Company wins breach of contract dispute with bank

An aviation company has won a breach of contract dispute with a bank over a multi-million pound deal to buy an aircraft. The court heard that the company had sought equity investment to finance the purchase and so entered into negotiations with senior bank staff. A commitment letter and a management agreement were drafted and

Government announces more measures to tackle late payment

The government has announced measures to strengthen the Prompt Payment Code and reduce the financial pressure on businesses. The measures are outlined in a letter to signatories of the code from Small Business Minister Margot James, and Philip King, Chief Executive of the Chartered Institute of Credit Management. These are some of the key points:

EU court rules against repeated fixed contracts for permanent work

Hiring employees on repeated fixed-term contracts to carry work of a permanent nature contravenes EU law. That was the decision of the Court of Justice of the European Union (CJEU) in the case of Spanish nurse Maria Elena Pérez López, who was employed by the University Hospital of Madrid. She began working for the hospital

Government to ‘continue with minimum wage despite lobbying’

The government says it will continue with the living wage and the National Minimum Wage despite lobbying from leading trade groups. The announcement follows reports that 16 trade bodies had written to Prime Minister Theresa May asking her to reconsider the policy in the face of a potential economic slowdown following the Brexit vote. A

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