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UK corporate profit warnings at a three-year high as strong pound puts pressure on earnings

Increased competition, pricing pressures and the strong performance of sterling are putting pressure on UK businesses despite the wider economic recovery, according to a new report by consultancy Ernst and Young (EY). 29 Jul 2014

UK Supreme Court decision clarifies potential for recovery of bribes from insolvent agents, says expert

The ability of firms to recover bribes and damages from their agents ahead of other creditors if the agent becomes insolvent has been restored by a decision of the UK's Supreme Court, an expert has said. 28 Jul 2014

Out-Law Guides

  • Insolvency procedures

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . The following is a brief summary of insolvency...

  • Financial difficulty and insolvency: Other considerations

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on  Financial difficulty and insolvency . Other guides in this series address minimising the...

  • Wrongful trading FAQ

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . Resigning will not, by itself, remove liability. In...

  • Personal liabilities for financial difficulties and insolvency

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . In cases of insolvent liquidation, a director or shad...

  • Financial difficulty and insolvency: An introduction

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Financial difficulty and insolvency . This guide looks at the legal position of directors...

"Essential suppliers" to be prevented from terminating contracts with insolvent companies

IT and utility companies that provide "essential" supplies would be prevented from enforcing termination clauses in contracts with companies that fall into financial difficulties under plans put forward for consultation by the UK government. 10 Jul 2014

Supreme Court overturns liquidator's challenge to pre-liquidation security granted over golf club

A recent decision by the UK's highest court reinforces how important it is for litigants to succeed in the court of first instance as chances of success on appeal are getting slimmer an expert has said. 08 Jul 2014

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