Author: LEXLAW Solicitors & Barristers

Two leather-bound ledgers of different thickness divided by a brass ruler on a walnut desk.

London Bankruptcy Petitions: The New £500,000 Threshold

Since 22 June 2026, a creditor’s bankruptcy petition against a debtor whose case belongs to the London Insolvency District must, in most cases, be presented to the County Court at Central London unless the debt is £500,000 or more, in which case it goes to the High Court. The dividing line used to be £50,000. The change moves cases between courts. The £5,000 minimum debt for bankruptcy and the 18 days you have to challenge a statutory demand stay exactly as they were.

Realistic business finance documents, house model, calculator and coin stacks on an office desk, representing UK government-backed business loans and directors’ personal guarantees.

Government-Backed Business Loan, Personal Guarantee: Are You Still Liable?

A government guarantee protects the lender, not the director who signed. This guide explains how personal guarantees work under the Growth Guarantee Scheme, Bounce Back Loans and CBILS, what exposure directors still face, and where a guarantee can be challenged before or after a lender’s demand.

Hourglass and scales of justice representing the limitation period for liquidator claims after THG v Zedra

Can a Liquidator Sue After Six Years? THG v Zedra Explained

On 25 February 2026 the Supreme Court held in THG v Zedra that unfair prejudice petitions have no statutory limitation period. The majority also said the six-year rule for section 238, 239 and 423 claims was wrongly decided. We explain what this means for directors facing liquidator claims and the defences that remain.

A miniature house model on a legal document with stacked coins and a cityscape sunset background.

Have you been served with a Charging Order?

A charging order secures an unpaid court judgment against a debtor’s property or investments, and here we explain how the process works, what it means for joint owners, and how it compares to other enforcement routes.

Preparation for Mediation in UK

Preparation for Mediation in UK

Entering mediation without proper preparation can undermine even the strongest legal position. This article explains why effective preparation is essential to successful mediation, how realistic expectations and a clear strategy can influence settlement discussions, and the practical steps parties should consider before the process begins. Whether you are an individual or a business facing a dispute, understanding how to prepare for mediation can significantly improve your prospects of achieving a timely, cost-effective and commercially sensible resolution.

Supreme Court Raises the Bar for Directors’ Good Faith Duty

In a significant July 2026 ruling, the Supreme Court has confirmed that a director’s duty to act in good faith under section 172 of the Companies Act contains an objective element. A director who covertly pursues his own preferred outcome while misleading the board breaches his fiduciary duty, even where his motives are sincere.