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 […]
Category: Legal Update
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 […]
APP Scams
The scenario is depressingly familiar: an individual or company intends to make payment to a genuine payee, but is tricked – often by someone hacking their email – into authorising a payment to an account in fact controlled by a scammer. The industry name given to such diverted payment frauds is Authorised Push Payment Scams. […]