What is meant by director disqualification? A disqualification order is made under the Company Directors Disqualification Act 1986 by the Court. The Act applies to a person who has been formally appointed as a director and so to someone who has carried out the functions of a director and to shadow directors. What is a […]
Director disqualification FAQs Read More »
Companies can fail for a variety of reasons and there are times when honest and hard-working individuals find they can no longer trade out of their difficulties. However, creditors are understandably disgruntled when one company falls into liquidation and the second company seemingly starts up overnight with the same directors but importantly with no obligation
“Like a Phoenix Rising from the Ashes” Read More »
“A person with an enterprising attitude says, ‘Find out what you can before action is taken.’ Do your homework. Do the research. Be prepared. Be resourceful. Do all you can in preparation of what’s to come”. Jim Rohn Entrepreneurs are by necessity energetic people. They strive to make things happen fast. If they have a
Shareholder disputes Read More »
Central London law firm James Edward & Associates has retained its national Law Society’s law management quality Paul , Lexcel. Lexcel is developed specifically for the legal profession. It is an optional, recognised accreditation scheme for law firms which gives assurance that a practice meets high client care and business management standards. To gain and retain Lexcel
James Edward & Associates secures top accolade from national Law Society(1) Read More »
Introduction So you did some work for a client in Madrid and you are based in England. In the event of non-payment, how do you recover the sum due to you under your invoice for professional accountancy services provided? Prior to the regulations referred to below, if a small business or consumer needed to recover
“POST BREXIT – HOW DO I RECOVER A DEBT FROM A CLIENT IN EUROPE?” Read More »
The biggest risk area is around contracts, particularly in the SME sector, where businesses may not have the resources to pursue a costly claim. The warning comes after a change to LASPO that came into force in April which now means that businesses are unable to insure their costs in the event of collapse to
Encompass Corporation LASPO Survey on Insolvency Read More »
In late 2014 James Edward & Associates was approached by a client. He was a young man, just 18 at the time and unfortunately his father had died. Our client was distressed. After his father’s death a Will materialised leaving a small legacy to him and other small legacies to friends and other family of the
The High Court case of Harvest Finance Ltd (in liquidation) v Cannons Law Practice LLP and another [2014] EWHC 4327 (Ch) considered whether an order should be made that the costs incurred by a law firm in providing documents be met by the insolvent estate (the liquidator had applied for an order pursuant to section
The bankruptcy threshold will increase to £5,000 for creditors’ bankruptcy petitions presented after 1 October 2015 as set out in the Insolvency Act 1986 (Amendment) Order 2015. Should a bankruptcy petition be presented prior to this date, the current minimum bankruptcy level of £750 will apply. Whilst debtors will welcome the move, creditors wishing to
Bankruptcy threshold rises to £5,000 Read More »
In this two part series, solicitor and founding partner James Edward of James Edward & Associates and Barrister Louise Bowmaker of Enterprise Chambers, take a look at the legislation relating to directors’ overdrawn loan accounts. In Part 1 we looked at the Companies Act 2006 but as stated in our earlier blog above the 1985 Act will continue
Overdrawn Directors’ Loan Accounts – Part 2 Read More »
