A firm of brokers have won a commission claim against an investment company that started to bypass it by approaching its clients directly. The case involved Medsted Associates Ltd and Canaccord Genuity Wealth (International) Ltd (2019). Medsted had introduced several investors to Canaccord under a set of agreed terms. Medsted then alleged that Canaccord had
Three directors had damaged their family business by paying themselves too much and benefiting from company loans. That was the decision of the High Court in a case involving AMT Coffee Ltd. The company had been incorporated in 1993 as a retail coffee-selling business. Upon incorporation, four ordinary shares were issued, one each to three
Landlords and developers will soon have to join new regulatory schemes under proposals drawn up by the government to protect tenants and homeowners. Communities Secretary James Brokenshire has announced that there’s to be a Housing Complaints Resolution Service for the entire housing market. Mr Brokenshire said that unlike other sectors such as financial services, the
The car manufacturer BMW has successfully defended its trademark after bringing a claim of infringement and passing off to the Intellectual Property Enterprise Court. The other company in the case was BMW Telecommunications Ltd, whose owner had the initials BMW. It provided consulting services to railway companies regarding signalling and telecommunications. The car manufacturer claimed
A postman has lost his race discrimination claim against Royal Mail. In dismissing his case, the Court of Appeal outlined the twin test that must be passed to win such a claim. The court heard that the postman had graduate and post-graduate qualifications in forensic computing and had applied unsuccessfully for over 30 internal posts
A campaign for the government’s Prompt Payment Code to be compulsory rather than voluntary as it is now has been gaining cross party support from MPs. The idea was put forward by the Association of Accounting Technicians (AAT), which believes that the current voluntary system isn’t delivering for small businesses. The association has made three
Two builders have been ordered to pay compensation to a married couple despite claiming they were not responsible as individuals for problems with work they carried out. The couple had entered into a contract with builders advertising as HavenBuild, which was a trading name and not a limited company. The contract was for work on
More than 50 councils across England are to share nearly £2.4m of extra funding to crack down on rogue landlords. The government says that while most landlords provide decent homes for their tenants, the cash boost will enable local councils to step up action against the small minority who continue to flout the law and
A financial broker has succeeded in preventing a commercial lender from approaching its clients. The case involved Medenta Finance Ltd, which specialised in financial products in the medical and dental market. It had acted exclusively for Hitachi Capital UK Ltd. Under a 2011 agreement, Hitachi provided finance for the sale of products through suppliers introduced
New regulations contained in the EU Trade Mark Directive 2015 came into force on 14 January. The government says the changes are widely supported by users of the UK trade mark system and will be maintained regardless of the outcome of the negotiations surrounding our exit from the European Union. The changes are designed to