The fact pattern is depressingly familiar: Party A owes money to Party B for goods or services. A fraudster, whether by hacking the emails of A or B or otherwise, manages to present an invoice to A with B’s account details revised so that when A pays, the money goes to an account held by […]
Category: Legal Update
Covid-related insolvency and winding up provisions extended again
The government has confirmed that the “COVID rules” for winding-up petitions and statutory demands will be further extended to 30 June 2021. This news will be some relief to businesses whose finances have been hit hard by the pandemic and frustrating to creditors who have had their ability to enforce their debts curtailed for more […]
Covid-19 FCA Test Case Judgment
“On 15 September 2020 the High Court handed down its Judgment in the test case brought by the FCA seeking clarity on the meaning and effect of several business interruption insurance policy sample clauses (The Financial Conduct Authority (FCA) v Arch Insurance & Ors [2020] EWHC 2448 (Comm). The test case was brought by the […]