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TMT legal update: the survival of a sub-licence - effect of insolvency of head licensee on sub-licensee

  • Eversheds LLP
  • -
  • United Kingdom
  • -
  • March 7 2013

In February 2013, the High Court ruled that businesses are permitted to use software under a sub-licence if the head licensee’s business is

Insolvency

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • April 15 2011

A clause in a settlement agreement, which provided that an indemnity would cease on a company's insolvency, infringed the anti-deprivation principle as it deprived the insolvent company's administrators of an asset for distribution to creditors

The recovery position

  • Mishcon de Reya
  • -
  • United Kingdom
  • -
  • November 7 2012

The recent JJB Sports administration highlighted another potential consideration for landlords namely, the wisdom of company voluntary arrangements (CVAs

No costs order against receivers

  • Wragge Lawrence Graham & Co LLP
  • -
  • United Kingdom
  • -
  • May 21 2008

Where a receiver of an insolvent company brings an unsuccessful claim, a personal costs order will not be made against the receiver unless there are exceptional circumstances making it just to do so

Events of default? Worth checking your contracts again

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • May 15 2013

The Supreme Court handed down an important judgement last week in the case of BNY Corporate Trustee Services Limited v Eurosail - UK 2007 - 3BL PLC

Forfeiture does it work when a tenant is in administration?

  • RPC
  • -
  • United Kingdom
  • -
  • December 8 2009

In the last edition of Real Estate Update, we considered the position of a landlord wishing to keep the lease of premises to a company in administration ongoing and in what circumstances he will receive the full rent (ie 100 pence in the pound

Game changer the Court of Appeal overturns the Goldacre and Luminar decisions

  • A&L Goodbody
  • -
  • United Kingdom
  • -
  • February 26 2014

The Court of Appeal delivered judgment on Monday morning in the much anticipated appeal in Jervis & Others v Pillar Denton & Others on the treatment

REO (Powerstation) Limited and Others (7th December 2011) JRC 232A: letters of request for administration orders

  • Ogier
  • -
  • Ireland, Jersey, United Kingdom
  • -
  • April 23 2012

An application had been made by Bank of Scotland Plc and the Governor and Company of the Bank of Ireland for a letter of request to be sent by the Royal Court of Jersey to the High Court of England and Wales in respect of four Jersey companies which were ultimate beneficial owners of English real estate

First scheme of arrangement for a Vietnamese company is sanctioned

  • Mayer Brown LLP
  • -
  • United Kingdom, Vietnam
  • -
  • September 5 2013

The High Court has sanctioned a scheme of arrangement between a Vietnamese company and certain of its creditors; the first time a Vietnamese company

Construction insolvencies - what does it mean for your projects?

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • November 3 2011

According to the credit insurer, Euler Helmes, there were more insolvencies in construction than in any other sector during the first six months of 2011