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For directors managing financially distressed companies, a comprehensive understanding of transactions at an undervalue (TUV) is not just beneficial, but crucial, especially when navigating insolvency. In this guide, we delve into transactions at undervalue, emphasising its definition, examples, potential consequences, and the relevant legal framework, particularly within the context of the Insolvency Act 1986. What […]

Misfeasance occurs when someone in a position of responsibility (e.g. company directors, officers, or other fiduciaries) carries out their duties in a way that causes harm or loss. While it can have serious consequences, misfeasance is not a criminal offence. Instead of criminal charges, those affected, or the relevant regulatory bodies, can file a civil

What is a contract of employment? A staff employment contract is a legally binding agreement between an employer and an employee. It outlines the terms and conditions of the relationship, including the role, responsibilities, work hours, compensation, benefits, and other working conditions. Why staff employment contracts are essential An employment contract protects both parties by

What is Commercial Arbitration? Commercial arbitration is a method for resolving business disputes. Unlike traditional court litigation, arbitration offers a private, streamlined, and often more efficient way to handle company conflicts. Corporate arbitration can address a wide range of disputes, from breaches of contract to complex financial disagreements. This quick guide explores international commercial arbitration,

Commercial Litigation Commercial litigation is a proven method for resolving commercial disputes, helping businesses achieve legally binding outcomes that protect their financial and operational interests.   To help you navigate the complexities of legal conflicts in the commercial world, this comprehensive guide provides an overview of what commercial litigation entails, explores common types of commercial

International arbitration resolves disputes between companies or individuals from different countries. Offering an unbiased way to resolve cross-border disputes, international arbitration is often more agreeable than using one party’s national court. However, getting to grips with international arbitration can be difficult. In this extensive international arbitration guide, we provide a handy overview of international arbitration,

Civil Fraud Explained Civil fraud is a growing concern. In 2023, the overall reported value of fraud in the UK more than doubled compared to the previous year, reaching approximately £2.3 billion. A few high-value cases drove this sharp increase, but the number of reported fraud incidents increased by 18% to a three-year high. In

What is the Insolvency Act 1986? Insolvency happens when an individual or business runs out of money and can no longer meet its financial obligations. The legal framework for dealing with personal and corporate insolvency is primarily governed by the Insolvency Act 1986. The Insolvency Act 1986 covers: The process by which individuals or companies

If an employer does not follow the correct procedures when dismissing an employee, they may face a claim of wrongful dismissal and a potentially large compensation payout. Most commonly, wrongful dismissal involves sacking an employee without notice and without payment in lieu of notice. Employment termination can be complex and challenging, and understanding your rights