Worcester loan shark burned to death by debtor – BBC News
“A man who burned to death a loan shark to whom he owed money has been jailed for 10 years.”
BBC News, 8h November 2013
Source: www.bbc.co.uk
“A man who burned to death a loan shark to whom he owed money has been jailed for 10 years.”
BBC News, 8h November 2013
Source: www.bbc.co.uk
“As everyone knows, a mortgagee may go into possession before the paper has cooled down after coming out of the printer, or something like that. But under modern conditions, and particularly with residential mortgages, the strictness of this rule is reduced or removed by agreement or the impact of statute. Even so the principle that the mortgagee is entitled to possession and the limits on the court’s power to deny him that entitlement means that a mortgagor in distress may have very little control over his fate.”
Full story (PDF)
New Square Chambers, 31st October 2013
Source: www.newsquarechambers.co.uk
“On 23 October 2013, the Supreme Court gave judgment in Szepietowski v. the National Crime Agency (formerly the Serious Organised Crime Agency, ‘SOCA’). The case is now the leading authority on the marshalling of securities and will be of interest to those advising banks and other businesses involved in secured lending. The case, however, will also be of general interest in light of the Court’s consideration of the principles applicable to the construction of settlement agreements which involved the Court distinguishing the decision of the House of Lords in Bank of Credit and Commerce International v. Ali [2002] 1 AC 251.”
Full story (PDF)
11 Stone Buildings, 23rd October 2013
Source: www.11sb.com
National Crime Agency v Szepietowski and another [2013] UKSC 65; [2013] WLR (D) 408
“The equitable remedy of marshalling was not available where the security held by the second chargee did not secure an underlying personal debt of his to the chargor. Therefore the National Crime Agency, having agreed to take a second mortgage over a property in settlement of its claim that it had been purchased by its owner with the proceeds of crime, could not, when the sale of the property only realised sufficient funds to pay off the debt secured under a first mortgage to a bank, require the bank to enforce its security against another property mortgaged by the owner to that bank.”
WLR Daily, 23rd October 2013
Source: www.iclr.co.uk
“We have seen Santander having trouble in mortgage possession proceedings in Northern Ireland recently. Here is another example which could perhaps, indeed maybe should, have been avoided, if the lender had actually taken proceedings sufficiently seriously.”
NearlyLegal, 11th October 2013
Source: www.nearlylegal.co.uk
“More than 450,000 people could already have received a court summons because they have fallen into arrears with their council tax payments following changes to the system, it was claimed.”
The Independent, 11th October 2013
Source: www.independent.co.uk
“A woman is calling for new laws to allow victims of domestic violence to withhold their addresses in court to protect them and their children.”
Daily Telegraph, 6th October 2013
Source: www.telegraph.co.uk
“Payday lenders will be forced to make tougher affordability checks under a crackdown by the City regulator that could stop borrowers being given loans within minutes of applying.”
The Guardian, 3rd October 2013
Source: www.guardian.co.uk
“Criminals who damage prison property will have their jail wages docked to pay for the cost of repairs, under new measures announced by Chris Grayling, the Justice Secretary.”
Daily Telegraph, 29th September 2013
Source: www.telegraph.co.uk
“OK, so the title perhaps implies that what follows is more interesting than it is. However, the most recent decision of the Supreme Court in the Nortel/Lehman litigation is of considerable importance for all of us, particularly in the current economic climate.”
Hardwicke Chambers, 23rd September 2013
Source: www.hardwicke.co.uk
“Three Manchester loan sharks who charged vulnerable people 100% interest and menaced them by mobile phone have been jailed.”
BBC News, 24th September 2013
Source: www.bbc.co.uk
“A payment made at the behest of debtor subject to insolvency proceedings to one of the latter’s creditors did not fall within the scope of article 24(1) of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings. That provision enabled a person who honoured an obligation ‘for the benefit of’ a debtor, who was subject to insolvency proceedings opened in another member state , when it should have been honoured for the benefit of the liquidator, to be deemed to have discharged it if he was unaware of the opening of proceedings.”
WLR Daily, 19th September 2013
Source: www.iclr.co.uk
“The Legal Action Group has warned that what remains of civil legal aid could just ‘wither away’ as new research reveals ‘a disturbing reduction’ in the take-up of cases, writes Jon Robins. According to the group, there has been a marked drop off even for the cases still covered by legal aid.”
LegalVoice, 11th September 2013
Source: www.legalvoice.org.uk
“A father has been jailed for stealing £600,000 from the taxpayer to try and make his son the next Lewis Hamilton.”
Daily Telegraph, 9th September 2013
Source: www.telegraph.co.uk
“A self styled debt adviser has been jailed for bullying customers into remortgaging their homes and then pocketing the money for himself.”
BBC News, 21st August 2013
Source: www.bbc.co.uk
“Local councils have called in bailiffs an ‘excessive’ 1.8m times in the last year to collect debts on their behalf, according to the Money Advice Trust.”
BBC News, 22nd August 2013
Source: www.bbc.co.uk
“It would be ‘unprincipled’ to allow administrators of an insolvent company to use money ring-fenced for the purposes of its underfunded pension scheme to settle their debt to the scheme’s trustees, the High Court has ruled.”
OUT-LAW.com, 2nd August 2013
Source: www.out-law.com
“The Supreme Court ruled today that sums claimed under a Financial Support Direction of the Pensions
Regulator that is issued after a company’s entry to insolvency will rank as provable debts. It disagreed with both the High Court and a unanimous Court of Appeal, which had held that sums claimed under such a FSD were payable as insolvency expenses. The Supreme Court also rejected an argument that such a claim ranked below ordinary creditors as a non-provable liability.”
Full story (PDF)
11 Stone Buildings, 24th July 2013
Source: www.11sb.com
“Almost a third of the payday lenders ordered to clean up their practices have opted to withdraw from the industry, the Office of Fair Trading has revealed, as the deadline for firms to respond passed.”
The Guardian, 30th July 2013
Source: www.guardian.co.uk