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A recent High Court decision has highlighted the issue of bank mandates being signed by only one party in the context of a partnership. In Kotak v Kotak [2017] EWHC 1821 (Ch) (18 July 2017) the Court was required to determine whether the signature of one partner was sufficient where a bank mandate in respect of a loan agreement specifically required all the partners’ signatures.
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When purchasing a property on a Shared Ownership agreement, you often have the choice of purchasing an initial share of between 25% and 75%. Staircasing, is the process of buying additional shares in a Shared Ownership property until the total share held is 100%.
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The ‘gig economy’ is the latest hot topic in the employment world. This is where individuals are engaged on a flexible and ad hoc basis as independent contractors and is popular for taxi drivers, food delivery drivers, cycle couriers, lorry drivers, plumbers and interpreters.
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When signing for a Lasting Power of Attorney, it is always in the best interest to choose a deputy instead of an attorney. It has been found that 90% of cases that are dealt with by the Court of Protection, involved attorneys who were family members and acted fraudulently when undertaking decisions.
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Tribunal fees were brought in with effect from 29 July 2013 under the Employment Tribunals and the Employment Appeal Tribunal Fees Order 2013 (Fees Order). Since their introduction, there has been a significant decline in the number of cases being brought forward in the tribunal. On the 26th of July 2017, the Supreme Court ruled that tribunal fees were in fact unlawful.
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The residence nil rate band is an additional tax free allowance that is given to qualifying individuals for any inheritance tax, and comes into force for any deaths after the 6th of April 2017.
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What is Shared Ownership? Shared Ownership is a successful government scheme which enables you to buy a share of a new build property and pay rent on the remaining share that you do not own. So if a property is worth £200,000 and you’ve purchased a 50% share in the property, the total rent payable would apply to the remaining £100,000.
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As of 1st October 2017, debt recovery and collections in both the commercial and consumer world is going to see a big change with the introduction of the debt recovery Pre-Action Protocol (‘PAP’).
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Following the Queen's speech on the 21st of June, 2017, there are some Employment Law changes to watch out for in the next Parlimentary session.
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In the recent Court of Appeal case of Adesokan v Sainsbury’s Supermarkets Ltd, it was held that an employee’s failure not to take steps to remedy an act of another employee was in breach of the company’s employee engagement assessment procedure and was enough to warrant dismissal for gross misconduct.
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