Posts Categorized: Featured

Government proposes to legislate on Value Extraction Schemes

In October 2013 Griffins wrote a paper called “Balancing the Books” that proposed replacing the existing Extortionate Credit Transaction law with a “Fair Dealing” section that would enable an IP to reverse a transaction that; a) required the company to make unfair payments or b) created a disproportionate benefit to a third party at a…

Insolvency in the Restaurant Industry

We are receiving a growing number of enquiries from restaurant owners with concerns about the solvency of their businesses. Alongside the high profile closures and restructuring of groups likes Jamie’s Italian, Prezzo and Byron are thousands of individual restaurant business facing similar problems albeit on a smaller scale.  For many owners the overheads that looked…

Griffins appointed to Stadia Trustees Limited

Stephen Hunt of Griffins has been appointed Liquidator to investigate the causes of the insolvency of Stadia. The Financial Services Compensation Scheme (FSCS) estimates that claims against the collapsed SIPP provider Stadia Trustees could be as high as £41 million. A Financial Services Authority inspection in 2011 highlighted problems at Stadia that eventually caused the…