The High Court has found that a contractual term allowing the lender to charge default interest was enforceable and not a penalty.  The test for the court to consider in penalty cases is whether charging a default rate protects a legitimate interest and, if such an interest exists, whether the sum payable is nevertheless extravagant, exorbitant or unconscionable.  In this case, a facility letter stated that any event of default, not only non-payment, switched the interest rat

The High Court has held that a claim made pursuant to the Contracts (Rights of Third Parties) Act 1999 (CRTPA) under a sale and purchase...

The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which introduces a new corporate criminal offence of ‘failure to prevent...

The Judicial Committee of the Privy Council held that the “shareholder rule”, whereby a company could not, in the course of litigation...

The Supreme Court handed down a significant decision in the context of negligence. C, a property developer, engaged D as a structural...

Companies House has published guidance on how to protect personal information on the register of overseas entities from the public....

On Monday 10th February 2024, President Donald Trump signed an executive order pausing the United States Department of Justice from...

Despite submissions that it had stood for 135 years and had been approved by both the Court of Appeal and Supreme Court, the High Court...

The Judicial Committee of the Privy Council has handed down a landmark decision confirming the rights of shareholders, including minority...

The High Court has held that a company which had adopted the Model Articles without modification was able to operate and take decisions...