In 2006 the electrical retailer Powerhouse proposed a controversial ‘corporate voluntary arrangement’ (CVA) which would allow the closure of its loss making stores but to keep open its profitable ones. Powerhouse hoped to pay a fraction of the rent due to its landlords for the loss making stores which were to be closed. The proposal [...]

Posted: July 4th, 2007 under Dispute Management.
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The new Construction (Design and Management) (’CDM’) Regulations 2007 came into force on 6 April 2007. The new simplified regulations impose enhanced duties, in particular, on clients, as well as on principal contractors and designers. Failure to adhere to those duties may give rise to civil and criminal liability. The nature and extent of duties [...]

Posted: July 4th, 2007 under Construction.
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One of the big flashpoints in business is caused by directors and employees - even whole teams - leaving to compete. One tricky decision is about the activities which can lawfully be carried out in preparing to compete before the individuals actually left. The line is difficult to draw between steps which are lawful preparations [...]

Posted: July 4th, 2007 under Business Advisory Services.
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In the past few years the value of many assets has enjoyed significant growth, and whilst this has been beneficial to investors, it now means that an increasing number of individuals and their families face a growing Inheritance Tax (IHT) burden. There are a number of ways to mitigate, and in some instances eliminate, the [...]

Posted: July 3rd, 2007 under Asset Management.
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