Law and regulation

Insight / Covid-19: FCA wins landmark business interruption insurance case

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

Insight / Legal updates: September 2020

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

Insight / Q&A: using rental losses against pension income

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)

Insight / Legal updates: August 2020

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

Insight / Restaurateurs served with bans over tax failures

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

Insight / Asset freezing Magnitsky law bold step in human rights abuse fight

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

Insight / Ban for boss owing £289K in tax

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

Insight / G4S to pay £38.5m to settle MoJ fraud charges

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)

Insight / Third-party failures can cost companies £783m per incident

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

Insight / Legal updates: July 2020

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

Insight / Major corporate insolvency regime changes in force

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

Insight / McMafia orders fail to prove £80m properties illicit

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

Insight / Legal Updates: June 2020

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

Insight / Covid-19: amendments to insolvency and company law

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

Insight / Covid-19: business disruption and frustration of contracts

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