marine Insurance Act was a clear and well …

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1 June 2016 0 Comments Posted in Corporate & Commercial, Opinion

Figures show an increase in company insolvencies

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The number of companies that went into insolvency rose at the start of the year, new figures reveal.

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29 April 2016 0 Comments Posted in Dispute Resolution, Opinion

Online bankruptcy service introduced

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Earlier this month the Insolvency Service launched an online bankruptcy application service.

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31 March 2016 0 Comments Posted in Dispute Resolution, Opinion

HMRC’s performance is worrying insolvency practitioners

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A survey conducted by R3, the insolvency trade body, found that the tax authority’s involvement in winding-up proceedings was generally not welcome.

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21 March 2016 0 Comments Posted in Opinion

Butterfly effect

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The ghost of Madam Butterfly told the story of her tragic love affair with a cowardly American Naval officer in the intimate setting of Bury Court opera last night. Dressed in a torn white gown with her black hair escaping to her waist, soprano Mamie Matsuda seduced the audience with her powerful and haunting performance of her 15 year old self as she is duped into love and then cruelly abandoned by Officer Pinkerton, Elgan Llyr Thomas. Is to die with honour the only solution to her situation as Pinkerton and his new American wife decide to take her young son?

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12 February 2016 0 Comments Posted in News

Insolvency practitioner costs recovery exemption to be withdrawn

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In a statement to Parliament on 17 December 2015 the Under Secretary of State for Justice Dominic Raab MP announced that the Government would not be renewing the exemption to sections 44 and 46 of the Legal Aid, Sentencing and …

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Midas Trusts actions at the Court of Appeal in March

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Royds’ dispute resolution team is instructed on behalf of 214 individuals in connection with an action against their former trustees, a defunct firm of solicitors, and insurers AIG Europe Ltd (“AIG”). The combined claims are worth approximately £11million.

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8 February 2016 0 Comments Posted in Dispute Resolution, Opinion

Experts identify the changes on the way for dispute resolution

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Royds’ dispute resolution team has advised clients to be aware of a number of likely changes to litigation and alternative dispute resolution in the year ahead.

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14 January 2016 0 Comments Posted in News

Legal Update: Recovery of CFA success fee & ATE premiums by Insolvency Practitioners to be withdrawn

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In a statement to Parliament on 17 December 2015 the Under Secretary of State for Justice Dominic Raab MP announced that the Government would not be renewing the exemption to sections 44 and 46 of the Legal Aid, Sentencing and …

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18 December 2015 0 Comments Posted in Dispute Resolution, Opinion

Late payment continues to put a strain on businesses according to recent research

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A study conducted by insolvency trade body R3 has found that one in five businesses are owed payment on invoices that are at least 30 days old.

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