The Joint Money Laundering Steering Group (JMLSG) has published a revised version of the Asset Finance sectors in Part II of its guidance on the prevention of money laundering and the financing of terrorism for the UK financial services industry.Continue Reading
“We are not looking for perfection. We do not have thousands of inspectors going out and checking people’s homework. What we do have are millions of people that have new rights and they can make a complaint against a company to our office”.Continue Reading
Escalate, the ground-breaking commercial dispute resolution process, has been named ‘Best Collaboration Initiative’ in The Lawyer Awards 2018.
This is the second national award that Escalate has won in the past 12 months, having previously triumphed in the ‘Innovation of the Year’ category at the British Accountancy Awards last autumn. The process was also highly commended at the recent Legal Week Innovation Awards.
Escalate helps SMEs to achieve a prompt settlement to a wide range of commercial disputes, with fixed fees payable only on a successful outcome and no upfront costs.Continue Reading
Last July we wrote this article about three recent cases of identity fraud in property sales. In each case a fraudster impersonated the vendor and then absconded with the proceeds paid by the would-be purchasers, leaving the latter to try and sue either their solicitors or the ones acting for the fraudster.Continue Reading
We reported in the Winter 2017 edition of the Briefing that we had been informed by BEIS that they were content with a revised form of the Business Contract Terms (Restrictions on Assignment of Receivables) Regulations, which were first proposed as long ago as December 2014.Continue Reading
Whatever might eventually happen with Brexit, most informed observers will have recently had cause to reflect upon the differential between data protection law in the European Union and that in other advanced jurisdictions such as the US. The recent publicity involving Facebook has emphasised the fact that European Union law is light-years ahead of other mature jurisdictions in this respect.Continue Reading
Stephen Crawley (pictured left), founder & chief executive of Higsons 1780 Ltd, was born and bred on the Wirral and has held a lifelong ambition to bring pride back to the city’s brewing heritage and revive the glory of the former Higsons Brand. In this article, he tells the story of the brand and how he has resurrected it.Continue Reading
Do you have to reconsider a decision to dismiss an employee if you later find out she is pregnant? Ms Thompson was employed by Really Easy Car Credit, to do online telesales. She had worked there for a short time before discovering she was pregnant. During that time her performance was described as “average at best” and her employer raised various conduct issues with her. Ms Thompson took a day off sick. Unknown to her employer she went to hospital for a scan to find out whether she had miscarried.Continue Reading
The Supreme Court has decided that a head teacher, Ms Reilly was fairly dismissed for gross misconduct, for failing to disclose to her school’s governing authority the fact that she had a close relationship with a sex offender. The teacher argued that she was under no duty to disclose the relationship. There was no clear clause in her contract requiring her to report such a relationship. She did not live with the offender, although they owned a house together as an investment. They went on holiday together. She was a named driver on his car insurance. They were not partners, but their relationship was thought to be more than a financial one.Continue Reading
In this article, Jon Davage outlines some pointers for those seeking acquisition opportunities via an insolvency process.
The folding of a company may be catastrophic for the stakeholders of the relevant company, but insolvencies provide buyers with the ability to acquire assets and valuable customer contracts at reduced prices. However, acquisitions of this type are not without their perils and often have hidden costs. Here are some issues to consider before you embark on this type of deal.Continue Reading