Call our Freephone Helpline
0800 066 2544
In April 2024, Taylor Wessing, a leading international law firm, published an insightful article shedding light on the UK’s specialized insolvency regime tailored for Payment and Electronic Money Institutions (PEMIs). This regulatory framework, known as the “RIU,” represents a significant development in the financial sector, aiming to address the unique challenges posed by the insolvency…
Dion Perry Mailich, a Borehamwood accountant, has been banned from running a company for 12 years and ordered to pay £75,000 in compensation after abusing the Bounce Back Loan scheme. Here are the key details: Background: Dion Perry Mailich was a director of Renovare Financial Service Ltd, a company that supported ex-offenders in their reintegration after prison. The company went into…
The COVID-19 pandemic brought unprecedented challenges to businesses worldwide. In response, governments swiftly introduced economic support schemes to safeguard jobs and keep businesses afloat. Among these initiatives were loans, grants, and relief programs designed to provide financial lifelines during the crisis. However, alongside genuine recipients, opportunistic fraudsters exploited these schemes, leading to significant consequences for…
In a recent turn of events, the collapse of The Body Shop has raised concerns about the financial implications for taxpayers. MPs are urging transparency regarding the cost of this health and beauty specialist’s downfall. Here’s a concise summary of the situation: Taxpayer Responsibility: Hundreds of employees face redundancy following The Body Shop’s administration. Taxpayers are bearing the brunt of redundancy costs.…