Network Rail avoids suspension of contract during dispute

Network Rail has succeeded in lifting the automatic suspension of a £1.8 billion contract for the delivery of a digital train control system. The issue arose after it invited tenders to install the European Train Control System (ETCS), a common digital signalling and control standard adopted by the EU to improve interoperability between railways in

Company directors ‘should be held responsible for late payments’

Company directors should be held responsible for late payment of invoices, according to a survey of supply chain managers. The research, carried out by the Chartered Institute of Procurement & Supply, found that seven out of 10 respondents believed there should be independent oversight and stronger penalties to prevent businesses abusing their suppliers. The survey

Tighter rules against money laundering come into effect

Companies that come under anti-money laundering legislation must now report certain irregularities to Companies House. The Fifth Anti-Money Laundering Directive (5MLD) came into effect on 10 January. It obliges businesses to tell Companies House if there’s a discrepancy between the information they hold about a beneficial owner and information on the Companies House People with

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