After the UK Supreme Court ruled that employment tribunal fees were unlawful, this article looks at how that decision was reached and what it will mean in practice.
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This month we have seen the unveiling of the most recent Beauhurst Report – The Deal - which provides data and statistics on equity investment in the UK in 2016. Here we look at the headlinges, including the fact that crowdfunding is the one source of equity funding which continued to see steady growth in 2016.
Earlier today, the FCA made a formal announcement of its plans to further regulate crowdfunding and peer-to peer-lending in the UK in 2017. The last time we saw formal regulation from the FCA in relation to these two sectors was in April 2014, and given the growth of alternative methods of raising finance an increase of regulation in this sector has therefore been expected. But what could it mean?
A gratuitous alienation is a transfer of property from a debtor to another party for no consideration or an inadequate consideration. A recent Supreme Court ruling found that a series of conveyances of properties some nine months before the sellers went into administration was an attempt to divert assets away from creditors.
Recently, the English High Court found that although the directors of a company which had entered administration had continued trading wrongfully, their actions did not increase the net deficiency of the Company. As a result the directors would not be personally liable to contribute to the Company’s assets for distribution to creditors.