Summary
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Gatehouse Chambers, Insolvency Act 1986 (UK), High Court of Justice (England & Wales)
Having successfully obtained judgment for your client in a case where your firm of solicitors is acting under a conditional fee agreement (CFA), it is only natural that thoughts will turn to the firm’s own impending financial reward. But the terms of a CFA, negotiated at the outset of the case, can prove to be a barrier to their underlying commercial purpose: payment by result.
United Kingdom, Insolvency & Restructuring, Legal Practice, Litigation, Gatehouse Chambers, Solicitor
Section 262(1) of the IA 1986 provides that a debtor, creditor or nominee may apply to the court where: (a) a voluntary arrangement approved by a creditors’ meeting summoned under section 257 unfairly prejudices the interests of a creditor of the debtor, or (b) there has been some material irregularity at or in relation to such a meeting.
United Kingdom, Insolvency & Restructuring, Litigation, Gatehouse Chambers, Debtor, Insolvency Act 1986 (UK)