The High Court recently considered directors’ duties and obligations when it comes to dealing with company assets post-liquidation. Although the case in question (Mitchell V Al Jaber 2023 EWHC 364) concerned the British Virgin Islands law, the decision was determined…
The insolvency of one of the companies within a contractual chain can cause major difficulties for all concerned. However, as one High Court case showed, professional drafting of agreements can provide invaluable protection against such risks. A large contractor had…
One of the primary purposes of insurance is to give peace of mind, but those who do not read the small print can find that the cover that they have paid for is illusory. Exactly that happened in one case…
When companies hit financial trouble and are at risk of insolvency, directors owe a legal duty to consider the interests of creditors. In one case where that signally did not happen, two directors who credited their loan accounts with large…
Multinational companies frequently move their operations between countries – but how do to the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) impact on their search for value? The issue was strikingly raised by a case in which a…
Paying the National Minimum Wage (NMW) is a strict legal requirement and employers that fail to do so can be hit with punitive penalties. In one case, an employment agency that laid on thousands of underpaid workers at a warehouse…
Following a consultation, the Presidents of the Employment Tribunal have issued revised guidance on the amount of compensation payable for injury to feelings in discrimination cases (the 'Vento' bands). In future, the guidance will be subject to revision on an…