A company can be likened to a human body. Financial distress and corporate collapse is usually dramatized in the media as a sudden occurrence, but this is almost never the case. There is usually ample warning of impending doom, but many companies either ignore the warning signals or try to hide the problems using creative … Continue reading FINANCIAL DISTRESS: PREDICTION, PREVENTION AND CURE
Early insolvency law was dominated by punitive approaches and it was not until the early eighteenth century that notions of rehabilitation gained force. Insolvency was seen as an offence little less criminal than a felony and was punishable by detention in person at the creditor’s pleasure in debtors prisons. The prevalent view was that it … Continue reading A History of Insolvency Law
Insolvency refers to the regulated legal process that ensues upon the bankruptcy of a company. Insolvency laws prevent a chaotic race to protect interests would take place and this might produce inefficiencies and unfairness Continue reading WHEN IS A COMPANY INSOLVENT?
An employer is a person or other legal entity that controls and directs the actions of another person, called a worker or employee under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation. The employer has duties specified by the law which … Continue reading What are the Duties of an Employer?
Did you know that some businesses are paying their employees in Bitcoin and other cryptocurrencies? The rise of cryptocurrencies and other digital currencies appears to have expanded the definition of money and has created a conversation around the role of central banks and other regulators. A cryptocurrency is a digital currency that is created and … Continue reading CAN YOU LEGALLY PAY YOUR STAFF WITH BITCOIN?
The aftermath of the Harvey Weinstein revelations has unearthed a depth of ignorance around the whole issue of sexual harassment. There has been the routine conflation with assault and then panicky addition of “alleged” to the end of every sentence, along with wild assumptions about its rarity and triviality. For the avoidance of doubt, this … Continue reading Sexual harassment 101: what everyone needs to know
Captain Dan is a pilot who was formerly in the employment of Highland Airways Ltd. A year before his resignation, the company expended substantial amounts of money in sponsoring 2 specialised trainings for Captain Dan in order to improve his skills and increase the number of planes he could fly. The terms and conditions for … Continue reading Training Bonds: How do they work