What is “administration”?

Administration as we know it today started out as “administrative receivership”. If a company owed a debt that it couldn’t pay, the person or company it owed the debt to would appoint a person, known as an administrative receiver, to take control of the company. The administrative receiver usually sold the company’s assets, to make as much money as possible for the creditor. This typically led to the winding up of the company. In 1982, the Cork Committee found that many companies were being wound up unnecessarily because of the administrative receivership procedure. Acting on this, the Enterprise Act 2002 was passed, introducing modern administration which focuses more on rescuing companies.

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A Commercial Awareness Morning Routine

Being commercially aware is key to succeeding in any job in law or business, particularly in vacation scheme or training contract applications! Firms want to ensure applicants have both a sound grounding in commercial issues and an understanding of how they impact the legal market. Whilst commercial awareness might seem like a mythical area to tackle, taking simple steps every day to keep up to date with business news can get you thinking like a lawyer in no time! Adopting an easy and quick morning routine is a great way to incorporate commercial awareness practice into your daily schedule. The following recommendations should help you develop your commercial awareness to succeed in interviews and applications.

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LittleLaw Looks At… The Legal Framework for Deepfakes

Coinciding with the democratisation of technology (the rapid increase in accessibility of technology), the emergence of “deepfakes” has experienced a meteoric rise. The term “deepfake” is an apt amalgamation of “deep-learning” and “fakes”, two concepts which exist independently of one another, but when combined have a greater, more ominous meaning. Deepfake is the term used whereby somebody’s face (and typically words) are superimposed onto another’s body in a video, changing the content of their expressions and speech for any agenda imaginable, often with nefarious intent. Indeed, with remarkable ease, we are now enabled to change people’s words and actions.

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Should universities teach commercial awareness as part of the legal curriculum?

Commercial awareness essentially underpins all business, whether identifying growing marketplaces or the consequences of conflicting industry objectives, the achievements of collaborative mergers or even the wider determinants of social, economic or technological factors. All of these components formulate the environment in which businesses not only seek to survive in, but ultimately thrive. So, if commercial awareness is so important, should Universities be teaching it?

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