Whilst being nothing new to the market place, the Enterprise Investment Scheme (EIS) introduced over 20 years ago has been the launch pad for many ideas and developments that have gone on to bring great return and growth for small high risk companies that would have otherwise struggled to raise debt or equity finance.
Continue ReadingSuppliers will often not consider on what basis they are contracting for the supply of goods or services. This may be as they feel they can deliver on the contract and so there is no risk. Often, the issue for many is that they do not foresee a potential liability arising. Others may believe that they are contracting on their standard terms of business, though often these are not brought to the attention of the customer, either at the point of contracting, or at all. This note examines the potential issues facing a supplier through lack of a suitable contract.
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In the case of BHL v Leumi ABL Ltd [2017] EWHC 1871 (QB) the High Court required an invoice discounter to refund excessive collection fees charged after the administration of Cobra Beers Limited.
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Article by Andrew Koffman, Litigation Partner
1 October 1987, a typical grey autumn day in Manchester, a far cry from the hurricane-strength winds that buffeted Britain exactly 2 weeks later. But a big day for me; after 6 years of study and training, I was finally admitted as a solicitor. I had a moderately exciting morning serving a search order on a defendant although the location (a block of multi-storey flats) was about as unglamorous as it could get!
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The Law Gazette recently shared this article titled ‘Low-cost Manchester mediation pilot aims to ‘fill a gap’ which discusses a new initiative involving the launch of new a pilot scheme encouraging mediation as a less costly way of resolving civil disputes.
Nick Harvey Partner and Head of Litigation, comments on this recent article, whilst discussing Bermans new dispute resolution product – Escalate.
Continue ReadingWe have in the past been critical of faults in the court system and the drive towards ever increasing fees, so it is only fair that we also give credit where credit is due.
Continue ReadingThe process of replacing the Insolvency Rules 1986 and 28 subsequent amendments has necessarily involved difficult balancing exercises between the interests of numerous stakeholders, but the general consensus among creditors is that The Insolvency (England and Wales) Rules 2016 (SI 2016/1024) (“IR 2016”) which came into force on 6 April 2017 are likely to significantly improve the insolvency process for most creditors.
Continue ReadingThe FLA has joined forces with the Department for Education (DfE) and the National Association of School Business Management (NASBM) in producing a new document “Leasing Guidance for Schools”.
This document replaces the previous FLA publication from 2011 – ‘Tips for Successful Leasing in Schools’.
Continue ReadingThe Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017. The new Regulations implement the Fourth EU Money Laundering Directive (“MLD4”) and entirely replace the Money Laundering Regulations 2007, and their provisions are markedly more comprehensive.
Continue ReadingFollowing an extensive consultation process since 2009 the final version of the Pre-Action Protocol for Debt Claims as dictated by the Ministry of Justice will come into force on 1 October 2017.
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