Month: September 2019

Businesses are being urged to follow a checklist of measures to ensure they are well-equipped to deal with a potential downturn in the coming months. The UK economy contracted by 0.2 per cent between April and June for the first time since 2012, and another period of negative growth would see the UK slipping into …

Continue reading “What should businesses be doing to weather the economic storm?”

A UK firm selling a range of European-produced wines has been bought out of administration, saving four jobs and a number of consultancy roles.   FromVineyardsDirect.com Limited, which is based at Square Rigger Row in South West London, entered administration in September after experiencing financial difficulties. The company specialises in selling a range of hand-selected, …

Continue reading “Jobs saved after wine distributor rescued from insolvency”

Thomas Cook’s demise has marked the beginning of the end for high street travel agents, according to an insolvency expert. The UK tour operator was formally placed into compulsory liquidation today (September 23) after failing to agree a rescue package amid £1.6bn debt – triggering 9,000 UK redundancies – and Tom Gardiner, Associate Director at …

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Introduction The recently published High Court judgment in Triumph Controls v Primus ([2019] EWHC 565 (TCC); [2019] EWHC 2216 (TCC)) concerned the sale of businesses (an M&A Dispute) and claims for breaches of warranties. The case involved highly technical accounting and valuation issues. Given these circumstances, how might the matter have been served by a …

Continue reading “The Value To Price Relationship In M&A Warranty Claims (a recent case)”

BLOCKS Wearables Limited began its journey in London in 2014 to design and manufacture a smart watch where users could personalise the strap with modules offering various functionalities such as monitoring heart rate, tracking location or making payments. The firm had attracted hundreds of investments from across the globe and developed several prototypes, however, internal …

Continue reading “Company looking to launch world’s first modular smartwatch enters liquidation”