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December 3, 2015

Pre-Pack administrations can allow an insolvent company to sell off its business and assets free of debt without notice to its creditors. Sometimes the sale is to the same people who ran the company into the ground. Creditors often feel short changed. If the company has to apply to Court to enter administration, there is a protection from Pre-Packs, but creditors have to be alert.

 

When a creditor petitions to wind up a company that owes an undisputed debt, the ideal result is that the startled...

December 3, 2015

The Supreme Court in dismissing the appeal in Parking Eye Ltd v Beavis, has found that an £85 charge for overstaying in a car park is enforceable. The decision considers and updates the law on penalty clauses.

 

 

On 4th November 2015, the Supreme Court handed down judgment in the matter of Parking Eye Ltd v Barry Beavis [2015] UKSC 67. The case received much media attention as Mr Beavis, a chip shop owner from Essex, challenged a parking fine of £85 which he received for overstaying the free two...

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