ILO publishes a series of legal Newsletters which provide expert legal commentary in the form of concise, regular news updates. The Newsletters are written in collaboration with over 500 of the world's leading experts and cover more than 100 jurisdictions.
Difficult economic conditions have led to a surge of insolvency proceedings in recent years. In this context, franchisors should be aware of the extent of their potential liability if the financial difficulties of one or several franchisees are serious and may lead to insolvency. This update outlines the various risks incurred by franchisors – both to franchisees and to shareholders, creditors and third parties – in light of recent cases.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808