When British Home Stores (BHS) collapsed in April 2016, it cost the jobs of 11,000 employees and left thousands of former employees not knowing if the pension they paid into for years would reap any return. It was estimated it would cost £571 million to make up the shortfall in the pension scheme. Following a massive public backlash, including being labelled “Sir Shifty” by the Daily Mail, Sir Philip Green, a former owner of BHS (but not the owner when it fell into administration) injected £363 million into the pension fund to help plug the shortfall. more
There comes a point where every business owner needs to consider what is the best way to grow their business. If you have built up a solid brand and a proven business model, you might want to consider franchising. more
One of the lesser known functions of a notary involves the notarisation of matters relating to international shipping. Given that for most of civilisation’s history, the sea has been the main avenue for transporting goods and conducting trade between nations, the notary profession has had a long and distinguished involvement in the law of the sea. For example, during the colonisation of America, notaries, who were selected from individuals of the most principled character, where depended upon to provide impartial reports as to the cause of damage or loss of goods at sea. more
Breaches of contract. Expensive, time-consuming, and something most businesses can do without. They are one of the most common reasons businesses turn to litigation funding. And because contract law permeates over so much of the day to day workings of a business, breaches are inevitable – what matters is the consequences of the breach to your business reputation and bottom line. more
Arbitration is where a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a decision on the disagreement. The decision is final, binding and enforceable throughout domestic and international jurisdictions. Arbitration is used extensively to resolve international contractual disputes. more
A number of businesses have to deal with the supply, storage and management of hazardous substances. These include: more
If you want to sell your product and/or service into a sector where you have few contacts, or perhaps you wish to enter an oversea market, you may wish to consider appointing an agent who can negotiate sales agreements on your behalf. more
If you are selling or developing software, it is imperative that you have robust agreements drafted when dealing with customers and suppliers. more
In November 2016 and April 2017 a number of changes to the Immigration Rules will come into force. They mainly affect the Tier 2 (General) and Tier 2 (Intra-company Transfer) Visa categories and UK Sponsor Licence programme. more
To create a legally binding commercial contract, the agreement must contain four essential elements. more
Local bodies, individuals and businesses (especially those within manufacturing or agriculture) need to know the laws pertaining to waste management contained in Part II of the Environment Protection Act 1990 (the Act) and the Environmental Permitting (England and Wales) Regulations 2010 (the Regulations). more