OFT review of compliance with debt management guidance
The OFT has launched a review of industry compliance with its debt management guidance. The guidance sets out the minimum standards of behaviour for providers of debt management services. However, the...
View ArticleAutomatic termination of indemnity upon insolvency event breaches...
T agreed to indemnify M in a contract in relation to some particular litigation that may be brought against M. The agreement said that the indemnity would automatically end if M suffered any insolvency...
View ArticleOFT proposes greater powers for landlords in insolvencies
The Office of Fair Trading (OFT) has published a report recommending far-reaching reforms of the corporate insolvency regulatory regime. In the report, the OFT said that landlords, as unsecured...
View ArticleHigh Court consider financial assistance and special resolution error...
Under section 678(1) of the Companies Act 2006 (CA), it is unlawful for a public company or its subsidiaries to give financial assistance to any person acquiring, or proposing to acquire, shares in...
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