27 September 2010 | Justine Ash |
The European Parliament in Brussels has issued a press release announcing that the Parliament and Council of the European Union have reached an agreement on implementing new changes to the draft (Recast)...
Tags on this discussion: Litigation; Late Payments Directive; Late Payment of commercial Debts (Interest) Act 1998; Late Payments; EU Directive late payment; debt recovery; SMEs; Intrum Justitia; commercial debts
22 September 2010 | Steven Mills
A typical standard clause in a guarantee provides that if sums cannot be recovered from the principal debtor for whatever reason, the guarantor still remains liable.
In this case, the contract was for...
Tags on this discussion: banking banks Guarantees penalty clause unenforceable
8 September 2010 | Jackie Hanlon
Part 55 of the CPR which deals with possession proceedings is being amended from 1 October. The amendments are as follows:
Unauthorised tenants living in a mortgaged property are allowed to apply to...
Tags on this discussion: banking banks Mortgage repossession Repossession
7 September 2010 | Clare Stothard
The Independent Commission on Banking has now launched a website http://bankingcommission.independent.gov.uk/bankingcommission/
The Independent Commission on Banking will consider the structure of...
Tags on this discussion: banking banks competition law consumer protection retail
31 August 2010 | Steven Mills
His Honour Judge Waksman has delivered another judgment in favour of lenders. The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards. The central...
Tags on this discussion: APR banking banks consumer credit consumer credit act consumer laws consumer protection contractual term interest interest rate
24 August 2010 | Steven Mills
BIS, the Department for Business Innovation & Skills has published a quick start guide and more detailed guidance on the regulations implementing the Consumer Credit Directive.
Please see the link...
Tags on this discussion: banking banks consumer credit act consumer credit directive
21 July 2010 | Steven Mills
The Bribery Act will:
Introduce a corporate offence of failure to prevent bribery by persons working on behalf of a business. A business can avoid conviction if it can show that it has adequate procedures...
Tags on this discussion: bribery Bribery and Corruption
21 July 2010 | Karen Jacobs
Consumer Affairs Minister, Edward Davey has announced a review of consumer credit and personal insolvency. The review will cover:
How consumers enter into credit commitments, including the way in...
Tags on this discussion: banking banks consumer credit act consumer protection credit Insolvency lenders loan
20 July 2010 | Kerry Talbot
In a recent case in which I was involved, the proposed representative had acted as advocate on behalf of the claimants on a number of previous applications both in a prior set of proceedings in connection...
Tags on this discussion: banking banks civil procedure McKenzie friend rights of audience
8 July 2010 | Clare Stothard
The Supreme Court has given judgment in favour of Southern Pacific Personal Loans Limited (“SPPL”).
The appeal raised the question of what is the meaning of “credit”, the “amount of credit”...
Steven Mills 
Clare Stothard 
