Guidance on Letters of Intent
Letters of intent are widely used in the building trade, because it is normal for both developer and contractor to wish to make progress on a building project without having to wait until the formal
When Does a Draft Deal Become a Binding Agreement? High Court Guidance
As any property professional will know, negotiations can be tense and it is common for various draft agreements to fly between parties without any final deal in fact having been reached. Exactly that happened in
IT Boss Resorted to £300,000 Tax Fraud to Save Her Business
Small businesses are often like families and directors feel a very personal obligation towards their employees. However, in one striking case, a woman’s battle to keep her IT company afloat and her staff in work
More Administrators Needed to Cope with Retailer’s Collapse
When companies fall into insolvency the courts are often heavily involved in ensuring that creditors’ interests are properly protected. That was certainly so in one case in which the High Court sanctioned the appointment of
Free Employee Bus Pass a Taxable Benefit, Tribunal Rules
Fringe benefits provided to employees are usually taxable – but there are exceptions, and one of them came under detailed scrutiny in a case involving a free bus pass issued to a local authority worker.
Dispute Resolution in London the Oil on Wheels of International Trade
The English commercial courts are truly multinational and are often seen as the oil on the wheels of world trade. In one case, the High Court in London was considered the right venue in which
Fairness Comes First in Resolution of Contract Disputes
Where the rights and wrongs of a contract dispute are in no real doubt, the courts can swiftly deliver justice – however, where matters are less clear, fairness will usually demand a full trial. One
The Corporate Veil Will Not Protect Those Who Wilfully Default on PAYE
Company directors are under a personal duty to ensure that National Insurance (NI) and Income Tax (IT) liabilities are met and the corporate veil will not protect them in the event of wilful default. In
Cruise Ship Refurbishment Delay Leads to Euros 770,000 Payout
Contractual deadlines can be very tight and the financial consequences of breaching them are often severe. In one case which underlined the point, a cruise ship operator won Euros 770,000 in damages from a shipyard
Business Confidence in Negative Territory, Says ICAEW
The latest business confidence survey from the Institute of Chartered Accountants in England and Wales (ICAEW) shows a continuing weakness in business confidence post Brexit right across almost all of the UK and affecting most