Accountant Ordered to Repay £150,000 - An accountant who defrauded his employer of nearly £900,000 over a decade was ordered to repay £150,000 (the maximum amount of assets available for seizure) and was sent to prison for three years .... more
Businessmen Denied Profit for 'Borrowed' Business Plan - When someone breaches a confidence and uses confidential information to make a profit, one of the legal remedies which may be sought is to require the person committing the breach to account for the profit made as a result .... more
Contract Clinches Fee for Ex-Advisers - It is not uncommon for a company to switch financial advisers when it is seeking to do a deal, but doing so without a full appreciation of the implications of the contract with the financial advisers who have been shown the door can be an expensive mistake .... more
Court Supports Ex-Director's Right to Start New Business - When senior employees leave a company, the commercial risks presented can be considerable .... more
New Company Name Check Facility - On 28 April, Companies House introduced a new 'Company Name Availability Search' as part of its WebCHeck service, which will return the 'same as' matches as defined in the Companies Act 2006 .... more
Insolvency – Court Considers Repeated Notices - When a notice that a company intends to appoint an administrator is given, there is a moratorium lasting ten business days, which gives the company a breathing space in which to put together a rescue deal and other interested parties time to consider their positions .... more
Insurance Provisions in Commercial Leases by Robert Sweet - Severe damage to or destruction of demised premises can cause enormous problems for both a landlord and tenant. The landlord's investment could be affected if the premises are under-insured, and the tenant's trade will, of course, be disrupted in respect of commercial premises .... more
New Minimum Wage Rates - New rates for the National Minimum Wage (NMW) will come into force on 1 October 2010 .... more
Sickness and Annual Leave - The question as to whether employees who are off work due to sickness for more than a year are entitled to paid statutory holiday under the Working Time Regulations 1998 (WTR) was dealt with in the case of Stringer and others v HM Revenue and Customs .... more
Without Prejudice Challenge Fails - A company that sought to give as evidence in court 'without prejudice' comments made by the company with which it was in dispute met with a firm rebuff from the Court of Appeal recently .... more