In this issue: rent reviews - mind your step; ADLS lease - up for review
The use of statutory demands under the Companies Act 1993 is common – and may be viewed by a party issuing or receiving them as no more significant than a demand letter. The implications of serving a statutory demand are, however, potentially far reaching and whether you are on the issuing or receiving end there are some important matters of which you need to be aware.
Have you recently become, or are you considering becoming a director? A recent Court of Appeal case of Chean v De Alwis illustrates that you may not be protected from personal liability for actions the company has taken before your appointment.
Our lawyers regularly publish articles on a range of topical legal issues.