A lot of people profit from financial arrangements in which family members and/or friends assist them financially. This is most common when parents give their adult children money to help them buy a home or make other financial ventures. But what happens if there is a divorce and a disagreement between the spouses over the…

What is a Collateral Warranty? A collateral warranty is a contract in which a party participating in the works guarantees to a third-party beneficiary that it has met its commitments under its underlying construction contract, subcontract, or professional appointment, known as the underlying contract in this article. In this post, we will look at the…

To get business loans or support a commercial tenancy arrangement, you can be required to provide a personal guarantee as a director of the firm. You may not have considered much about it at the time. However, if you refuse to make payments or the firm collapses and is unable to repay the loan, your…

Personal data breaches are defined by the Information Commissioner’s Office (ICO), the UK’s executive agency responsible for protecting information rights, as security incidents that affect the availability, integrity, or confidentiality of personal data. This article is intended for companies who want to learn more about how to handle a data breach. We will discuss important…

Facing financial distress is a stressful time for any business owner, particularly when considering a name change with the appointed insolvency practitioner. It can feel like the walls are closing in during insolvency, and the future is uncertain, but a change of name might provide a fresh start, especially with the guidance of a licensed…

The captain steers the ship, but what happens when the ship hits an iceberg? In the business world, bankruptcy is the iceberg, and the captain – or rather, the directors – is left weathering the financial storm. But what exactly does bankruptcy mean for a director of an insolvent company? Is it smooth sailing into…

Imagine this: your company is sailing along smoothly, but then you hit a financial iceberg. Suddenly, you’re facing insolvency, and creditors are circling like sharks. But wait, what’s that about the onset of insolvency? It sounds like a potential transaction at undervalue. There seem to be some questionable transactions defrauding creditors from before the storm….

Running a business is like sailing a ship – exciting adventures, constant challenges, and the occasional financial squall that may require the use of an invoice discounting facility. One particularly frustrating aspect can be waiting for customers to settle their invoices, which is why many businesses choose to use invoice discounting. This cash flow lag…

Unexpected accidents can occur at any time, leaving victims not only with physical injuries but also with severe emotional and financial burdens that can complicate their compensation claim. Accidents can occur when you least expect them to. Regardless of whether you were injured in a slip and fall, a job injury, or a car accident,…

Any law firm wanting to attract and retain the most talented personnel must keep up with evolving legal recruitment trends in the fast-paced world of legal services. These vary from adopting technology to knowing current candidate preferences. Incorporating Technology in Recruitment The process of legal recruiting has continued to evolve as technology advances, requiring firms…