LEXLAW Solicitors & Barristers
The Corporate Insolvency and Governance Act (“CIGA”) came into force on 26 June 2020 introducing a number of reforms aimed at providing protection to directors and companies in financial distress,…
The third amendment to the Civil Procedure Rules 2020 will come into effect from 1 October 2020. Following a public consultation, extensive revisions were undertaken to condense the previous rules and to set out a uniform procedure. The new Part 81 reduces the number of rules from 38 to 10. Our specialist litigation lawyers can advise you in relation to any contempt of Court applications you may wish to issue or defend.
This is another decision from the Chancellor of the High Court, which demonstrates that Court’s are likely to prioritise arbitration when it comes to disputed debts.
The DPS is intended to promote a wholesale change of culture in the approach to the disclosure process in civil litigation, with the hope that it will result in a more efficient and flexible disclosure process, tailored to the individual requirements of each case.
This decision confirms the rule against reflective loss as an important tool to protect the payment waterfall for unsecured creditors in the event of a company’s insolvency.