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    Corporate Claims Bulletin - November 2016 - Practice and Procedure
    2016-11-15

    Dixon v Radley House Partnership (A Firm) [2016] EWHC 2511 (TCC)

    The claimant (D) brought negligence proceedings against the defendant (R) a firm of architects, for refurbishment works.

    In the draft claim form, D had referred to a loss of £35,894.00 allegedly caused by negligent misrepresentation on the part of R, who had been instructed on 27 October 2007.

    The draft claim form and the fee were prepared up to a value of £50,000.00 and were received by the court on 25 October 2013, less than six years after the cause of action arose.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Professional Negligence, Eversheds Sutherland (International) LLP, The Royal Bank of Scotland
    Authors:
    Paul Coppin
    Location:
    United Kingdom
    Firm:
    Eversheds Sutherland (International) LLP
    Marshalling Allows Individuals to Benefit from Agricultural Charges
    2016-11-16

    The High Court has recently held that an individual may claim the proceeds of the sale of assets subject to an agricultural charge by the application of the equitable remedy of marshalling.

    Agricultural Sector

    Filed under:
    United Kingdom, Agriculture, Banking, Insolvency & Restructuring, Litigation, Squire Patton Boggs
    Authors:
    Gemma Whale , Devinder Singh
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    Third Party Disclosure - PricewaterhouseCoopers v SAAD (Privy Council)
    2016-11-17

    Privy Council considers entitlement to costs of preparing to comply with a third party disclosure order

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Clyde & Co LLP
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Horton v Henry - Was Justice Achieved? Undrawn Pension Entitlements and Insolvency (Part 2)
    2016-11-24

    In May 2015, I wrote an article about the conflicting lower court decisions in Raithatha –v- Williamson and Horton –v- Henry, concerning undrawn pension entitlements and income payment orders. The Court of Appeal has now finally handed down its long expected Judgment.

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, SE Solicitors, Bankruptcy, Court of Appeal of England & Wales
    Authors:
    Petra van Dijk
    Location:
    United Kingdom
    Firm:
    SE Solicitors
    UVW v XYZ (A Registered Agent) BVIHC (COM) 108 of 2016
    2016-11-25

    The BVI High Court granted Norwich Pharmacal relief against a registered agent for a judgment debtor who was subject to an interim freezing order.

    The judgment creditor had obtained an interim freezing order against the judgment debtor, and was seeking general information as to the assets of the judgment debtor, following a pattern of concealment of assets to frustrate enforcement of a foreign judgment. The judgment debtor had failed to comply with an overseas freezing order and had been held in contempt of court for failing to disclose assets.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Ashfords LLP
    Authors:
    Olivia Bridger , Alan Bennett
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    Pensions Round-Up October 2016
    2016-11-28

    Welcome to the latest edition of DLA Piper’s monthly newsletter – Pensions Round-Up – in which we provide an overview of developments in pension legislation, case law and regulatory guidance. In this edition we look at key developments from October 2016 including the following. ■ The Pensions Regulator: the publication of reports which look at cases concerning the power to declare scheme amendments void, failures to complete the scheme return, and the potential use of the Regulator’s anti-avoidance powers.

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Employment & Labor, Insolvency & Restructuring, Insurance, Litigation, Tax, DLA Piper, The Pensions Regulator (UK), Department for Work and Pensions (UK)
    Location:
    United Kingdom
    Firm:
    DLA Piper
    Third Parties (Rights Against Insurers) Act 2010 - Claiming against insolvent defendants
    2016-11-28

    After much delay, the Third Parties (Rights Against Insurers) Act 2010 (the 2010 Act) came into force on 1 August 2016. The 2010 Act aims to assist parties wishing to claim against insolvent companies and individuals who supply professional services by allowing them to claim directly against their insurers.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Ashfords LLP
    Authors:
    Stephen Homer , Stuart Willis
    Location:
    United Kingdom
    Firm:
    Ashfords LLP
    The Insolvency of Agents- When Agency Agreements are Irrevocable
    2016-11-10

    The case ofBailey v Angove’s Pty Ltd heard in the UK Supreme Court has confirmed the general rule that an irrevocable agency will only be created in exceptional circumstances: there must be a specific agreement that the agent’s authority is irrevocable and the authority must be given with the intention of securing an interest of the agent.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Squire Patton Boggs
    Authors:
    Susan Kelly
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    Beware of your intentions when declaring dividends
    2016-11-11

    The facts

    Through corporate acquisitions and asset transfers, BAT Industries plc (“BAT”) (a Claimant in the proceedings) became liable to contribute to the clean-up of the sediment of the Lower Fox River in Wisconsin, U.S.A. Arjo Wiggins Appleton Limited (“AWA”), a wholly owned subsidiary of Sequana SA (“Sequana”) (a Defendant in proceedings), became liable to indemnify BAT for part of any monies paid out. Provision was duly made in AWA’s accounts to reflect a best estimate of the value of such liability.

    Filed under:
    United Kingdom, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Burges Salmon LLP, Dividends, Companies Act 2006 (UK)
    Authors:
    Patrick Cook
    Location:
    United Kingdom
    Firm:
    Burges Salmon LLP
    Fighting the flab: UK Supreme Court seeks to limit the scope for remedial constructive trusts
    2016-11-14

    Shortly before insolvency, financially distressed companies often receive monies which appear "morally" to be due to third parties, such as customer deposits or monies due to be received by the company as agent on behalf of its principal. If the company then enters an insolvency process, can it keep the money, leaving the customer/principal with no more than the right to prove, as an unsecured creditor in the insolvency? Or should the money be protected by some form of trust in favour of the "morally entitled" recipient?

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, White Collar Crime, DLA Piper
    Authors:
    Michael Fiddy , Catherine Burton
    Location:
    United Kingdom
    Firm:
    DLA Piper

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