As from 1st October 2009 the Companies Act 2006 will be fully implemented. Over the last three years the Act has been phased in gradually and implementation of the final provisions of the Act signals a number of significant changes for companies throughout the UK. Some of the key changes that came into force in [...]
We are continuously faced with the effect of the “economic downturn” on a daily basis and whilst some people may be optimistic about the future, most of us are just trying to survive.
The same is very much to be said about business, regardless of the industry. Redundancies within the workplace are now common, however that [...]
Is a defendant liable to compensate an impecunious plaintiff for losses that may have been avoided or reduced had the plaintiff been in a better financial standing when the loss occurred? This scenario occurs in numerous situations, for example when a business incurs a loss of profits if it closes until compensation is paid following [...]
Each individual has a nil rate band for inheritance tax purposes on their estate (in the current tax year 6 April 2009 to 5 April 2010 this is £325,000).
Assets left to your spouse or civil partner are exempt from inheritance tax. However these assets remain taxable when your surviving spouse dies.
In October 2007, the government [...]
In November 2008 a decision was handed down by Mr Justice Burton in the case of Durham v BAI (Run Off) Limited (In Scheme of Arrangement) (2008). This case explored the practice of handling claims arising from harmful exposure to asbestos at work.
The traditional approach has been for EL Insurers, on risk when [...]