Fines imposed for health and safety breaches at work are supposed to hurt and send a deterrent message to management and shareholders. However, the Court of Appeal has ruled that a £1,985,000 penalty imposed on
The current craze for vintage clothing gave rise to a guideline decision concerning the import duty classification of used garments in which trenchant criticism was levelled at the tax authorities’ perverse approach to the issue.
Every step in litigation is subject to rigorously enforced time limits and sitting on your hands when faced with a claim is simply not an option. Developers found that out to their cost when their
Senior employees know the intimate details of the companies they work for and their departure to a competitor’s fold can be a disaster. However, a High Court case showed that professionally drafted contractual restrictions on
Insolvency proceedings must not be used as a means of bringing pressure to bear in commercial disputes and are only appropriate where there is a genuine inability to pay debts. The High Court made those
There is nothing commercially absurd about contractual restrictions on the right to litigate. The High Court made that point in dealing a blow to a subcontractor’s hopes of winning an additional £1 million for its
When you take out an insurance policy, it might seem tempting to minimise the risk insured against with a view to reducing the premium. However, one High Court case concerning a catastrophic property fire showed
Commodity prices go up and down and it sometimes makes financial sense for fully laden vessels to remain at sea for extended periods before discharging their cargos. In considering the financial consequences of one such
Insurance policies of any type are not worth the paper they are written on if you fail to make full and frank disclosure of all facts that might affect the risk that you wish to
Estate planning really is essential, particularly if you own a company, and a failure to take professional advice can store up unforeseen trouble for your loved ones. The point could hardly have been more powerfully
