LEXLAW Solicitors & Barristers
From outdated statute to FCA rulebook: the Consumer Credit Act 1974 is facing its most significant overhaul in fifty years. Automatic sanctions that have protected borrowers for decades are proposed for repeal, voluntary termination rights hang in the balance, and the window to enforce existing statutory protections is closing. Here is what every borrower needs to know before the law changes.
Bringing an unfair prejudice petition under section 994 of the Companies Act 2006 involves strict procedural requirements at every stage, from pre-action conduct and the correct form of presentation through to interim injunctions, split trials and share valuation. This article explains the full procedure, the key strategic decisions involved, and why instructing specialist solicitors from the outset is essential to achieving a fair outcome.
Directors who continue trading after they knew, or ought to have concluded, that there was no reasonable prospect of avoiding insolvent liquidation or administration may face personal liability under section 214 of the Insolvency Act 1986. During the period in which a company is insolvent or nearing insolvency, directors’ decisions may also come under closer scrutiny, particularly where losses to creditors increase.
Growing scrutiny of regulatory oversight has reignited claims that small businesses were exposed to hidden liabilities through complex lending structures, raising significant legal questions around misrepresentation, regulatory accountability, and SME redress.
Thousands of UK businesses were mis-sold complex interest rate hedging products (IRHPs) by major banks between 2001 and 2012. While the FCA’s formal review scheme has closed, significant routes to redress remain open in 2026, particularly for victims of hidden swaps, LIBOR manipulation, and professional negligence. This article explains who can still claim, why time is critical, and what a specialist solicitor can recover for you.
Our client, Dr Elizabeth Donald represented by Jaron Dosanjh, told The Times that MFS’s collapse had been a “nightmare” in regards to her personal portfolio. Barclays, Santander and Wells Fargo are some of the institutions thought to be caught up in the Mayfair lender’s collapse — but what about individuals? Article by James Hurley, Assistant Business Editor, The Times
The Proceeds of Crime Act 2002 gives UK authorities wide powers to freeze and recover assets without a criminal conviction. This guide explains how POCA affects directors and businesses, common enforcement tools, legal defences, and steps to protect corporate and personal assets.
In Manolete Partners Plc v Trevor Howarth [2024] EWHC 2294 (Ch), the High Court dismissed a £101,000 claim against the former CEO of One Legal Services. Manolete alleged that repayments to Mr Howarth’s director loan account during the firm’s CVA were unlawful preferences under the Insolvency Act 1986. Judge Barber disagreed, holding the payments were made in good faith.
The Tribunal in Hastings Insurance Services Ltd v HMRC confirmed that UK intermediaries can recover VAT on services provided to overseas insurers. This decision challenges HMRC’s interpretation of VAT law and sets a strong precedent for cross-border transactions.
Unjust enrichment is a powerful remedy in English law allowing recovery where one party is enriched at another’s expense without legal justification. This guide by LEXLAW Solicitors explains how restitution claims arise in commercial, financial, and contractual disputes. We outline key legal principles, real-world examples, and common defences helping you understand your rights and take action.