Read more about Insolvency
Ben Ruggles discusses the recent decision in Ebbvale Ltd v Hosking and the relevance of a creditor's purpose in presenting a winding up petition. Read more
Victory for the banks in the first swaps mis-selling case was short-lived. Last week the FSA reported back on pilot cases examined under its redress scheme. More than 90% of sales were made in breach of FSA rules. Compensation is expected to be significant, with the four biggest banks having already made provision totalling £700m between them. Read more
The collapsed prosecution of the Farepak directors appears to have been a monumental waste of public money. It should never have been brought. Reports suggest that the cost to the taxpayer of the 5 year investigation could be as much as £20 million. This includes the directors’ legal costs which were conceded by the prosecution. Read more
28 May 2012 saw the largest ever collapse of a law firm when Dewey & LeBoeuf filed for Chapter 11 bankruptcy in the United States and, on the same day, the London entity (Dewey & LeBoeuf UK LLP) entered administration. Read more
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