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Winding Up Petitions Not To Be Used for Enforcing Disputed Debts

Winding up petitions are an extremely serious matter for any company and must not be used as a means to apply pressure to pay disputed debts. The Companies Court made that point in granting an injunction that restrained the presentation of a petition in the midst of an ongoing building contract dispute. A subcontractor who had been employed to carry out ground...

Secured Creditor Not Caught By Asset Freezing Order

Secured creditors stand first in line for payment, but what happens if a debtor’s assets have been frozen by a court order? The High Court has tackled that issue – on which there was surprisingly no previous legal authority – in an important ruling. A creditor was owed $2.9 million by a shipping company in respect of a bridging loan and had secured an...

Worker or Employee? Tribunal Ponders Charity Worker’s Case

The dividing line between ‘workers’ and ‘employees’ can be very difficult to discern, but is of the greatest significance. That was certainly so in the case of one man who worked for a charity for years without any form of written contract. The man, who started out as a paid intern on a trial basis, received about £1,000 a month for performing a wide...

Planning Building Works? Don’t Forget to Notify The Neighbours!

Reasonable people are aware of how important it is to notify neighbours of building works before they commence. However, in one case where such wisdom did not prevail, inconsiderate property owners ended up receiving a High Court injunction and a five-figure legal costs bill. Builders instructed by the owners of a suburban semi-detached house had begun using...

Automated Trading Algorithms Thief Pays Price for His Deceit

An atmosphere of trust is vital to any workplace but the ease with which confidential material can be downloaded means that sensible employers need to guard against the enemy within. In one striking case, a financial analyst was jailed after stealing valuable algorithms from his employer with a view to personal gain. The algorithms were used in automated trading...