Stephen Downie

Changes affecting Insolvency Practitioners and Directors

by Stephen Downie October 16, 2015 Business Law

Regulations have introduced the key provisions of the Small Business, Enterprise and Employment Act 2015 (“the Act”) as regards its affect on Directors and Insolvency Practitioners.  This introduces very important changes which will have a considerable impact on Directors and the position of Insolvency Practitioners acting as Administrators or Liquidators. The key changes are addressed below. 1.  Insolvency Practitioners – a […]

Read the full blawg post →

Transparency of Companies: Beneficial Interests

by Stephen Downie December 24, 2014 Law

Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. The Bill is currently undergoing readings before the House of Lords following the 1st reading on 19 November 2014 and the 2nd reading on 2 December 2014. Part 7 of the Bill inserts a new requirement into […]

Read the full blawg post →

Pub Tenant Landlords and Reform of the Pub Code

by Stephen Downie December 24, 2014 Business Law

Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. The Bill is currently undergoing readings before the House of Lords following the 1st reading on 19 November 2014 and the 2nd reading on 2 December 2014. It is well publicised that following derestriction of the pub sector in the 1990s a […]

Read the full blawg post →

Setting Up a Business – Types of Funding

by Stephen Downie December 11, 2014 Business

Whilst funding is critical to a company’s business it is also vital to ensure the right product is obtained relevant to the company’s business needs. Whilst there are numerous financial products available out there, the most common forms of lending to companies are as follows: Fixed Charge – this is similar to a personal mortgage […]

Read the full blawg post →

Company Deadlock – The Options

by Stephen Downie August 7, 2013 Law

Commercial disputes are an unfortunate reality of company life, made all the more challenging when faced with the unenviable situation of company deadlock. In a deadlock scenario, parties of equal standing in a company (i.e. 50:50 director shareholders) are essentially unable to make any decision on behalf of the company as neither party has the […]

Read the full blawg post →

WHAT IS INSOLVENCY?

by Stephen Downie August 6, 2013 Law

Insolvency is classically a measure of either the net assets an individual or company owns, or the ability of that individual or company to pay its debts as and when they become due. This article addresses corporate insolvency, i.e. as it relates to companies, and the various mechanisms that exist under UK legislation to deal […]

Read the full blawg post →