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In the light of new legislation coming into force on 1st October, the Law Society is urging people to consult their solicitor to check their will is accurate and up-to-date following changes made to inheritance laws. The Law Society highlight the fact that if you die intestate i.e. without having a valid will in place,
Late payment and cash flow remain two of the key problems faced by businesses in the UK, according to a recent survey carried out by credit card company American Express. The survey revealed that 95% of business owners and managers continue to prioritise efficient cash flow practices, and consider it a key factor towards long-term
A drinks company has been ordered to pay damages of £8m to a licensee following a breach of contract. The case involved a dispute over cordial and carbonated drinks. The parties had an agreement that the licensee could produce and distribute the products in Pakistan for a period of five years. The licensee spent a
The government is calling on businesses, unions and employees to help it ensure there are no loopholes in the law banning exclusivity clauses in zero hours contracts. Ministers fear some unscrupulous employers may try to get round the ban by methods such as offering contracts guaranteeing one or two hours’ work a week. The issue
A court has ruled that a tenant’s breaches of contract in relation to business premises were serious enough to justify the landlord’s decision not renew the lease. The case involved a landlord who owned a commercial and residential property. It was leased to a tenant with an agreement that it would be used as a
Two company directors have been disqualified after their firm breached the terms of an invoice discounting agreement (IDA). The company had entered into the IDA with the bank after falling into financial difficulty. The directors, one whom was the managing director, breached the IDA by re-aging some of the invoices to give the impression that
A company has been ordered to pay a consultant his fee for helping to negotiate a business deal, despite there being no written record of any agreement being made. The company was part of a Swedish industrial and transportation conglomerate. It had been working on a contract with the oil company Shell. The consultant was
The number of sex discrimination claims has risen over the last two years. There were 13,700 cases in 2013 compared with 10,700 in 2012. Research from the Times newspaper shows that they now make up 55% of all discrimination claims, whereas they made up just over 33% two years ago. Sex discrimination claims are now
A distribution company has been ordered to pay commission to an agent on deals that were completed after his retirement. The agent started working for the company, based in Holland, in 1997. It produced and exported various products. The agent’s role was to introduce these products into the UK market, and be a point of
Council house tenants can now receive higher Right to Buy discounts following a government move to improve the scheme. Tenants in London can qualify for discounts of up to £102,700 off the value of their home. In other parts of the country the discount can be as high as £77,000. The discount caps will now