FWJ Informer - Summer 2013

Welcome to the FWJ INFORMER.

We are committed to excellence and aim to provide the highest possible quality of legal services to our clients. The FWJ INFORMER explains some of the recent legal developments that are relevant to the asset based lending industry and how they affect the conduct of your business.

This edition of the FWJ INFORMER explains the importance of getting the demand on a debtor right at the commencement of the process to appoint administrators and sets out some best practice steps for creditors to follow. Our insolvency team also looks at the welcome ruling of the Supreme Court on the interpretation of obligations as a provable debt in administration.

Our litigation team looks at the news that the long awaited changes to the law for enforcement of debts, including the abolition of the law of distress, are expected to be implemented in April 2014 and consider what this will mean for enforcing creditors.

Finally, we look at the long established principles of company law that give a company a separate legal identity to its shareholders and how effective the use of a limited liability company can be to protect the conduct of the individual.

If you want to know more about any of these topics, or have any questions, please contact us on: info@franciswilksandjones.co.uk

 

Disclaimer: This newsletter is a short selection of items which may be of interest and is only a summary of the relevant law. Further specific advice on any matter referred to must be taken at all times. No part of this publication may be reproduced without the prior permission of Francis Wilks and Jones. The information is given for general guidance only and publication is without responsibility for loss occasioned to any person acting or refraining from acting as a result of the information given.