Two partners in a failed business have been told that the liquidator can call upon them to pay nearly £600,000 between them for the partnership’s liabilities and the expenses of the winding-up. The issue arose after the liquidators had applied for a call order under the Insolvency Act 1986. The order provided that the liquidators
The government has introduced its new Model Tenancy Agreement making it easier for tenants with well-behaved pets to secure leases. It means that landlords will no longer be able to issue blanket bans on pets. Instead, consent will be the default position, and landlords will have to object in writing within 28 days of a
The Countrywide estate agency group has won a contract dispute involving the £38m sale of one of its subsidiaries. The court heard evidence that Countrywide had agreed to sell its subsidiary, Lambert Smith Hampton Limited (“LSH”), to John Bengt Moeller in a share purchase agreement. Countrywide claimed that Moeller failed to pay £38 million needed to complete
A director who had conducted the affairs of a night club in a way that had unfairly prejudiced a minority shareholder has been ordered to make an interim payment to her of £200,000. The figure could be much higher once a further hearing takes place. A judge had found that the company’s affairs had been
The aircraft manufacturer de Haviland has been awarded $42m damages in a claim for breach of a purchase agreement for the sale of 25 planes. The issue arose after the customer SpiceJet had difficulty finding finance for the deal. The agreement was therefore amended by a change order so that the Scheduled Delivery Months for
While it is still too soon for any certainty and teething problems are likely to persist, it is possible to speculate and draw some current conclusions on the effect of Brexit on some areas of UK legal practice.
An English company has been told that its dispute with a supplier over faulty goods must be heard under German law as stated in the contract. The case involved TRW Ltd and Panasonic Industry Europe GMBH, and Panasonic Automotive Systems Europe GMBH. The issue arose when TRW claimed that electronic resistors supplied by Panasonic were
A disqualified director has been granted leave to run a company again after showing that he had overcome his drug and alcohol abuse issues and was a reformed character. The director had been disqualified for failing to pay VAT following the sale of a plot of land. The company went into liquidation without any assets
As we enter into the New Year with a new Covid variant leading to increasing social restrictions and rising case numbers and sadly deaths, it is tempting to be drawn into the cycle of despondency that confronts us all as soon as we open a paper or watch the news or click on social media.
Network Rail has won a £13m contract dispute that centred on the meaning of the word “default”. The issue arose after Network Rail engaged ABC Electrification Ltd to carry out some major works. Under the contract, ABC was entitled to payment based on the “”total cost””, which was defined to exclude “”disallowed cost””. ABC had