“This consultation paper seeks views on options for encouraging debtor engagement and consequential possible streamlining of procedures for dealing with non-defended debt claims. It will help to inform any proposed changes on handling debt problems in England and Wales.”
Ministry of Justice, 5th September 2007
Source: www.justice.gov.uk
Compound interest is payable in restitution
Sempra Metals Ltd (formerly Metallgesellschaft Ltd) v Inland Revenue Commissioners and Another
“The court had power to make an award of compound interest in a claim for restitution where such an award was necessary to achieve full justice for the claimant.”
The Times, 25th July 2007
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
“A divorced woman faces being forced from her home of more than 20 years after a Court of Appeal ruling confirming that deals struck by former wives when they split with their husbands are not safe from creditors.”
The Times, 20th July 2007
Source: www.timesonline.co.uk
“The House of Lords’ ruling in the Sempra Metals case, while ostensibly about a complicated tax issue, could challenge the foundations of English law on the repayment of debt.”
The Times, 19th July 2007
Source: www.timesonline.co.uk
“Up to a million households struggling with rising living costs and lured by offers of easy credit will face court action over their debts this year.”
Daily Telegraph, 31st May 2007
Source: www.telegraph.co.uk
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