Related Corporate & Finance News

The administrator of failed bank First London has revealed that it may take legal action against the company for transferring assets out of the company before going out of business

On 28 July 2010 Dyson lost a claim against Vax that Dyson’s design of its DC02 vacuum cleaner had been infringed by Vax’s Mach Zen C-91MZ cleaner. A year later, Dyson’s appeal of this decision threw up some interesting comments from the Court of Appeal on registered designs.

There has been a sharp increase in the number of companies whose assets have been seized by Her Majesty’s Revenue and Customs (HMRC) for late payment of tax.  The number of times HMRC used it’s powers of ‘distraint’ was 7,004 in the 12 months to April 2011, up from 1,675 in the year to April 2009.

A week after the biggest shake up in UK bribery laws in recent history came into force, less than half of Britain’s SMEs believe they are compliant with the new Bribery Act.

The new Bribery Act 2010 came into force on 1st July 2011 and can potentially affect you and your business.

The first significant overhaul of the UK’s bribery laws for almost 100 years comes into force this week, and anyone found breaching the brand new Bribery Act could face severe penalties, experts have warned.

More and more businesses being registered in the UK are launched by entrepreneurs since the star of the year, the Department of Business, Innovation and Skills (BIS) has revealed.

This important Act comes into force on 1 July 2011. It is essential that all companies and partnerships are aware of this new piece of legislation and have adequate procedures in place in order to avoid the potential offences which can be incurred for a breach of the Act. These include fines and potential imprisonment.

For the first time in 12 months, optimism is prevalent amongst British businesses, as a new survey discovers that business confidence has increased for the first time in over a year.

With the new Bribery Act coming into effect on 1st July 2010, Banbury legal firm Spratt Endicott is pleased to announce the Right Honourable Tony Baldry MP as guest speaker at its free Bribery Act seminar on Friday 24th June.

You are invited to attend a series of presentations on the new Bribery Act 2010 which comes into force on 1st July 2011 and can potentially affect your business.

After continued pressure from business groups, the Government has agreed to remove controversial aspects of the up coming Bribery Act.

The Bribery Act 2010, set to come into force this April, will be reviewed with a view to possible reforms, the Government has confirmed this week

The Government has released draft provisions that may be included in the Finance Bill 2011.  This article highlights some of these potential provisions

Whilst many workers and businesses are likely to be worse off as a result of the increase in the VAT rate to 20%, certain professionals may actually be able to benefit from the change

The Pensions Act 2008 states that all businesses must start automatically enrolling eligible staff into a qualifying pension scheme between 2012 and 2016, unless individual workers decide to opt out of such a scheme. By 2017, the minimum percentages to be paid into the scheme must be 4% by workers, 3% by employers and 1% by the Government.

Many businesses and particularly financial and credit businesses, lawyers, accountants and estate agents will be familiar with the requirements of the Money Laundering Regulations 2003, designed to ensure that their businesses are not used as a vehicle for money laundering.

From 1 October 2010 all companies in the UK have been required to have at least one natural person as a director. In other words, the Board of a company may no longer consist entirely of corporate directors.

Three quarters of small businesses think the coalition should cut spending to tackle the public deficit, new figures from the Federation of Small Businesses (FSB) ‘Voice of Small Business' survey show

In an effort to challenge economic “short-termism” and issues within British businesses, coalition Business Secretary Vince Cable has vowed to review corporate governance

Up to 400,000 new businesses could be eligible for tax reductions following the commencement of a government-led scheme

Entrepreneurial Brits will launch news businesses by the droves this year and tackle the rising problems of unemployment, the Federation of Small Businesses (FSB) has predicted

In the latest round of pressure against banks’ stringent lending policies, the Business Secretary Vince Cable has instructed banks to increase funding to hard-pressed firms.

In an effort to kick-start Britain’s laboured emergence from a deep recession, the government has pledged to simplify tax rules and the red tape currently stifling industries around the country

The coalition government has pledged to reopen a prominent lending forum and discover how best to secure the financial futures of thousands of small businesses around Britain

In a recent High Court case, the producer of Smirnoff vodka was able to prevent a rival manufacturer using the name “VODKAT” to describe a blend of vodka and fermented alcohol. For the time being at least “vodka” will enjoy the same protection as Champagne, sherry and advocaat.