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Insurers remain reluctant to pay business...
Posted in Dispute Resolution on 3rd Mar 2021
On 28 February 2021 the Sunday Times reported that FTSE 250 insurer Hiscox offered a struggling East London café owner $13.00 in settlement of its business interruption claim.
The London café claimed for more than 3 months’ loss, comprising of $1,600 a month in rent and $2,500 a month in stock, after it faced closure due to the Government’s response to the Covid-19 pandemic. The café had said it had been “battling bankruptcy” due to closure, like many other businesses in the UK today.
It was reported by sources close to the FTSE insurer that only...
When a Solicitor is found to be negligent...
Posted in Professional Negligence on 3rd Aug 2020
Clime Associates has recently settled a Professional Negligence claim on behalf of a client, who incurred losses due to the negligent drafting of a Lease, by their previous Solicitors.
Our client was a Landlord who owned a property, which had the ability to operate as a restaurant. Our client entered into negotiations with a prospective Tenant in order to agree a commercial Lease of the restaurant.
Following negotiations between the Landlord and prospective Tenant, the parties eventually came to agreement on the heads of term, which they intended...
Divorce Settlements: Is it True When They...
Posted in Family & Divorce on 30th Jul 2020
No matter if you're a couple who are divorcing after four years or forty years, the divorce process can be emotionally and financially exhausting.
When considering finances, you must remember there are often several matrimonial assets involved. This is because even after you're legally divorced, you may be subject to a financial claim; therefore, it's crucial to know where you stand and what options are available to you.
At What Stage Should You Consider Finances in a Divorce Proceeding?
Well, if you've already gone through a divorce, or know someone...
Coronavirus: New Rules Regarding Possession...
Posted in General News on 27th Jul 2020
The Coronavirus pandemic has had a huge economic impact on the UK. Many workers have been furloughed or made redundant and this has had a consequent effect on their ability to pay their mortgage.
As part of the government response, all claims for possession proceedings, whether due to rent arrears or other reasons, were stayed and that stay currently expires on 23 August 2020.
To assist the Court when possession proceedings start again, the Court has introduced detailed new rules that modify the usual possession process. These are due to last until...
