Domestic abuse victims should have right to keep address secret, say campaigners – Daily Telegraph

Posted October 7th, 2013 in children, debts, disclosure, domestic violence, news, privacy, victims by sally

“A woman is calling for new laws to allow victims of domestic violence to withhold their addresses in court to protect them and their children.”

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Daily Telegraph, 6th October 2013

Source: www.telegraph.co.uk

Payday lenders: FCA proposes tougher controls on adverts and rollovers – The Guardian

“Payday lenders will be forced to make tougher affordability checks under a crackdown by the City regulator that could stop borrowers being given loans within minutes of applying.”

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The Guardian, 3rd October 2013

Source: www.guardian.co.uk

Criminals to be fined for damage caused in jail – Daily Telegraph

Posted September 30th, 2013 in criminal damage, debts, fines, news, prisons, statistics by sally

“Criminals who damage prison property will have their jail wages docked to pay for the cost of repairs, under new measures announced by Chris Grayling, the Justice Secretary.”

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Daily Telegraph, 29th September 2013

Source: www.telegraph.co.uk

Breaking news for astrophysicists: Black holes can collapse – Hardwicke Chambers

Posted September 25th, 2013 in costs, debts, insolvency, landlord & tenant, news, pensions, Supreme Court by sally

“OK, so the title perhaps implies that what follows is more interesting than it is. However, the most recent decision of the Supreme Court in the Nortel/Lehman litigation is of considerable importance for all of us, particularly in the current economic climate.”

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Hardwicke Chambers, 23rd September 2013

Source: www.hardwicke.co.uk

Manchester loan sharks jailed after preying on young mothers – BBC News

Posted September 25th, 2013 in debts, interest, intimidation, loans, money laundering, news by sally

“Three Manchester loan sharks who charged vulnerable people 100% interest and menaced them by mobile phone have been jailed.”

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BBC News, 24th September 2013

Source: www.bbc.co.uk

Van Buggenhout and another v Banque Internationale à Luxembourg SA – WLR Daily

Posted September 23rd, 2013 in debts, EC law, foreign companies, foreign jurisdictions, insolvency, law reports by sally

Van Buggenhout and another v Banque Internationale à Luxembourg SA (Case C-251/12); [2013] WLR (D) 353

“A payment made at the behest of debtor subject to insolvency proceedings to one of the latter’s creditors did not fall within the scope of article 24(1) of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings. That provision enabled a person who honoured an obligation ‘for the benefit of’ a debtor, who was subject to insolvency proceedings opened in another member state , when it should have been honoured for the benefit of the liquidator, to be deemed to have discharged it if he was unaware of the opening of proceedings.”

WLR Daily, 19th September 2013

Source: www.iclr.co.uk

LAG: ‘disturbing’ drop off in legal aid cases – LegalVoice

Posted September 11th, 2013 in civil justice, debts, housing, legal aid, news, statistics by tracey

“The Legal Action Group has warned that what remains of civil legal aid could just ‘wither away’ as new research reveals ‘a disturbing reduction’ in the take-up of cases, writes Jon Robins. According to the group, there has been a marked drop off even for the cases still covered by legal aid.”

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LAG report

LegalVoice, 11th September 2013

Source: www.legalvoice.org.uk

Father jailed for stealing to launch son’s racing career – Daily Telegraph

Posted September 9th, 2013 in debts, fraud, news, sentencing, tax evasion, taxation by tracey

“A father has been jailed for stealing £600,000 from the taxpayer to try and make his son the next Lewis Hamilton.”

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Daily Telegraph, 9th September 2013

Source: www.telegraph.co.uk

Debt adviser jailed for preying on ‘vulnerable’ customers – BBC News

“A self styled debt adviser has been jailed for bullying customers into remortgaging their homes and then pocketing the money for himself.”

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BBC News, 21st August 2013

Source: www.bbc.co.uk

Bailiffs called in by councils for 1.8m debts, charity warns – BBC News

Posted August 22nd, 2013 in bailiffs, debts, local government, news, repossession by sally

“Local councils have called in bailiffs an ‘excessive’ 1.8m times in the last year to collect debts on their behalf, according to the Money Advice Trust.”

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BBC News, 22nd August 2013

Source: www.bbc.co.uk

High Court ruling establishes certainty for members of underfunded pension schemes on company insolvency, says expert – OUT-LAW.com

Posted August 5th, 2013 in administrators, debts, insolvency, news, pensions by sally

“It would be ‘unprincipled’ to allow administrators of an insolvent company to use money ring-fenced for the purposes of its underfunded pension scheme to settle their debt to the scheme’s trustees, the High Court has ruled.”

