LEXLAW Solicitors & Barristers
Sky News interviewed our Insolvency Team’s senior partner on the Comet Group collapse into administration. The administrators’ proposals revealed that while secured creditors were set to recover only about a third of their debts, unsecured creditors—including HMRC, employees, and customers—would receive less than 1p in the pound.
Claims against solicitors for breach of trust are increasing following losses from property fraud in loan transactions. Recent Court of Appeal rulings confirm solicitors can be liable for parting with loan money before completion, even if acting reasonably and following protocols. However, relief from liability is possible if conduct is reasonable and not causatively linked to loss.
Major banks may suspend swap payments for financially distressed businesses while an independent review is conducted. Suspension is considered case-by-case and does not imply wrongdoing by the bank. Banks reserve their rights regarding suspended payments. Contact Lexlaw for expert help if you need support against UK Banks.
Disputes often arise when a person leaves more than one will, due to changes in financial circumstances or beneficiaries. Courts decide which will is valid by examining the testator’s intentions and the governing law. Clear, certain, and carefully considered wills help avoid such conflicts. Lexlaw provides expert advice to resolve probate disputes and protect your interests. Contact Lexlaw for professional assistance with contested wills.
This landmark case involves claims by Graiseley Properties and Guardian Care Homes against Barclays Bank, alleging mis-selling of interest rate derivatives linked to LIBOR manipulation. It was the first English court case to address alleged fraudulent misrepresentation by Barclays related to LIBOR fixing. The case established precedents on implied misrepresentation and involved extensive evidence, including senior Barclays management. Legal experts are available to advise clients affected by such financial product mis-selling.
This article provides an overview of Inheritance Tax (IHT) in the UK, explaining its objectives, historical development, and current operation under the Inheritance Tax Act 1984. It critically examines the fairness and efficiency of the tax and explores proposals for reform. The content is designed to help clients understand how IHT affects estate planning and wealth transfer. For professional advice tailored to your circumstances, contact Lexlaw Solicitors.
The early advertisement of winding-up petitions can be a serious abuse of process, potentially causing unjust harm to businesses before legal matters are resolved. We provide expert guidance and representation to protect clients from these premature actions. We focus on securing fair treatment and safeguarding your business’s reputation. Contact us today for professional support.
The review of Interest Rate Hedging Products, including Tailored Business Loans, by Clydesdale and Yorkshire Banks in agreement with the Financial Services Authority. Customers who were not considered sophisticated at the time of sale shoul receive fair treatment and possible redress. The review is overseen. If you think this affects you, professional legal advice is available to protect your interests.
HMRC uses complex expert evidence from KPMG in VAT and MTIC fraud cases to challenge appellants. Without your own expert response, this evidence may go uncontested, risking your case. Early and expert legal support is vital to protect your interests and effectively counter HMRC’s claims. Contact Lexlaw Solicitors for professional advice and representation.
Barclays Bank was fined for manipulating LIBOR, impacting many UK small businesses sold complex interest rate derivatives on misleading terms. Banks implied LIBOR rates would be fair, but this was untrue, affecting the validity of these contracts. Businesses may seek contract termination or damages. Contact Lexlaw for expert evaluation and legal support on your claim.