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…
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…
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…
When it comes to property, the old maxim is that only three things matter: Location, location, location. At the turn of the millennium, it is fair to say Gloucester was far from a prime spot with businesses unwilling to relocate to the city. At this time, Tayntons had only one member of staff dedicated to…
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…
Helping friends in financial trouble is one thing, but assisting them in defrauding their creditors is quite another. In this case, a woman who came to the dishonest aid of a businessman facing bankruptcy was herself hit hard in the pocket. Outline of the case The woman was sole director and shareholder of an entirely…
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…
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…
The question of what is and is not a house in multiple occupation (HMO) is far from straightforward to answer, as a recent decision of the First-tier Tribunal (FTT) showed. It was held that landlords who fail to take legal advice on the issue can be hit in the pocket after unwittingly breaching the law….
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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