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OUT-LAW.com, 2nd August 2013

Source: www.out-law.com

Nortel / Lehman Supreme Court decision: guidance on insolvency expenses and provable claims – 11 Stone Buildings

Posted July 31st, 2013 in administrators, debts, expenses, insolvency, news, pensions by sally

“The Supreme Court ruled today that sums claimed under a Financial Support Direction of the Pensions
Regulator that is issued after a company’s entry to insolvency will rank as provable debts. It disagreed with both the High Court and a unanimous Court of Appeal, which had held that sums claimed under such a FSD were payable as insolvency expenses. The Supreme Court also rejected an argument that such a claim ranked below ordinary creditors as a non-provable liability.”

Full story (PDF)

11 Stone Buildings, 24th July 2013

Source: www.11sb.com

OFT forces payday lenders out of market – The Guardian

“Almost a third of the payday lenders ordered to clean up their practices have opted to withdraw from the industry, the Office of Fair Trading has revealed, as the deadline for firms to respond passed.”

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The Guardian, 30th July 2013

Source: www.guardian.co.uk

In the matter of the Nortel Companies; In the matter of the Lehman Companies; In the matter of the Lehman Companies No 2 – Supreme Court

Posted July 29th, 2013 in administrators, contribution, debts, expenses, insolvency, law reports, pensions by sally

In the matter of the Nortel Companies; In the matter of the Lehman Companies; In the matter of the Lehman Companies No 2 [2013] UKSC 52 (YouTube)

Supreme Court, 24th July 2013

Source: www.youtube.com/user/UKSupremeCourt

Nortel decision restores claims by the Pensions Regulator to position envisaged by Parliament, expert says – OUT-LAW.com

Posted July 25th, 2013 in debts, insolvency, news, pensions by tracey

“Claims by the Pensions Regulator in relation to an insolvent company’s pension scheme rank as provable debts alongside the claims of other unsecured creditors, the UK’s highest court has ruled.24 Jul 2013.”

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OUT-LAW.com, 24th July 2013

Source: www.out-law.com

Menelaou v Bank of Cyprus UK Ltd – WLR Daily

Posted July 5th, 2013 in appeals, banking, debts, law reports, restitution, substitution by tracey

Menelaou v Bank of Cyprus UK Ltd: [2013] EWCA Civ 1960;   [2013] WLR (D)  266

“A bank which had released its charges over property in exchange for a new charge over property purchased from the proceeds of sale of the other property was entitled by subrogation to an unpaid vendor’s lien on the new property.”

WLR Daily, 2nd July 2013

Source: www.iclr.co.uk

Roundtable: future of the bar – Law Society’s Gazette

Posted June 24th, 2013 in barristers, debts, diversity, legal aid, legal education, news, pupillage by sally

“The fortunes of commercial and publicly funded barristers could hardly be more divergent at present. But it is not simply a ‘tale of two bars’. The bar’s monied and impecunious sections are co-dependent, according to those present at the Gazette’s roundtable discussion on the future of the bar. That division in fortunes is not new. But it has increased, and if further legal aid cuts follow, will become even more dramatic. As the discussion starts, it is noted that of 1,700 students emerging from bar school each year, perhaps fewer than 400 will secure pupillages – a modern low.”

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Law Society’s Gazette, 24th June 2013

Source: www.lawgazette.co.uk

SDT rulings send out warning to law firms over relationships with debt recovery companies – Legal Futures

“Law firms must not allow arrangements with debt recovery companies to compromise their independence, the Solicitors Regulation Authority (SRA) has warned, after two solicitors were fined heavily for allowing litigation to be carried out in their name.”

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Legal Futures, 17th June 2013

Source: www.legalfutures.co.uk

Group Seven Ltd v Allied Investment Corpn Ltd and others – WLR Daily

Group Seven Ltd v Allied Investment Corpn Ltd and others [2013] EWHC 1509 (Ch); [2013] WLR (D) 224

“A company which had a sole director, who also owned all its shares, did not hold or control its assets in accordance with that sole director and shareholder’s ‘direct or indirect instructions’ within the meaning of paragraph 6 of the standard form freezing order in the Civil Procedure Rules.”

WLR Daily, 6th June 2013

Source: www.iclr.co.uk

Committal Applications in financial remedy proceedings: when, how and why to make one – Zenith Chambers

“An order made in family proceedings for the payment of money can be enforced by judgement summons, and, if the statutory criteria are satisfied, an order made committing the judgement debtor to prison for up to 6 weeks. Given that in all likelihood only half of this time will be served, and that the time served doesn’t actually produce any cash for the creditor, the obvious question for the person seeking to
enforce the order is ‘what is the point?’. In fact, the Court of Appeal said as much in the case of Mubarak in 2000; ‘I doubt whether experienced specialist practitioners will think that it has sufficient value for money to be worth its initiation.'”

Full story (PDF)

Zenith Chambers, 16th May 2013

Source: www.zenithchambers.co.uk