When banks or other financial institutions get into difficulties, the primary concern of judges is to protect the interests of retail investors. The High Court did exactly that in the case of an investment firm which held many millions in clients’ funds and assets when
Loss of major clients is a common cause of corporate insolvency, but a link between the two events can be hard to prove. Exactly that challenge was faced by a cable installation company that was already making substantial losses when it was dropped by its
Signing personal guarantees in respect of loans made to your thriving business may seem virtually risk free. However, as a High Court case showed, times can sadly change and that is why legal advice is always necessary. The case concerned a professional firm that had
Administrators of insolvent companies often face criticism as a consequence of holding the frequently embattled line between shareholders and creditors. That was certainly so in a High Court case concerning a troubled hotels group. Administrators had been appointed by secured creditors of the group, which
