It’s an unfortunate fact of business life that at some point, you may need to take formal legal action to recover monies owed to you or your business. There are two main approaches to collecting such debts; direct legal action through the courts, or appointing an external debt collection agency.
Advantage Litigation News & Updates
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.
In what is a sign of things to come for many elements of the civil justice system in the UK, earlier this month the first stage of the Ministry of Justice’s (MOJ) Online Court went live in beta / live test form. The new online system, which over time is set to replace the current, ageing Money Claims Online (MCOL) system, will allow members of the public to issue county court money claims up to £10,000 in value. MCOL will remain live during the beta test period. A spokesperson for the MOJ said that the new technology and scheme “begins to deliver the vision set out by Lord Briggs… where he called for claims worth up to £25,000 to be solved in an online court”.
Casino Wins In Supreme Court Dispute
Phil Ivey, 10 times winner of the World Series Of Poker and one of the world’s best known professional gamblers, has
recently lost his bid to recover £7.7m in winnings from a game of Punto Banco (a Casino card game based on baccarat) that
took place in 2012 at Crockfords Club in London.
Electronics payments (i.e. BACS) are now the method of choice for UK SMEs, according to the Close Brothers Business Barometer.
The quarterly study, which gathers opinions from owners/managers across the UK and Ireland, shows that sixty five per cent (65%) of SMEs have stopped using cheques in the last five years; instead making use of electronic payment methods.
Insolvency body, R3's Business Distress Index, shows that 24 per cent of businesses are 'distressed' – which is a record low.
Following a Downing Street summit on UK payment practices, the Government has recently revealed new proposals, which are aimed at helping businesses across the country tackle the issue of unfair payment terms and other unfair payment practices.
Latest News
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New Tests are Coming for Professional Negligence Claims
Following recent Supreme Court rulings in two professional negligence cases, the Court has outlined a “wholly new legal roadmap” for professional negligence claims made in England and Wales. As a result, the Professional Negligence Lawyers Association (PNLA) have said that existing claims will now need to be reviewed, stating that “for many there could be a substantial impact on the likely chances of success and the assessment of financial loss”.The cases in question are Khan v Meadows [2021] and Manchester Building Society v Grant Thornton UK LLP [2021]. The first case centred on whether a medical expert, who failed to diagnose that a mother carried the haemophilia gene, was liable for the costs associated with her son’s autism as well as his haemophilia, whilst the second case concerned whether accountants Grant Thornton were liable for the costs of a building society... Read More
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Failed Business Claims Highlights Risks of Not Having Professional Representation
A recently failed business claim that was dismissed at court has once again highlighted the many pitfalls and legal complexities facing litigants in person (LIPs – that is, individuals taking legal action without professional representation from a solicitor or barrister). The claim in question - Daly & Anr v Ryan & Anr. 2021 - concerned an individual businessman who had a costly judgment entered against him simply because he had repeatedly failed to abide by the rules. Read More
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Law Firms look to New Ways of Working as Numbers Shrink
Latest statistics from the Solicitors Regulation Authority (SRA), who are responsible for the regulation of solicitors and law firms in England and Wales, confirm what many in the profession have been predicting for a while; that law firms are accelerating the consolidation process as they begin to embrace new ways of working. Read More