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Administrators of Insolvent Hotels Group See Off Shareholder Criticisms

Administrators of insolvent companies often face criticism as a consequence of holding the frequently embattled line between shareholders and creditors. That was certainly so in a High Court case concerning a troubled hotels group. Administrators had been appointed by secured creditors of the group, which owned 10 luxury hotels but had liabilities in excess of...

This Is Why You Should Respect Your Employer’s Confidentiality Rights!

Those who fail to respect the confidentiality of their employer’s valuable information often believe that the consequences are limited and that it is financially worth their while. However, they may well think again in the light of a case in which an IT professional’s misdeeds earned him three lengthy terms of imprisonment. The man worked for a company that...

Football Ground’s £10 Million Development Potential Triggers Family War

Important agreements, even between close family members, should always be put into writing by a lawyer as the best means of heading off future discord. The point could hardly have been more clearly made than by a High Court dispute concerning a ramshackle football ground that set father against son. A businessman had stepped in to save his struggling local...

A Professional Litigator Will Tell You When It’s Wise to Cut Your Losses

Everyone is entitled to seek justice from the courts, but perhaps the most crucial role played by professional litigators is to advise their clients when it is wise to settle and cut their losses. In one case exactly on point, minority shareholders whose interests were unfairly prejudiced nevertheless came away severely out of pocket. The shareholders owned 13...

Mentally Ill Killer Refused NHS Compensation on Public Policy Grounds

It has long been established that those who suffer injury or financial loss as a result of their own illegal acts are not entitled to compensation. The Court of Appeal upheld that principle in ruling that a mentally ill woman who killed her mother was rightly refused damages in respect of the psychiatric and other consequences of her crime. The woman had at...

Writing Off a Loan to Your Own Company Can Have Tricky Tax Implications

Many entrepreneurs treat their companies as their babies, lending them their private money and, if necessary, writing off such debts when times are hard. In a case of interest to the business community, a tribunal has analysed the effect of such arrangements in Capital Gains Tax (CGT) terms. The case concerned a businessman who gave up his financial services...