On 1st September 2012 the Government passed new legislation regarding squatters' rights. Squatting has now become a criminal offence and can be punishable with a maximum 6 month imprisonment and a £5,000 fine. A squatter is someone who lives in an empty or abandoned building which they don't...
Ask for a rent free period . Given the state of the property market at the moment Landlords are anxious to get Tenants into occupation and will frequently agree significant rent free periods to avoid having to pay business rates themselves. Think carefully about who is taking...
R3, the Association of Business Recovery Professionals, has recently announced that they have seen an increase in corporate insolvencies and liquidations of 0.2% on the previous quarter and 4.3% on the same period last year. Lee Manning, the president of R3, commented "this may seem like bad news...
A recent court of appeal case has highlighted the need for business owners to be mindful when exchanging emails concerning negotiation/amendments to contracts, as they could unwittingly enter into an enforceable agreement. In the case in question the parties, Golden Ocean Group Ltd and...
Reforms to pre-packaged sales in insolvency (often referred to as pre-packs) have been put on hold, it was announced yesterday. In a written ministerial statement, delivered on 26th January , Ed Davey, the minister for the department for business innovation and skills, announced that planned...