Insolvency and Debt Recovery

Thursfields Talk Legal: the positive sides of insolvency to be discussed at free webinar

STEPHEN ROME

The way that insolvency can become a positive outcome for businesses facing financial problems will be discussed at Thursfields Solicitors’ webinar next month. Stephen Rome, a director in the Dispute Resolution department at Thursfields Solicitors, and an expert in contentious insolvency matters, will host the free Talk Legal webinar at 10am on Wednesday 16 September….

The (other) perils of COVID-19 – Thursfields Solicitors

STEPHEN ROME

The Coronavirus has had a devastating impact on human life and torn through the UK economy as quickly as the Australian bushfires we witnessed earlier in the year. In order to address the impact on the economy the UK government have been quick to rush through two pieces of legislation to provide support to businesses…

Plans for emergency insolvencies legislation get cautious welcome from Thursfields

Buisness Team meeting

The drafting of emergency legislation to soften insolvency rules during and after the COVID-19 lockdown has been cautiously welcomed by a top expert at Thursfields Solicitors. Stephen Rome, a senior associate solicitor in the Dispute Resolution department at Thursfields, was commenting after various reports debating the pros and cons of the forthcoming changes. Business secretary…

Protecting Your Business – Coronavirus (COVID-19) | Corporate and Commercial Law

Business team meeting consulting the project.professional investor working the project. Concept business and finance

The Coronavirus (COVID-19) pandemic is of great concern to many businesses as they balance putting contingency plans in place to protect their staff’s wellbeing and also continue to provide their products and services to clients. Thursfields Solicitors is open for business as usual and has the resources and legal expertise to guide you. All of…

Can leasehold property be disclaimed by a trustee in bankruptcy?

Senior Associate Solicitor Lauren Hartigan-Pritchard

In the recent decision of Abdulla v Whelan [2017] EWHC 605 (Ch) the court of appeal was asked to consider whether the first instance decision that a notice of disclaimer under Section 315 of the Insolvency Act 1986 (“the Act”) could not terminate the legal ownership of an underlease was correct. Mrs A was a…

Crescent Farm principle no longer applies in bankruptcy

Senior Associate Solicitor Lauren Hartigan-Pritchard

In the recent case of Leeds and another v Lemos and others [2017] EWHC 1825 (Ch) the High Court held that, following the recent Court of Appeal decision in Avonwick Holdings Limited and others v Shlosberg [2016] EWCA Civ 1138 (“Avonwick”), the principle formulated in Crescent Farm (Sidcup) Sports Limited v Sterling Offices Limited [1972]…

Hire purchase assets not exempt from bankruptcy

Senior Associate Solicitor Lauren Hartigan-Pritchard

In the recent decision of Mikki v Duncan (as Trustee in Bankruptcy of Mr. Mikki) [2017] EWCA Civ 57, CA, 3 February 2017 the Court of Appeal was asked to consider whether a car being purchased by the bankrupt through a hire purchase agreement was exempted from property which vests in a trustee in bankruptcy…

Lauren is named top young solicitor in Birmingham professional awards

Lauren-Top young solicitor

Lauren Hartigan-Pritchard, a senior associate at Thursfields Solicitors, has been named best young solicitor in the Legal Section in the Birmingham Young Professional of the Year (BYPY) Awards. She received her award at a gala event held at the International Convention Centre in Birmingham. The BYPY awards celebrate Birmingham’s best professional services talent under the…

Equity of Exoneration

Spring Budget 17

Indirect benefit to co-owner does not prevent equity of exoneration arising in their favour In the recent decision of Armstrong v Onyearu and another [2017] EWCA Civ 268, the Court of Appeal held that an indirect benefit to a non-bankrupt co-owner will not defeat the principle of equity of exoneration. Where jointly owned property is…

Directors Duties Update

Senior Associate Solicitor Lauren Hartigan-Pritchard

In the recent decision of Dickinson v NAL Realisations (Staffordshire) Ltd, the High Court had to determine whether certain transactions entered into by a company with one of its directors had been adequately authorised, whether they contravened the Companies Act 2006, whether they entailed breaches of duty on his and his co-directors’ parts, and whether…

Insolvency Update

Thursfields Staff Member 38

Restriction on the re-use of a company name does not apply to insolvent partnerships In the recent decision of Re Newtons Coaches Limited (Newton and another v Secretary of State for Business Energy and Industrial Strategy) [2016] EWHC 3068 (Ch) (29 November 2016 the High Court held that the restrictions on the re-use of a…

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