Divorcing husband cannot protect assets in his companies

The Supreme Court has delivered a landmark ruling that divorcing husbands cannot protect their assets by signing them over to companies – a practice described as a “cheat’s charter” by some lawyers. The case involved the high profile couple, Michael and Yasmin Prest. Last year the High Court ordered that Mrs Prest should receive £17.5m

New measures to ‘simplify and strengthen’ company reporting

The Government is introducing new measures which it says will both simplify and strengthen company reporting. The reforms mean that annual reports will include additional information on human rights issues, gender representation across the company and disclosures on greenhouse gas emissions. Ministers say the changes are designed to address concerns that reports from public listed

One in six SMEs worried about the future

One in six small to medium-sized enterprises (SME) are worried that financial pressures could see them go out of business within the next year, according to global insurer Zurich. The figures are contained in Zurich’s SME Risk Index for Quarter 4 of last year, in which YouGov questioned decision makers at more than 500 businesses.

More business development applications to be fast tracked

The Government wants to allow more business development applications to be fast tracked through the planning process. Currently, only applications that have a national significance such as transport, water, waste or energy projects can benefit from fast-tracking. Planning Minister Nick Boles wants to extend the system to help businesses grow as quickly as possible. He

New Consumer Rights Bill will affect businesses

The Government is introducing new legislation designed to clarify the rights of consumers and businesses. Ministers say the Consumer Rights Bill will streamline complicated legal issues currently contained in eight different sets of regulations. Under the draft Bill consumers will have the right to: get some money back after one failed repair of faulty goods

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