Articles by ‘Milan Kapadia’

Demand is growing for trade credit insurance among businesses keen to protect themselves against financial difficulties in trading partners. Companies specialising in insurance broking and risk management, are seeing growing demand for trade credit insurance, which gives protection against non-payment or extended default, as a result of fears that expected interest rate rises could result in more corporate insolvencies.

While the UK already has one of the strongest disqualification regimes in the world – with disqualification periods ranging from 2 years up to 15 years for the worst offenders – new measures introduced would mean the rogue minority face stronger deterrents to break the law and more robust sanctions if they do.

Late payments remain a concern for many small businesses, according to the latest research from national small business group the Forum of Private Business. In the organisation’s latest banking and finance survey, published on 22 April, 23% of members reported an increase in late payments over the past year compared with only 3% who reported a decrease.

Royds advised the Trustees in Bankruptcy in respect of a successful appeal of the decision of a District Judge in the Slough County Court.

In March the European Commission (EC) set out a series of “common principles” for national insolvency procedures for businesses in financial difficulty, with the objective of shifting the focus away from liquidation towards encouraging viable business restructure at an early stage in order to prevent insolvency.

A number of changes have been rolled out in relation to Civil Procedure Rules (CPR). These changes came into force on 22 April 2014.

In February, ICE Benchmark Administration Ltd took responsibility for administrating the London Inter Bank Offered Rate (LIBOR).

According to recent Insolvency Service figures, the number of private individuals becoming insolvent has risen by around 4 per cent since the beginning of the year

Ministers have been accused of “quietly dropping” an extensive review of the insolvency laws covering high-street retailers by the shadow business secretary Chuka Umunna.

With retailers enjoying a surge in online sales this Christmas, many consumers will have incurred excessive payment surcharges to use their credit or debit cards online. Why are payment surcharges a problem? Payment surcharges…

Lord Justice Leveson has now delivered his report on the regulation of the press and of its recent relations with police, politicians and the public at large.

If you’ve being watching the news over the last few days you would have noticed that the Big Four banks have come in for severe criticism regarding the mis-selling of Interest Rate Swap and the manipulation of the LIBOR interest rate.