Buying and selling businesses can be fraught with difficulties as highlighted in a recent case before the High Court. It involved a company that wanted to sell one of its subsidiaries. A Chief Operation Officer was appointed to oversee the sale and a purchaser was found. The officer prepared an information memorandum which described the
The High Court has ruled that a limited liability partnership had no right to expel one of its partners because there was no binding agreement giving it the necessary powers. The case involved a recruitment agency in which the three members had marketed themselves as partners since 2004. They then started to consider becoming a
The directors of a development company have been found guilty of wrongful trading after continuing with a project long after they should have known it was bound to fail. The case involved the directors of a company which was set up to acquire a plot of land worth £900,000 and build industrial trading units. They
A director has been banned from revealing confidential information that could damage his former company. The issue arose after the director became embroiled in a dispute with his company that involved court action. The judge found in favour of the company and referred the director as having an “”attitude of blatant disregard for the truth,
Firms that use websites to promote their business are being urged not to fall foul of new EU legislation relating to consumer privacy. In future, firms will have to obtain permission before they are allowed to store files on a consumer’s computer. The new law is designed to control the use of small files such