The law does not exist to benefit law firms.At BBM Solicitors, our clients always come first.

At BBM we exist solely for the benefit of our clients. We succeed when we make our clients happy - And we do that by building a close relationship; by managing their legal risks and resolving their legal headaches.

BBM Solicitors News & Updates

The latest insolvency, commercial property, employment law, corporate law and legal news from BBM Solicitors

International Bar Association insolvency and restructuring conference, Edinburgh, May 2020

As Regular readers of our blog will know, we attend International Bar Association conferences. This blog explains why we think that is of benefit to BBM’s clients. Eric Baijal is in Seoul, South Korea for the IBA annual conference over the next week.

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Scots Law and the Short Form Demand

English lawyers are often puzzled by Scots lawyers’ reluctance to demand undisputed corporate debts using the formal statutory demand procedure contained in the Insolvency Act 1986. As legally qualified readers will know, a company may be wound up in terms of Section 123 of the 1986 Act if it is “unable to pay its debts.” It is deemed to be unable to pay its debts if a statutory demand in the prescribed form has been served on the company, and payment is not made within three weeks of service of that demand. In short, that means that if demand is served, the creditor needs to wait to for three weeks before petitioning the court to wind up the debtor on the ground that the company cannot pay its debts. That is a significant period if there is fraudulent activity and/or the risk of dissipation of assets!

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What’s in it for the clients?

It’s that time of year again where we are preparing to head off to the International Bar Association Conference. This year it is in Seoul, South Korea. The commercial benefits for BBM are fairly obvious. Very few Scottish lawyers attend the IBA. There can be around five thousand lawyers from other jurisdictions present. Each one of them is a potential referrer of work to BBM and we are also able to build up our network and potential client base.

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Cream cakes and conflicts

Regular observers of the UK Insolvency world will have read with interest the fact that KPMG are no longer in office as the administrators of Patisserie Valerie. Rather two insolvency practitioners from FRP Advisory LLP have been appointed. It seems from the press reports that the reason for that is because KPMG were unable to pursue the necessary investigations and court action arising from the insolvency. It seems that was because of a conflict of interest in relation to Grant Thornton, who were the auditors of Patisserie Valerie and also of KPMG.

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Trainee Solicitor Vacancy - Wick Office

We are now recruiting for a Trainee Solicitor to join our Wick office in September 2019. BBM is a full service law firm with offices in Wick and Edinburgh. The successful candidate will benefit from a varied traineeship with the chance to experience a broad range of practice areas dealing with commercial and private clients. We are looking for a self motivated and driven candidate to join the busy Wick Team.

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