Summer 2014

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 forward to a number of proposed changes and focuses on some of the key features of the new Small Business, Enterprise and Employment Bill that was introduced in June 2014. No doubt there will be amendments to the Bill during its passage through Parliament, but for now we look at some of the possible changes to receivables finance, insolvency processes and the regulation of the insolvency profession, company law and the disqualification of directors and consider what impact such changes could have on you.

Completing a busy season for insolvency reform proposals, FWJ’s insolvency team also looks at the Graham Review on pre-pack sales in administration.

Finally, a note of caution from FWJ’s litigation team about the risks for a party to a dispute refusing to participate in a mediation process: a persistent refusal to mediate has been held to be unreasonable and the refusing party was penalised by an indemnity costs award against that party.

If you want to know more about any of these topics, or have any questions, please contact us on:


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.