Is an Out-of-Hours Administrator Appointment Valid? Nobody knows

11 March 2020

In Woodside and Ratten v Keyworker Homes (North West) Ltd, the High Court considered a directors’ appointment of administrators, which was made outside court opening hours. The case was caused by the uncertain and contradictory law that surrounds out-of-hours appointments. The directors of the Keyworker Homes (North West) Ltd (the Company) electronically filed at court […]

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Government provides welcome advice on fire safety in residential buildings

11 March 2020

The Government’s Expert Panel has now issued a consolidated advice note on fire safety following the Grenfell Tower tragedy. The note provides guidance for building owners to act on and highlights the importance of doing so promptly to ensure the safety of residents. The new guidance consolidates the 22 Advice Notes issued in the wake […]

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The legal status of cryptocurrency in English law is cryptic no more!

11 March 2020

A recent English High Court judgment has provided much needed legal certainty in respect of the status of cryptocurrency as property in English law. Background In September 2018 (although only reported in November 2019), the High Court granted a freezing order over Bitcoin and Ethereum held by a trading platform (Elena Vorotyntseva v Money-4 Service […]

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FCA launches investigation into Authorised Corporate Directors following Woodford

11 March 2020

It was expected that the collapse last year of the Woodford Equity Income Fund (the Woodford Fun) would cause the FCA to shine a spotlight on Authorised Corporate Directors (ACDs). It was no surprise that in January 2020 the FCA formally began its investigation into the ACD market. ACDs are corporate bodies that operate OEICs, […]

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Libor – What Next?

4 March 2020

In our last article on the topic of Libor, we discussed the phasing out of the interest rate benchmark during the course of 2020 and 2021. This month we discuss what steps lenders and borrowers may wish to take to reduce Libor exposure. 1. Establish where your LIBOR exposures are: You may want to check […]

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