Directors Legal Briefs
Court appeal strips fraudulent director of all his secret profits
Judges refused director the arguments of a Director who dishonestly profited at the expense of companies that he was duty-bound to serve. In a Court of Appeal case on point, one such miscreant was stripped not only of his underhand profit but also of half the value of his shares…
Read More Tax Dispute Resolution – No Such Thing as a Free Bottle of Wine
There really is no such thing as a free lunch or as in the case of the above by Marks & Spencer PLC. v The Commissioners for Her Majesty’s Revenue and Customs – Case Number: UT/2018/0067 which came before Upper Tribunal Judges Nugee & Guy Brannan, a free bottle of wine.…
Read More Business Acquisition Guide
Getting Started • Do your research and approach only reputable business transfer agents • You may be asked to sign a Confidentiality Agreement. We recommend that you take legal advice before doing so • You will need to view the target business and this is a great opportunity to gain…
Read More Business Transfer Checklist
We have produced in this Brief a Business Sale Checklist providing prospective sellers and purchasers a checklist of documents that will be needed to make the whole process that bit much smoother and less time-consuming. Whilst it would not be possible to produce an exhaustive checklist of each individual transaction,…
Read More Directors Responsibilities
In our experience many directors can often be haplessly unaware of the obligations they owe to their companies and although the new Companies Act 2006 goes some way in providing a comprehensive list of the duties of a director, it is still incomplete. We have compiled the below a guide…
Read More The Economic Downturn
The credit crunch is the buzz word on everybody’s lips and rightly so. There is no denying that these are difficult economic times. Harder than most of us care to remember. However this is not the time to loose heart. Businesses need to take stock by realistically reviewing business plans,…
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