Insurers get injunction against rival firm set up by employees

An insurance company has been awarded damages and granted an injunction against a group of employees who left to set up a rival business. The court found that the group had committed numerous breaches of their employment contracts and fiduciary duty. They enticed others to resign and also used confidential company information while still employees.

Do you need to take a stand over late payments?

Late payment of invoices has become so serious that the Government has set up a working group to help tackle the problem. Ministers also want businesses to sign up to its Prompt Payment Code, which already represents about 60% of the supply chain value in the UK. The Code is designed to encourage best practice and

Would you like to set up your own business?

The Government has joined forces with private enterprise to encourage budding entrepreneurs to set up new businesses. The ‘Business in You’ campaign highlights the support available for people wishing to start a new business or develop an existing one. A statement from the Department for Business Innovation & Skills says: “Small businesses are the lifeblood

Does your business need a ‘pre-nup’ agreement?

Businesses can suffer irreparable damage when directors disagree over company policy. This is particularly true for new or small businesses. For example, if two directors have equal shares in a joint venture, settling disputes can become very difficult.  At that point, just like many married couples, both sides may wish they had a business ‘pre-nup’

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