News and Resources

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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COVID-19: Force Majeure and Frustration

7 / 4 / 2020

In light of the impact that COVID-19 is having on the ability of businesses to trade as normal, Ruhi Sethi-Smith explores the principles underlying the use of force majeure clauses and the doctrine of frustration.

Members of Forum Chambers advise on a wide range of commercial disputes, including contract, banking and finance, and insolvency. If we can be of any assistance, please do get in touch with us on the usual phone numbers and email addresses.

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