It is often the case, that insolvency claims are pursued against former directors of the insolvent company or persons connected to them. It is also often the case, that such claims are assigned to a litigation funding company given lack of funds in the insolvent estate to pursue them. This is what happened in Lock … Continue Reading
The minefield of surrenders and assignments A lease can often be the most financially draining contract a company has hanging around its neck, which can be particularly burdensome when the tenant company is already facing financial distress. Administrators are regularly faced with the task of relieving the administration estate of an onerous, costly lease and … Continue Reading
Invoice finance has dominated the lending landscape in 2014 and has outperformed all other types of business lending in the UK. We examine below many issues which may arise in the restructuring of those businesses funded by invoice discounters. 1. Isn’t invoice discounting just a form of finance like any other? Yes and no. Invoice … Continue Reading
