A company which specialises in sourcing financial products for independent financial advisers has triumphed in a claim for damages and unpaid commission in respect of its efforts in successfully marketing a student accommodation investment fund. The fund had only recently been set up by company
In a cautionary tale which underlined the vulnerability of cash transfer systems to fraud, a drilling company paid £470,000 into the wrong bank account after it was contacted by a fraudster shortly before the Christmas holidays. The company had intended to pay the money to
A former banker whose tortuous brush with employment law earned him a damages award which failed even to cover his legal costs has won at least some recompense from a negligent law firm which admitted having let him down. The man was purportedly made redundant
A farmer who submitted fraudulent VAT repayment claims, based on false invoices which he had created, has been sentenced to 30 months’ imprisonment. The farmer’s fraudulent claims totalled more than £1.4 million and, after he was arrested in 2011, he absconded to Zimbabwe. However, when
The curtain has been raised on an unusual commercial dispute between gaming technology companies triggered by an alleged software flaw which saw punters erroneously issued with winning lottery tickets worth many millions of pounds. Under a sale and purchase agreement, company A had bought all
The sale of the Russian state’s interest in a major oil company almost 20 years ago lies at the root of an intricate $2 billion dispute between three enormously wealthy businessmen which will be litigated in New York after a judge refused to block the
In an important case which illustrates the financial pitfalls of leaving employment, a senior worker who received £200,000 in settlement of age discrimination and unfair dismissal claims has been landed with an unwelcome income tax bill. The man, aged in his 60s, was a long-serving
The Advisory, Conciliation and Arbitration Service (Acas) has issued new guidance for employers who wish to impose dress standards in the workplace. The key points to bear in mind are: Employers should have sound business reasons for applying a particular dress code; Dress codes
The owner of a successful holiday firm which suffered substantial disruption and loss when a third party ‘took control’ of the website it used, and attempted to put off its customers, has been awarded almost £40,000 in damages by the High Court. Businessman A had
Amidst ever growing pressure for more housing in the South East, campaigners who are bitterly opposed to plans for construction of 1,400 new homes in the Hampshire countryside have been granted permission to mount a full judicial review challenge. The proposals for a greenfield site
