Insolvency Act 1986: Primary legislation governing insolvency proceedings and procedures in England and Wales, including company voluntary arrangements, administration, and liquidation.
Companies Act 2006: Fundamental legislation governing company operations and corporate matters, including directors' duties and company communications.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation allowing businesses to claim interest on late payments from other businesses, setting statutory interest rates for late payments.
Limitation Act 1980: Sets out the time limits within which different types of legal claims must be brought, including debt recovery actions.
Consumer Credit Act 1974: Regulates consumer credit and consumer hire agreements, protecting consumers in credit transactions.
Consumer Rights Act 2015: Consolidates key consumer rights legislation, including unfair terms in consumer contracts and consumer protection.
Financial Services and Markets Act 2000: Principal legislation for financial services regulation in the UK, establishing regulatory framework and consumer protection measures.
FCA Regulations: Financial Conduct Authority rules and guidelines governing financial services firms, including debt collection practices and consumer treatment.
Credit Services Association Code of Practice: Industry standards for debt collection agencies, setting out best practices and ethical guidelines.
GDPR and Data Protection Act 2018: Legal framework for handling personal data, ensuring privacy and data protection in debt collection processes.
Pre-Action Protocol for Debt Claims: Court procedures that must be followed before commencing legal proceedings for debt recovery, including required information and timeframes.
Standards of Lending Practice: Voluntary standards for good lending practice, covering fair treatment of customers and responsible lending.
