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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...
London: Divorce Capital Of The World For...
Posted in Family & Divorce on 6th Nov 2019
London has earned its reputation as the 'divorce capital' of the world. A destination where the partners of the high net worth travel to, attracted by the reputation of British judges awarding very generous settlements.
London's courts are increasingly attracting what have been called 'divorce tourists', especially for big money divorce claims.
Why Divorce in the UK?
The English courts have an extremely wide discretion when making orders in high net worth divorce proceedings.
The starting point is generally one of equality, however their approach...
Unpaid Debts Kill Small Businesses, Don't...
Posted in Debt Recovery on 4th Nov 2019
In June 2016, the Association of British Insurers (ABI) reported that the number of insurance claims made by UK business facing bad debt had risen to its higher number in ten years and in April 2019 the Small Business Commissioner reported that on average, 32% of invoices were paid later than agreed terms.
Clime Associates understand the impact that bad debt and late payment can have on a small or medium sized business.
Debt affects cash flow, which in turn affects the ability of your business to cover short-term liabilities, which can lead your otherwise...
Pointless Litigation and Massive Bills
Posted in Professional Negligence on 28th Oct 2019
A large number of the professional negligence enquiries we receive at Clime Associates concern litigation that has ended poorly for the client.
We often hear complaints that solicitors did not warn their clients of the risks of litigation or that they spent more on the case than it was worth, meaning the client is left with a huge bill.
In this blog, we will briefly examine these two common complaints and the duties of solicitors.
Litigation Without Merits
Litigation is an uncertain business and at the start of a case where a client may not be in possession...
