Many directors are unaware of the changes to the law that took place on the 1st October 2015, including the right of office holders, such as administrators and liquidators to assign claims, including claims for fraudulent and wrongful trading, which are now regarded as assets in the insolvency estate to be assigned and sold.
Many directors do not take out D&O insurance policies but even if they do there is often a claw back in respect of those policies where such allegations are made. As such many directors may now face personal claims against them when their companies fail.
We are yet to see significant moves made by insolvency practitioners, however it is likely that more claims will now be assigned to well funded and highly motivated individuals and companies to pursue outstanding claims against individual directors.
Congratulations to Peter Lynn & Partners solicitor Nia Godsmark who came fourth out of a field of 10 in her first ever horse race.
Nia rode in the Countryside Alliance Charity Race at Ffos Las last weekend.
She was riding Joshella and was raising funds for Tywyn Special Needs Primary School in Port Talbot. Nia is still collecting donations but hopes to raise upwards of £2,000.
“It was a brilliant experience and I was so delighted to finish as high up the field as fourth,” said Nia.
Leading legal firm Peter Lynn & Partners is delighted to be sponsoring Ystalyfera RFC’s first team’s training and after-match kit for the 2015-2016 season.
The firm chose to sponsor the club not only because it has one of its main offices in the area but also because of their commitment to junior rugby in the area.
“Peter Lynn & Partners are delighted to assist a locally based club which a key part of the local community of Ystalyfera,” said Peter.
“Our relationship with Ystalyfera RFC forms part of our continued commitment to grassroots rugby throughout Swansea and South Wales. We will also…
Peter Lynn & Partners are delighted to announce that they will be donating around £5,000 to their chosen 2015 charity, Tŷ Hafan this year.
Tŷ Hafan is one of the UK’s leading paediatric palliative care charities and offers care to children and support for their families, throughout Wales.
Senior partner Peter Lynn was recently invited to have a tour of Tŷ Hafan, near Barry – a visit he found truly inspiring.
“I was so impressed by the facilities and the staff at Tŷ Hafan, and I was truly overwhelmed by the generosity of spirit of staff,” revealed Peter Lynn, Senior Partner at…
As part of the inspiration for one of the characters in Cappuccino Girls leading south Wales lawyer Peter Lynn is only too delighted to be involved with Mal Pope’s award-winning show again.
The lawyer in Cappuccino Girls is based on Peter – a wise, generous and fully trusted lawyer. Truly life imitating art!
Cappuccino Girls is being performed at Coast Italia on Swansea’s High Street on October 24th and 25th with many more shows in the pipeline.
Peter and his wife Sara (also a partner at Peter Lynn & Partners), are active supporters of the arts in South Wales and are sponsoring…
Leading solicitors Peter Lynn & Partners have announced a sponsorship deal with Pontardawe Football Club.
The South Wales firm will be providing ground advertising as part of the sponsorship package which they will be hoping will help Pontardawe in their Welsh Division Two campaign.
“We are delighted to be able to help out Pontardawe FC with this sponsorship and continues our support of grassroots sport,” said Peter Lynn, Senior Partner at PL&P.
“We are very pleased to be supporting Swansea City as well, having agreed a five-figure deal for this season, but to us sport in the community is just as important.”
Peter Lynn & Partners are delighted to be sponsoring this year’s Sleeping Beauty Pantomime in Carmarthen’s Lyric Theatre.
The sponsorship follows on from the leading law firm sponsoring another Mark Jermin Production, Legally Blonde at the Grand Theatre, Swansea in the summer.
“We at PL&P have been proud supporters of the arts and after the successful production of Legally Blonde we are again delighted to be supporting Mark and his team in this production of Sleeping Beauty,” said Peter Lynn, Senior Partner at Peter Lynn and Partners.
The Sleeping Beauty Panto, which stars Amy Leigh Hickman from BBC’s The Dumping Ground, will open…