Insolvency Update: New Guidance for Directors
When a company approaches or enters into insolvency, its directors need to be more aware than ever of their duties. Failure to comply with these legal duties can result in a director having personal liability for the company’s debts or being disqualified from being a...
Regulation Update: The Current Status of the Edinburgh Reforms
The Financial Services and Markets Bill received royal assent on 29th June 2023. This act is critical to the delivery of the government’s post-Brexit vision for economic growth, and the creation of an open, sustainable, and technologically advanced financial services...![Philipp v Barclays Bank UK Plc [2023] UKSC 25](https://eruyy322fq5.exactdn.com/wp-content/uploads/2023/07/hellooodesign-qW1Iob14q-Q-unsplash-1080x675.png?strip=all&fit=1080%2C675&lossy=1&ssl=1)
Philipp v Barclays Bank UK Plc [2023] UKSC 25
In a decision that gets straight to the heart of the relationship between banks and their customers, on 12th July the Supreme Court handed down its much-anticipated judgment in Philipp v Barclays Bank UK Plc [2023] UKSC 25. In a landmark decision that challenges the...
Director Disqualification and misconduct claims on the rise
The Insolvency Service’s latest report on enforcement outcomes records a significant increase in director disqualifications. A total of 932 directors were disqualified by the Insolvency Service in 2022/23, compared to 802 in 2021/2022. Misconduct or unfitness of...
