Read our latest articles, news briefs and legal updates across all our different services.
Relationships between shareholders in small companies are often tense, but what happens if they refuse allow meetings to take place that could determine the future of the business? The issue arose in a case involving a taxi firm that had two shareholders who were also both directors. The minority shareholder played no active part in
The Office of Fair Trading (OFT) has warned that consumer landlords are still being presented with potentially unfair terms in contracts with some letting agents. The warning follows the enforcement case last year against Foxtons for breaching the Unfair Terms in Consumer Contracts Regulations 1999 (UTCCR). Foxtons agreed to amend some of its terms concerning
The overall number of employment cases being brought to tribunals has fallen by 8%, but the number of age related claims has continued to rise. The latest figures from the Tribunals Service cover the period from 1st April 2010 to 31st March 2011. There were a total of 218,100 claims during that period, a fall
Four supermarkets and five dairy processors have been fined a total of £49.51m for co-ordinating prices. The action follows an investigation by the Office of Fair Trading (OFT). It found that Arla, Asda, Dairy Crest, McLelland, Safeway, Sainsbury’s, Tesco, The Cheese Company and Wiseman infringed the Competition Act 1998 by co-ordinating increases in the prices
The Government has clarified when forfeiture action can and cannot be taken for non-payment of rent and other charges. The move comes after ministers were made aware that the Notes for Leaseholders, which are part of the Landlord and Tenant (Notice of Rent) (England) Regulations 2004, SI 2004/3096, could be misleading. To avoid any confusion,
Many buy to let landlords buying a new property rely on the valuation carried out by the surveyor acting on behalf of the mortgage lender. Until now they have been reasonably secure in doing so because the law accepted that these surveyors owed a duty of care to the purchaser. It meant that if the
Companies entering into contracts with businesses abroad need to take care over the small print if they want any future disputes to be settled under UK law. Failure to do so could prove costly, as one UK company recently discovered. The company entered into an agreement with an Indian supplier to provide it with condoms
Many businesses are failing to take simple steps that could protect them against late payers, according to research by the Institute of Credit Management (ICM). A survey of ICM members found that a quarter of them don’t use the payment performance data provided by B2B credit reference reports. Researchers also found that two thirds of
The number of businesses operating from people’s homes has increased dramatically over the last year. Research by Lloyds TSB Business Insurance revealed there are currently 5.9m home-based businesses in the UK. More than a quarter of them were set up in the last year. The new businesses cover a wide spectrum from IT and computer
There is to be a new Unitary Patent providing protection across 25 countries in the European Union. The move is designed to help European firms protect themselves against the growing problem of copyright piracy. One of the difficulties at the moment is that there is no single patent covering the whole of Europe. Firms have