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
The Government has announced new measures to reduce the burden of red tape for businesses. There will be a moratorium to exempt start-up businesses and firms with fewer than 10 employees from new domestic regulations for three years. There will also be a public audit of nearly 22,000 statutory instruments currently in existence to see
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
The demand for rental property will continue to outstrip supply until at least next year, according to research by the Association of Residential Letting Agents (ARLA). Its operations director, Ian Potter, said: “The lack of new rental stock for the private rented sector (PRS) was the dominant factor in the market last year, and will
The Localism Bill could cause uncertainty and chaos in the property market, according to the Law Society. The Society is concerned that the Bill will allow planning authorities to pursue a planning enforcement order at any time after they become aware that there has been a breach of planning control. It means property owners could