Recent Blog Posts
August 16, 2018
Oh dear. A company owes you money. They know they are supposed to pay you, but they've just gone silent. What is the quickest way to recover an undisputed debt like this?
July 27, 2018
If your company owes money, and you haven't responded to the creditor's requests for payment, they might send you a Statutory Demand. If you ignore it...
July 12, 2018
It can be stressful when you find yourself involved in a business dispute, especially if you're a partnership or SME. Here are some of the self-help measures...
June 27, 2018
If you've received a Section 16 letter, it means your conduct as a director has been investigated by the Insolvency Service working on behalf of...
June 12, 2018
You might be wondering about the different types of shareholder dispute. Here are some of the typical disputes that might arise between shareholders...
May 29, 2018
If you are a director of a limited company, you have a legal responsibility to be competent and honest. If you don't act as a responsible director, you can be accused of 'unfit conduct'. If a complaint is made against you...
May 16, 2018
Shareholders can find themselves in dispute when one wishes to exit the business, the working relationship has broken down, or because another shareholder...
April 27, 2018
When you're dealing with director disqualification, it's important to use a solicitor who specialises in the subject. Don't try to do it yourself...
April 13, 2018
When you first set up your shareholder agreement, you probably never imagined that anything would ever go wrong. Sadly, life isn't like that...
August 21, 2017
“Only when the tide goes out do you discover who has been swimming naked” (Warren Buffett) No matter how large or small your business, no one […]
July 21, 2017
Case Study 1 (Business fraud) We were asked by a firm of accountants to speak to their client, a large limited company within the pharmaceutical sector. […]
July 15, 2017
What is meant by director disqualification?
A disqualification order is made under the Company Directors Disqualification Act 1986 by the Court. The Act applies to a person who has been formally appointed as a director and so to someone who has carried out the functions of a director and to shadow directors...
July 10, 2017
Companies can fail for a variety of reasons and there are times when honest and hard-working individuals find they can no longer trade out of their […]
June 11, 2017
“A person with an enterprising attitude says, ‘Find out what you can before action is taken.’ Do your homework. Do the research. Be prepared. Be resourceful. […]
December 7, 2016
Summit Law LLP secures top accolade from National Law Society. Central London law firm, Summit Law LLP, has secured a renewal of the Society’s much coveted legal practice quality mark, Lexcel. Lexcel is developed specifically for the legal profession...
December 7, 2016
So you did some work for a client in Madrid and you are based in England. In the event of non-payment, how do you recover the sum due to you under your invoice for professional accountancy services provided?
December 7, 2016
The biggest risk area is around contracts, particularly in the SME sector, where businesses may not have the resources to pursue a costly claim. The warning comes after a change to LASPO that came into force in April which now means that businesses are unable to insure...
December 7, 2016
In late 2014 Summit Law LLP was approached by a client. He was a young man, just 18 at the time and unfortunately his father had died. Our client was distressed. After his father’s death a Will materialised leaving a small legacy to him and other small legacies to friends and...
December 7, 2016
The High Court case of Harvest Finance Ltd (in liquidation) v Cannons Law Practice LLP and another [2014] EWHC 4327 (Ch) considered whether an order should be made that the costs incurred by a law firm in providing documents be met by the insolvent estate...
December 7, 2016
The bankruptcy threshold will increase to £5,000 for creditors' bankruptcy petitions presented after 1 October 2015 as set out in the Insolvency Act 1986 (Amendment) Order 2015. Should a bankruptcy petition be presented prior to this date, the current minimum...