A UK resident member of a Delaware limited company will have to pay 67% tax on his very substantial profits after failing to convince the Court of Appeal that he is a victim of double taxation. Having already been taxed at a rate of 45%
A partner in a professional firm whose colleague engaged in a £2.5 million mortgage fraud was not liable for his misdeeds. A mortgage lender’s arguments that, on a correct interpretation of the Partnership Act 1890, the woman could be affixed with responsibility for its losses
In a decision of importance to landowners and water utility companies, the Court of Appeal has confirmed that the implied power enjoyed by sewerage undertakers for over 100 years to discharge waste water on to third party property without the owner’s consent has effectively been
An opera singer who claims that her father reached a ‘usurious’ agreement on her behalf, when she was a minor, to pay a businessman a substantial part of her future earnings in return for a financial contribution to her musical training has fought off an
In the context of an insurance dispute, the Commercial Court has upheld a ruling by arbitrators that the 9/11 hijackings that led to the collapse of the twin towers of the World Trade Centre in New York were two events, not one. The ruling will
It has been announced that the Government is to extend the Capital Gains Tax (CGT) regime on properties held by non-resident companies to UK resident companies as well. The practical effect of the change will be to increase the charge to Corporation Tax (CT) on
Leading retailer, Majestic Wine Warehouses Limited, has been granted a High Court injunction against a former employee who emailed its chief executive threatening to harm the company by poaching its business customers. The court entered summary judgment against the man after he failed to engage
In the context of a multi-million-pound contract dispute, the Court of Appeal has adopted a narrow interpretation of an exclusion clause and rejected arguments that it freed one of the parties from any potential liability, whether in tort or contract, in respect of loss of
A utilities company which settled a former employee’s mesothelioma claim for £250,000 is entitled to a full indemnity from insurers notwithstanding that the relevant policy only covered six of the 27 years during which the employee was exposed to asbestos, the Court of Appeal has ruled.
Arguments put forward by residents of a Cornish holiday village that they are entitled to withhold service charges until their landlord has complied in full with repair and maintenance covenants under their leases have been rejected. The Court of Appeal ruled that the tenants were
