Source: https://www.franciswilksandjones.co.uk/site/blog/company-disputes/fraud-claims-asset-recovery/
Timestamp: 2019-06-18 07:18:49
Document Index: 469768012

Matched Legal Cases: ['ART 1', 'art 4', 'art 3', 'art 3', 'art 2', 'art 8', 'art 24']

It has a good or properly arguable case. However, this is a relatively low threshold for the Applicant to get over. Recent judicial commentary states “the right course is to adopt the test of a good arguable case, in the sense of a case which is more...
In this series of posts, we look at what the court requires to grant a Freezing Injunction in England & Wales and consider the legal and evidential considerations in that process. In these posts, the person or company seeking the Freezing...
The appointment of a provisional liquidator. This is probably the most unusual and dramatic remedy available to an Applicant. It is made pursuant to Section 135 of the Insolvency Act 1986 in respect of a company. It is an adjunct to winding up...
Alternative remedies considered In this series of posts the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Order is referred to as the Respondent. It is always worth the...
The procedure to vary the terms of a Freezing Order If a Respondent wants to apply to vary a Freezing Order , this is done by way of the following: 1. Drafting an Application Notice. 2. Drafting a detailed Affidavit setting out specifically the...
The maximum sum claimed by the Applicant is excessive In all Freezing Orders, a Respondent’s assets are frozen up to a certain specified limit. This limit normally equates to the quantum of the losses which the Applicant says it has suffered as a...
The procedure for applying to have a Freezing Order discharged is as follows If a Respondent wants to apply to discharge a Freezing Order, this is done by way of the following procedure: Drafting an Application Notice. Drafting a detailed...
Demonstrating that the Order is oppressive Freezing Orders should not be used oppressively. For example, a common term within a Freezing Order is that the Respondent should be able to meet his ordinary living expenses as well as his...
LEGAL GROUNDS AND PROCEDURE EXPLAINED In this series of posts, the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Order is referred to as the Respondent. ...
Bench Warrants Another means of enforcing a Freezing Order are by way of Bench Warrants. The purpose of these are to secure a Respondent’s attendance at Court. Whilst rarely used, they can be helpful in certain circumstances,...
Steps taken by a Respondent to “purge” his contempt Committal to prison is the ultimate sanction and, as such, the Courts are generally reluctant to make such an order, unless the breach is serious. Often the Respondent...
In this series of posts, the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Freezing Order is referred to as the Respondent. Introduction Freezing...
Gagging Clauses The terms of the Order the Applicant would like the Court to grant needs to be carefully drafted. Commonly, the Order also contains a gagging clause against the Respondent to stop them informing the Defendant that the application has been...
Prerequisites of a Norwich Pharmacal Order Before granting a Norwich Pharmacal Order NPO, the Court will need to be satisfied of the following:- Evidence that the Respondent is involved in the wrongdoing. There is much case law in this area as to what is...
Obtaining information from third parties In this series of posts, the person or company seeking a Norwich Pharmacal Order is referred to as the Applicant and the person or company subject to the application is referred to as the Respondent. The person...
Posted2015-06-27 00:00
Disclosure of documents An Applicant will then need to produce what is called a Disclosure List. This is a list setting out all relevant documents it has (or had) in its possession which are relevant to the current legal proceedings....
The litigation process explained In this series of posts, the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Order is referred to as the Respondent. The grant of...
What benefits will actually accrue from the Freezing Order? Consideration needs to be given to the benefits which will actually accrue as a result of obtaining a Freezing Order. Often, Applicants who are...
Posted2015-06-20 00:00
Dealing with the substantive claim The grant of a Freezing Order is only the start, not the end of the claim. A Freezing order is simply a remedy to prevent a Respondent putting his / her assets out of the...
FREEZING ORDERS IMPORTANT PRE APPLICATION CONSIDERATIONS PART 1
In this series of posts, the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Order is referred to as the Respondent. Introduction A Freezing Order is a...
Obligations on third parties to disclose a Respondent’s Assets Unless ordered otherwise, third parties such as banks have no obligation to disclose any information regarding the Respondent’s assets to the Applicant. Indeed, to do so would put...
Posted2015-06-13 00:00
In these posts, the person or company seeking the Freezing Order is referred to as the Applicant and the person or company subject to the Freezing Order is referred to as the Respondent. Introduction Once...
In this series of posts, we examine what steps a person or company must take if they have been served with a Freezing Order / Injunction. In these posts, the person or company seeking the Freezing Order is referred to as the...
What other Orders can the court make at the same time to help an Applicant? As part of granting Freezing Orders, the Court will often be asked to grant additional orders for the benefit of an Applicant (commonly known as...
When are Freezing Orders not possible? There are some circumstances where Freezing Orders are not available. These are as follows:- In proceedings against the Crown. In proceedings against a Foreign State, unless it has...
What is a Freezing Order? A Freezing Order is an interim Order which freezes a person or company’s assets. This can be the entirety of the assets or up to a limit specified by the Court. The purpose...
After a Freezing Order is granted at the first hearing, the Applicant is under certain obligations moving forward. These are as follows: In the granting of a Freezing Order, the Applicant will give undertakings to the...
The requirements explained If a Freezing Order is granted, the Applicant must ensure that every effort is made to effect proper service of all relevant documents on a Respondent. Those documents need to be served as soon as possible and...
