In Crystal Palace FC v Kavanagh the Court of Appeal has decided that liability for staff dismissed by the administrator before the sale of the club did not pass to the buyer under TUPE.
Several blogs ago, I asked whether a party could still argue that the Notified Sum (as defined in the Housing Grants Construction Regeneration Act 1996, as amended by the Local Democracy, Economic Development and Construction Act 2009 - the Act) was not payable even in the absence of a Pay Less Notice. To continue the theme of Pay Less Notices and their absence, what about the interplay between construction law and insolvency law - in the absence of a Pay Less Notice, and faced with a petition to the court to wind them up, could a party defend itself by saying that the so-called 'debt
With business liquidations and administrations down in Q1 of 2013, what will be the likely effect on claims against insolvency practitioners?
The numbers
The Insolvency Service recently reported that:
In an unusual move the High Court recently wound up a credit union on its own motion. Despite some procedural irregularities with the winding up petition, it was felt that the exceptional facts of this particular case justified the measure.
The case concerned a credit union registered under the Industrial and Provident Societies Act
The Technology and Construction Court has decided that judgment should not be stayed following a contractor's unsuccessful defence of an adjudication claim brought by its M&E subcontractor.
The case reaffirmed some key principles in assessing whether a stay is justified in adjudication enforcement proceedings:
The retention of a proportion of the contractor's fee is common practice in construction contracts. The parties sometimes agree (usually in unamended industry standard building contracts) that the retention amount is held on trust by the employer in a separate bank account. But what happens if there is no such express provision and the employer becomes insolvent?
In November 2012, People Can, a charity employing around 300 people, went into administration after being overwhelmed by a pensions deficit of over £17 million. With charitable donations and public funding reducing, they will not be alone, as many charities face an uncertain future.
In recent years, regulators from across the professional spectrum have invested heavily in devising new procedures for handling complaints. Often, these new procedures seek to better serve the consumer by being more straightforward and more efficient. Insolvency regulators are the latest to grasp this nettle.
Regulating IPs
The demise of the ARP after 30 September 2013 and the prospect of new entrants to the solicitors’ professional indemnity market creates the possibility of more incidences of insurer insolvency. We look at the consequences for firms insured by those insurers.
No financial stability requirement for qualifying insurers
The financially challenged NHS trust which in July became the first to be put into the Regime for Unsustainable NHS Providers should be dissolved, according to its special administrator.