A director has been held personally liable to pay the full market value of products that had been supplied to her company shortly before it went into liquidation. The claim against the director arose from her company’s failure to pay for a cargo of sunflower oil sold to it by a supplier in October 2012.
The government is urging businesses to highlight their experiences of late payment and put forward ideas to ensure earlier settlement, especially by large companies. One in four UK businesses say that late payments are a threat to their survival. Research by the Federation of Small Businesses suggests that prompt payments could add £2.5 billion to
A company director has won her legal fight to recover more than £2m that was misappropriated by her business partner who was also her brother. The couple were directors and shareholders of a company that owned a property operating as a restaurant. The restaurant ceased trading in 2017 and the property was put up for
Chancellor Philip Hammond has announced increases to the minimum wage rates. During his Budget speech, Mr Hammond said the National Living Wage will rise by 4.9%, from £7.83 to £8.21 from next April. This amounts to a £690 annual pay increase for a full-time worker. These are the increases recommended by the Low Pay Commission
A firm specialising in translation services has been awarded £142,000 damages after a rival company infringed its copyright by using similar website names to improve its search engine optimisation (SEO). The case involved Link Up Mitaka Ltd, which traded as the ‘TheBigWord,’ providing translation and interpretation services in the UK and across Europe. A rival
New rules designed to protect more than 800,000 people from poor living conditions in privately rented homes have now come into force. An estimated 4 million people live in private rented homes, including at least 1.1 million who are in licensable ‘houses in multiple occupation’ (HMOs). All landlords who let out a property to
A small clothes firm with a turnover of just over £300,000 has won a trademark dispute with the sportswear giant Nike. Frank Industries, based in London, owns the UK and EU trademarks consisting of the letters LNDR. Its sports clothes are sold in stores like Harrods, Harvey Nichols and Selfridges. In January 2018, Nike launched
New regulations are being introduced to help small businesses recover unpaid invoices from large companies. The changes will make it easier for firms to access invoice finance. Ministers say this could provide a £1bn long-term boost to the economy Currently a small supplier’s contract with a larger company may prevent it from securing invoice finance
The government has continued its crackdown on unfair letting fees by announcing that tenants in the private rented sector will no longer be forced to pay excessive fees for minor damages, The announcement is part of the Tenant Fees Bill and is a further measure to bring an end to costly fees imposed by a
The dismissal of a tanker driver for spilling fuel on a Tesco forecourt was unfair despite him being blameworthy. That was the decision of the Employment Tribunal, which reinstated him and awarded him £23,000 compensation. The case involved Mr D Nolan who had worked for XPO Bulk UK Ltd since 2010. In December 2015, he