No Liability for Loss When Money Laundering Suspicions Raised
No Liability for Loss When Money Laundering Suspicions Raised The money laundering regulations that apply to banks compel them to notify the Serious Organised Crime Agency (SOCA) if there is a suspicion that a transaction they are being asked to complete is connected with criminal activity or is the proceeds of crime. The transaction proposed ...
Read MoreThe Cost of Not Checking Ownership in a Purchase
The Cost of Not Checking Ownership in a Purchase One of the most important things to make sure of in any legal agreement involving the purchase of assets is that the transferor actually owns the assets you are seeking to buy. Recently, electronics giant Apple found itself facing embarrassment after it launched a claim in ...
Read MoreCompetition Act Extended to Land
Competition Act Extended to Land From 6 April 2011 The Competition Act 1998 extended to cover agreements with regard to land. Such agreements were previously excluded. The Act seeks to prohibit agreements, etc. which prevent, restrict or distort competition. The change is important for owners and occupiers of land, because it has been common for ...
Read MoreBusiness Splitting and VAT
Business Splitting and VAT Where a business has different facets and the ownership is legally separate, it is normally possible for the legal structure to be kept as two separate businesses. This can have advantages where one part of the business supplies goods or services to the final consumer (so that, in effect, the VAT ...
Read MoreAdministration and TUPE rules
Administration and TUPE rules The employee in this case was made redundant a few days before the company she had worked for went into administration. The administrators subsequently entered into a management contract with another entity under which part of the business was transferred to that entity. The employee brought a claim for unfair dismissal ...
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