Posted2015-05-20 00:00
Any application made for a Freezing Order must be supported by written Affidavit evidence (essentially a form of witness statement). This is evidence the Applicant must swear on oath as being true and is done so in support of the application. An Affidavit...
Posted2015-05-18 00:00
There are a number of documents which will need to be completed prior to attending Court to obtain a Freezing Injunction. These are as follows:- An Application Notice . This is a document which will be prepared by the Applicant’s legal advisers and...
Key Procedural Requirements Explained In this series of 12 posts we look at the key procedural requirements needed to obtain a Freezing Order from the court. In these posts, the person or company seeking the Freezing Order is referred to as...
That it can provide an undertaking in Damages Any Applicant applying for a Freezing Injunction must undertake to the Court to pay any damages that a Respondent or any other party may suffer as a result of the Freezing Order if it later...
That there must be a risk, or a real risk, of the Respondent dissipating or hiding his Assets This is normally the most important factor the Court will look at when deciding whether to grant a Freezing Injunction . If the Applicant can satisfy the...
Posted2015-05-07 00:00
It has a good or properly arguable case. However, this is a relatively low threshold for the Applicant to get over. Recent judicial commentary& states “the right course is to adopt the test of a good arguable case, in the sense of a case...
What the Court Requires to Grant A Freezing Injunction Legal & Evidential Considerations Explained In this series of articles, we look at what the court requires to grant a Freezing Injunction and consider the legal and evidential...
Small Business, Enterprise and Employment Act 2015: COMMENCEMENT 26 MAY 2015 Section 129 of the Act provides statutory authority for the Secretary of State to introduce statutory instruments to regulate the sale of company businesses out of...
This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of Royal Assent and is now the Small Business, Enterprise and Employment Act...
Posted2015-04-11 00:00
Sanction of Liquidator’s Actions – COMMENCEMENT DATED 26 MAY 2015 This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of Royal...
Assignment of Administrators’/Liquidators’ Causes of Action - COMMENCEMENT TO BE CONFIRMED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26...
Administrators: powers to bring fraudulent/wrongful trading claims– COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26...
Compensation Orders following disqualification – COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the...
Director disqualification – extension of limitation period – COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015...
Insolvency Practitioners and amendment to D Report duties – COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following...
Posted2015-04-03 00:00
Determining directors’ unfitness – COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of Royal...
Disqualification following convictions abroad – COMMENCEMENT ORDER TO BE ANNOUNCED This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of...
Shadow Directors and their increased responsibilities – COMMENCEMENT 26 MAY 2015 This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of...
This is part of a series of posts on the Small Business, Enterprise & Employment Bill that has now come into force on 26 March 2015 following the grant of Royal Assent and is now the Small Business, Enterprise and Employment Act 2015 (“the...
Posted2015-03-22 00:00
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015 Section 117 of the Bill seeks to incorporate more future regulation of...
Introduction This is Part 4 of a series of articles considering the general question of Directors’ duties and responsibilities and in particular, what conduct can ultimately constitute a finding of “unfitness” and possible...
Director Responsibilities and Duties - Part 3
Introduction This is Part 3 of a series of articles considering the general question of Directors’ duties and responsibilities and in particular, what conduct can ultimately constitute a finding of “unfitness” and possible ...
The New Litigation Costs Regime - The Changes Explained
This article sets out more detail about the Government’s proposed fee increases to civil litigation costs which may have a significant impact on anyone looking to issue legal proceedings. Until 2nd March, those discussions were still under...
Extension of Administrator's Powers
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. Administrators’ powers have in recent years been subject to a comprehensive...
Director Responsibilities and Duties - Part 2
Introduction This is the second in a series of articles considering the general question of Directors’ duties and responsibilities. As previously set out in the first article understanding such duties are vital for directors as a failure to...
Introduction This is the first of a series of articles considering the general question of Directors’ duties and responsibilities . Such duties are vital for directors to understand as failure to adhere to them can ultimately constitute a...
Sanction of Liquidator's Actions
Posted2015-02-22 00:00
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. As of writing, where a company is placed into liquidation, the Liquidator’s...
Assignment of Administrators'/Liquidators' Causes of Action
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015 A majority of all professionals in the insolvency market will be fully aware of...
Administrators: Powers To Bring Fraudulent/Wrongful Trading Claims
Currently, going back to the introduction of the Insolvency Act 1986, claims for wrongful and fraudulent trading (the latter being a far more serious allegation) could be brought against company directors by liquidators appointed over the company. ...
Compensation Orders Following Disqualification
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. A further proposal within the Bll is the power of the Court to make a Compensation...
Director Disqualification - Extension Of Limitation Period
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. Director disqualification claims currently can only be brought against directors...
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. Until the commencement of the Bill, there is a legal requirement for the Official...
Determining Directors' Unfitness
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. Section 94 of the Bill makes further provision for increased transparency in...
Disqualification Following Convictions Abroad
This is part of a series of blogs on the Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. The Bill has introduced new dimensions into director disqualification , in terms...
Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. It is not uncommon for dormant or non-trading companies to be overlooked or company filing requirements not strictly adhered...
Small Business, Enterprise & Employment Bill (“the Bill”) that is proposed to come into force in April 2015. Part 8 of the Bill provides for an alteration to Part 24 of the Companies Act 2006 such that instead of filing an Annual...