Author Archives for Alex Lyttle

Settling Your Differences

 With both the current economic uncertainty regarding Brexit and the lead up to the Christmas period, the number of Settlement Agreements (previously Compromise Agreements) being offered to employees has greatly increased.  They are typically used in redundancy situations. It is a document that many of us have heard of but what is it and what…

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What is a Liquidated Debt?

Only liquidated debts, for specific amounts which have been ascertained fully and finally, can form the basis of bankruptcy petitions. As a High Court case shows, discerning which debts fall into that category can be far from straightforward. Outline of the Case The case concerned a businesswoman who had engaged in joint ventures to build…

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Financiers – always put your deals in writing!

One would have thought that sophisticated financial professionals engaged in high value deals would have the sense to get their agreements recorded in writing by a professional. However, that is sadly not universal practice and a High Court case illustrated the kind of disputes to which such failures can give rise. Outline of the Case…

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Facing Court action? Don’t bury your head in the sand!

If you are facing court proceedings, burying your head in the sand is the worst option you can take.  You should consult a lawyer immediately. In this case, a pair of business people who failed to take that sensible step were stripped of valuable shareholdings and had their behaviour criticised by the trial judge. Outline…

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GROWING PAINS

As your company grows, so does the risk to it if you are not completely up-to-date with your HR and legal needs. Leaving things to chance, or expecting what you have always done to suit the needs of an expanding business is dangerous. Failing to prepare for all eventualities, will mean your business will prepare…

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How a Solicitor can add value to a business Q&A

We participated in Solicitors Chat on Twitter answering questions about how Solicitors can add value to a business and what are the benefits of contacting a Solicitor. Our Associate Partner, Alex Lyttle, provided some insightful answers on this topic. We’ve set out our answers out below. What are the benefits of consulting a Solicitor for…

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How Do Third Party Debt Orders Affect Solicitors’ Client Accounts?

Third party debt orders can be a powerful means of enforcing judgments, but how do they affect funds held in solicitors’ client accounts? The High Court considered that issues in a guideline case concerning an alleged financial fraud. What happened? Two companies and an individual launched proceedings against a businessman. They alleged fraud in connection…

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