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Business gets a boost on bringing in debts
19 Mar 2013Changes in the statutory protection for late payment of commercial debts sees a tightening up on how quickly commercial debts should be settled and the opportunity to recover costs, but businesses wanting to use the legislation need to make sure their contract terms do not over-ride the terms of the Act. The changes came into [...]
Make Your Retention of Title Clause Count
23 Jan 2013Retention of Title (RoT) clauses have for decades been a standard inclusion in well drafted terms and conditions for the supply of goods. In essence, under an effective RoT clause the purchaser of goods will not acquire ownership of them until they are paid for. If the purchaser defaults the unpaid supplier still owns the [...]
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Named as a Regional heavyweight, North East law firm Hay & Kilner has once again received a myriad of recommendations in The Legal 500 and will continue investing in its future and developing its range of expertise in the coming months as it targets on-going expansion. Manned by what The Legal 500 calls ‘excellent’ and [...]
The recent case of Lewis -v- Metropolitan Property Realizations Ltd, handed down on 21 November 2008, has highlighted a significant weakness in section 283A of the Insolvency Act 1986. This is the so-called “use it or lose it” rule, designed to reduce the uncertainty that former bankrupts and their families could lose their homes as a [...]