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Subscribe to this list via RSS Blog posts tagged in insolvency claim

Staff at a Scottish clinical waste disposal firm are facing financial hardship as an ongoing contested insolvency action means that redundancy payments are being delayed.

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The total number of individuals being formally declared as insolvent has reached its highest level for the past six years, based on data from March to May 2018. There are now a record number of UK citizens proceeding with Individual Voluntary Agreements (IVA’s), an arrangement whereby individual debtors agree to repay their creditors some or all of what they owe.

Tennis legend Boris Becker, who won the first of 3 men’s singles at Wimbledon in 1985 at the tender age of 17 and who earned $25m in a successful 22 year playing career, is taking a somewhat unconventional approach in trying to avoid bankruptcy proceedings in the UK Courts. The popular ex-player turned TV pundit was declared bankrupt in June 2017, owing bankers Arbuthnot Latham & Co an undisclosed sum of money.

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Latest News

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  • Whilst Covid-19 may have forced many parts of society to slow down and re-think our approach to all aspects of our lives, recent comments by a number of High Court judges would seem to indicate that this is certainly not happening in civil and commercial litigation. The 3 judges have expressed their disquiet over the ever increasing pervasiveness of hostile and antagonistic approaches to litigation where every point, good or bad, is taken. In the case of Navigator Equities Ltd & Ors v Deripaska from July this year, Mr Justice Andrew Baker said that, in the 30 years in which he had worked in commercial dispute resolution: There has been a significant general increase in hostility and aggressiveness in the conduct of disputes…the taking of any and every point, good or bad, and other failures to display proper independence from the litigating client... Read More