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Company or Unincorporated Firm? The Distinction Can Be Vitally Important!

A limited company has a legal personality all of its own, but an unincorporated firm does not. As a High Court ruling in respect of a domestic building dispute showed , that distinction can in some cases be a crucial one. A couple who were to move into a...

Doing an Important Business Deal? Make Sure You Get it in Writing!

The existence of oral agreements is easily asserted but very hard to prove, and that is one good reason why important deals should be in writing and professionally drafted with the benefit of legal advice. In a case on point, a businessman received nothing...

Licence Revocation Threat Averted by Prompt Action

Government regulatory decisions can have an instant and catastrophic impact on businesses, but prompt legal action can ensure that such damage is not unfairly inflicted. The point was made in the case of a company whose licence to warehouse duty suspended...

Just Because a Debt is Small...

Many people think that the costs and difficulty of litigation mean that it is not worth pursuing relatively small debts. However, a High Court case in which a carpenter won the right to be paid for his work on a building project showed how wrong that...

Gold Visas Scheme Relaunch With Vetting Proposed

The Government has taken steps to halt the 'Tier 1 Investor' visa scheme after it became clear that it was being used to launder the proceeds of criminal activity and tax evasion. The scheme allowed wealthy individuals to enter the UK and obtain indefinite...

Financial Ombudsman Service Remit to be Extended to Cover More Small Businesses

The Financial Ombudsman Service (FOS) exists to deal with complaints between financial service businesses (such as banks, insurance brokers, and loan and mortgage providers) and their customers – some of which are also businesses. Access to the FOS is...

Director Who Flouted Ban Given Jail Sentence

Ignoring a court ruling is a foolish strategy at any time – as a man who continued to act as a director after having been banned from doing so found recently. In 2011, the man had agreed to a four-year ban after being involved in the running of a...

Modern Slavery Compliance Regime to be Tightened Up?

There are estimated to be more than 40 million people who are victims of 'modern slavery' at any given time. A quarter of them are children, and the number of victims in the UK was estimated to be between 10,000 and 13,000 in 2013, although the National...

Sovereign Wealth Fund's $3 Billion Worldwide Freezing Order Overturned

Worldwide freezing orders are an essential means by which dissipation of wrongfully obtained money and assets can be effectively prevented. However, as an important High Court ruling showed , such orders are only worth the paper they are written on if they...

Pension Trustees Take Note

Pension transfer scams are commonplace and cause a great deal of hardship for the dupe who puts their trust in the scammer and thereby loses all or part of their pension fund. However, the loss can also extend to pension schemes, a fact of which pension...
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