Hundreds of thousands of small businesses denied claims under business interruption (BI) insurance policies for losses arising from the pandemic are set to receive pay-outs, after the Financial Conduct Authority (FCA) won a test case against insurers in the High Court
In this month’s round up of legal news, Gateley Legal’s Sophie Brookes considers the importance of worked examples in commercial contracts, tax impact of ‘gross-up’ clauses and members’ duties to an LLP
In our regular Q&A series from Croner Taxwise, tax adviser, Marsha Haywood explores where an individual may make a claim to set a rental business loss against their general income (pension income)
In this month’s legal updates, Sophie Brookes of Gately Legal considers whether a company’s accountants owed a duty of care to a shareholder, company restoration and CIGA 2020
Two restaurateurs have been disqualified from managing companies after they caused their outlets to abuse the tax regime, owing more than £1m in tax between them
As the UK moves into a new era of sanctions and asset freezes, Stephen Baker, senior partner at Baker & Partners, says success depends on international cooperation to trace assets
A recruitment company boss has been banned for six years after paying himself a £150,000 bonus just before the company went into liquidation owing £289,000 in tax
FTSE 100 security outsourcing company G4S is to pay £38.5m to settle charges of fraud in a prisoner tagging contract with the Ministry of Justice (MoJ), in a deal with the Serious Fraud Office (SFO)
Half of companies believe the cost of a third-party incident has at least doubled in the past five years, according to Deloitte survey, with Covid-19 predicted to further increase need for investment in risk management
In this month’s round up of legal cases, Sophie Brookes of Gately Legal considers directors’ duties, death of sole director-shareholder and a breach of s21 FSMA 2000
The Corporate Insolvency and Governance Act has received Royal Assent, and came into force on 26 June, marking the largest change to the UK’s corporate insolvency regime in more than 20 years
High Court rejection of Unexplained Wealth Orders in Kazakhstani money laundering probe clarifies limitations of use, say Gary Pons and Dan Jones, barristers at 5 St Andrew’s Hill
In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding new legislation for AGMs and company filings, completion warranties and the meaning of ‘meeting’ in times of social distancing
The ground-breaking Corporate Governance and Insolvency Bill is now going through Parliament, ushering in a series of amendments to insolvency and company law in response to the coronavirus outbreak
Many businesses will be looking at their contracts to check whether the pandemic can be used as a reason for failure to delivery or receive goods and services, but much will depend on how these contracts were originally constructed, says Gately Legal’s Rustam Roy
