News and Resources

Business Interruption – Pre Trigger Losses and Trends Clauses

15 / 1 / 2021

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Successful Insolvency Judgement

2 / 11 / 2020

Insolvency Update – In the Matter of Wow Internet Limited

 

Forum Chambers’ Darragh Connell represented the successful applicant in the case of Hunt (as Liquidator for Wow Internet Limited) v Majid [2020] EWHC 2890 Ch following a remote trial that took place in July 2020.

 

Judgment was handed down earlier this week. It has already received considerable attention from insolvency practitioners faced with the common situation of a director failing to adduce contemporaneous records to substantiate the legitimacy of payments made from a company’s bank account prior to its liquidation with Deputy ICC Judge Frith finding as follows:

 

“22. In short, if the directors of a company conduct the business informally and take a lackadaisical approach to the supply of contemporaneous documentary evidence, they do so at their own risk.”

 

A full copy of the judgment is available here:

https://www.bailii.org/ew/cases/EWHC/Ch/2020/2890.html

 

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Business Interrupted? The High Court delivers its judgment in the FCA Test Case

15 / 9 / 2020

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Winding-Up Petitions after the New Insolvency Practice Direction relating to the Corporate Insolvency and Governance Act 2020

11 / 9 / 2020

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Section 233B of the Insolvency Act 1986: Implications for suppliers and debtor companies

10 / 8 / 2020

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Corona-Debt: The Impact on Small Businesses

13 / 7 / 2020

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Business Interrupted and Justice Delayed? High Court to rule on business interruption insurance policies but affected businesses should seek advice now

4 / 6 / 2020

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Corporate Insolvency and Governance Bill 2020: Temporary Changes

28 / 5 / 2020

Ruhi Sethi-Smith looks at the temporary changes which are to be brought in by the Bill to mitigate the economic damage caused by Covid-19 and the short term implications for businesses.

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The Corporate Insolvency and Governance Bill 2020: Permanent changes

28 / 5 / 2020

Further to the Government’s recent Corporate Insolvency and Governance Bill, Nathan Webb takes a look at the permanent changes and their implications for Businesses and Professionals.

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