Precise

Latest News

Sale of Defective Refrigeration Unit Triggers Guideline High Court Ruling

If you have bought goods that turn out to be unfit for purpose, the general rule is that you are entitled not only to your money back but also to compensation for additional losses arising. A case on point concerned a refrigeration unit which failed,...

Golf Clubs Maker Heavily Fined for Anti-Competitive Internet Sales Ban

The ever-increasing dominance of the internet as a sales medium was the focus of a landmark Court of Appeal case in which a bespoke golf club manufacturer that banned its authorised dealers from selling its products online was fined over £1 million...

Directors Must Subsume Their Interests to Those of the Company

Directors are obliged to put their own interests to one side in making decisions for the benefit of the companies they serve. The Court of Appeal emphasised that point in the case of a businessman who executed an unauthorised transfer of a company's...

The Truth Will Out! Judge Rules £12 Million Loan Contracts Worthless

Judges are sadly familiar with attempts to hoodwink them, but the great advantage of the litigation process is that, in the vast majority of cases, the truth will out. In a case on point, the High Court dismissed a £12 million claim after ruling a...

Two Innocent Victims of the Same Fraud - Where Does the Loss Fall?

It is a sad fact that sophisticated fraudsters can intercept emails or other digital traffic in order to divert payments away from their intended recipients – but where should losses arising from such deceit fall where there is more than one innocent...

High Court Umpires Fierce Row Over Pharmaceuticals Company's Future

Shareholder disagreements as to the direction a company should take are generally fought out behind closed doors. However, as a High Court case concerning the future of a troubled pharmaceuticals company showed, judges are always there to act as umpires...

Can Wild Animals Ever Be Owned By Anyone? Novel High Court Ruling

It may seem obvious that no one can own a wild animal. However, in a novel case of interest to property professionals – and anglers – the High Court has ruled that there are nevertheless property rights in wild fish held in captivity in a...

A Contract Is What it Says

When you enter into a contract, you are agreeing to be bound by what it says, not by what you think it means. Only rarely, such as when the meaning would make no commercial sense, will the court substitute its own view of the meaning of the contract if the...

Company Pays Crushing Price for Failing to File its Accounts On Time

The consequences of a company being struck off the Companies House register – even temporarily for nothing more than an administrative failure – can be catastrophic. In a case on point, a company that suffered that fate sacrificed the profits it...

Reached an Important Agreement? Get a Lawyer to Record It in Writing

Agreements are frequently reached behind closed boardroom doors, but a failure to engage a professional to record them, contemporaneously and in writing, can cause serious problems down the line. That was certainly so in one case concerning the tax...
  • Page 1 of 5