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Agreement to abandon the pursuit of various disputes and cross-claims was 'sufficient consideration' for the purposes of varying a written settlement agreement, the High Court has ruled. 23 Aug 2018
LEGAL UPDATE: The Court of Appeal in England and Wales has upheld a creditor's application to revoke an IVA due to a material irregularity as the majority creditor had entered into a separate settlement agreement with the debtor the terms of which placed it... 07 Aug 2018
Awards and settlements in commercial disputes can be taxable in the claimant’s hands. The tax treatment of damages should be considered at an early stage as this may need to be factored into the amount claimed. Tax also needs to be considered in settlement...
There are a number remedies available in Scotland to a creditor for the recovery of debts.
This guide was last updated in May 2013 and applies to court proceedings in England and Wales.
The discount rate applied to lump sum personal injury damages awards in Scotland would be reviewed every three years under new legislation put forward by the Scottish government. 19 Jun 2018
LEGAL UPDATE: Companies and lawyers must be clear and unambiguous when drafting settlement agreements, a court ruling has reminded them. A liquidator had to drop some claims after a court used correspondence to clarify exactly what was meant by the phrase... 05 Jun 2018