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From time to time we will post news articles and announcements relating to the firm and to various legal issues that may be of interest to you.

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Following his withdrawal from mediation talks to settle his claim against Lloyds Banking Group, TV star and entrepreneur Noel Edmonds has secured litigation funding in his pursuit of up to £60m compensation from the banking giant.

The Law Society of England has reacted to further increases to court fees, which were very recently announced by the UK government, by claiming the move is a 'a further assault on access to justice for individuals and small businesses'.

While the government increased the maximum court fee, which is payable by a claimant to £10,000 in March 2015 – they are now proposing to double this amount to 'at least' £20,000.

The number of corporate insolvencies in England and Wales have dropped to the lowest level since the last quarter of 2007 with 4,052 companies entering into formal insolvency in the first quarter of 2015, which is one per cent less than the last quarter of 2014 and 11 per cent lower than in the same quarter in 2014.

Creditors' voluntary liquidations are also at their lowest since the summer of 2008 with 2,481 companies entering into a creditor's voluntary liquidation 2015 Q1 - six per cent less than 2014 Q1.

Posted by on in Litigation Funding

Apple have been fine circa £350 million for three patents relating to iTunes - the media player, library and mobile device management application.

Subject to an appeal, which is likely, the iTunes creators will now have to pay $530 million (£342 million) to Smartflash after a Texas jury concluded that Apple copied Smartflash’s patent (at least in part) and should pay for damages for such wrongdoing.

A new EU insolvency regime, hoped to "rescue and recover" viable businesses facing cross-border financial difficulties, has been backed by justice ministers throughout the EU. The Regulation must be formally adopted by, both the European Council and Parliament, before coming into force.

The new Insolvency Regulation is expected to come into force in 2017, and would replace the current regime - which has been in place since May 2002 - with a modern and "rescue orientated" approach. The new rules also aim to reinforce the single market while recovering from the financial crisis.

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Latest News

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