Background A court judgment, given at an early stage, finding for a party without a full trial of the issues and hearing of evidence on the basis that the claim, defence or issue has no real prospect of success and there is no other compelling reason why the matter should be disposed of at trial. …
Summary Judgment: One of the most powerful tools in a Litigation armoury Read More »
The first reported judgment has now been handed down in respect of a landlord’s claim for commercial rent arrears concerning issues raised in a tenant’s defence as a result of the COVID-19 pandemic, in the case Commerz Real Investmentgesellschaft mbh v TFS Stores Limited [2021] EWHC 863 (Ch). The landlord sued for non-payment of rent …
As the Country entered lockdown in March 2020, the Government introduced various measures in response to the COVID-19 pandemic, which gave commercial tenants a number of temporary protections to assist them during the pandemic. Including a suspension on taking possession of premises from tenants based on forfeiture for non-payment of rent, restrictions on the use …
Rent Arrears Protection For Commercial Tenants Under Review Read More »
The Insolvency Act of 1986 introduced wrongful trading to build on the notion of fraudulent trading. It’s a much more common offence, as it’s not a criminal act and often done unwittingly. What is wrongful trading? Wrongful trading or ‘trading irresponsibly’ is a civil offence and is covered by section 214 of the Insolvency Act …
Courts have regularly stressed a winding up petition should not be presented by a creditor against a company as a means of collecting a debt. There is no doubt that it is far more effective at concentrating a debtor’s mind on paying a debt than issuing a claim in the County Court. Mainly due to …
An insolvency proceeding is a process taken when an organisation or individual are no longer able to meet their financial obligations and pay their creditors when debts are due and usually take place after less formal arrangements have failed and can be the result of bad financial management, changing market trends, heightened expenses and reduced …
An insolvency proceeding is a process taken when an organisation or individual are no longer able to meet their financial obligations and pay their creditors when debts are due and usually take place after less formal arrangements have failed and can be the result of bad financial management, changing market trends, heightened expenses and reduced …
Debt recovery doesn’t have a one-size-fits-all approach. Different businesses will have different processes and procedures, and within a single company, there will be other ways to approach individual customers. Therefore, understanding how to increase your chances of successful debt recovery can be confusing. How can you improve something when the processes can be vastly complex …
3 Ways to Increase Your Chances of a Successful Debt Recovery Read More »
B2B debt collection isn’t plain sailing for even the most experienced credit professionals. However, there are ways to improve your results and recover the debts you are due. The people behind the business can often see the processes of debt collection as something set in stone. But, it’s important to remember that when it comes …
3 Ways to Improve Your B2B Debt Collection Performance Read More »
The Bounce Back Loans Scheme(BBLS): the most popular support scheme launched by the Government to assist UK businesses because of the impact of the Covid-19 pandemic. 1.4 million businesses, small to large, have taken out loans totalling over £43 billion. The loans, interest-free for the first 12 months and then low-interest for the remaining duration, …
The Bounce Back Loans Scheme: What Will Happen in 2021 Read More »