FWJ Informer - Winter 2012

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 looks at two of the hot topics for administrators that have developed in the course of 2011: how to ensure administrators have been validly appointed by directors of a company using the out of court route where there is no qualifying floating charge holder and whether the employee protections contained in TUPE 2006 are available to the employees of companies in administration. Insolvency law is facing a lot of change in the coming year, and we summarise some of the anticipated changes. We also look at the possible benefits to ABL’s and their customers from a proposed extension of the law on late payments and, once again, some recent examples of the recurring problems that prevent effective recoveries under guarantees and indemnities.

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.