Business Law

Investors compensated as if failed project had not happened

December 7th 2018
 

Mark Aspin Director and Head of Dispute Resolution The High Court has ruled that investors who had been persuaded to place money in a joint venture as a result of deceit should be compensated as if the failed project had not happened. The investment had been undertaken by Kea Investments Ltd, which placed £129m in a joint venture vehicle. The court ruled that as Kea had been induced to make the…

Director held personally responsible for company’s unpaid invoice

November 19th 2018
 

By Peter Stafford , Cartmell Shepherd’s Managing Director A director has been held personally liable to pay the full market value of products that had been supplied to her company shortly before it went into liquidation. The claim against the director arose from her company’s failure to pay for a cargo of sunflower oil sold to it by a supplier in October 2012. The supplier argued that it had entered into…

Chancellor increases Living and Minimum wage rates

November 8th 2018
 

Scott Garson  Practice Manager Chancellor Philip Hammond has announced increases to the minimum wage rates. During his Budget speech, Mr Hammond said the National Living Wage will rise by 4.9%, from £7.83 to £8.21 from next April.  This amounts to a £690 annual pay increase for a full-time worker. These are the increases recommended by the Low Pay Commission (LPC) and accepted in full by the government.  They will come into…

Landlord stops leaseholder letting out flat on Airbnb

November 5th 2018
 

Elizabeth Crouch Senior Solicitor A landlord has succeeded in legal action to prevent a leaseholder letting out his flat on short-term lets using websites such as Airbnb. The landlord was the freeholder of a building which had been converted into flats. Many of the flats had been sub-let by the leaseholders on assured shorthold tenancies, usually for a minimum of six months. One of the tenants started using his flat…

Call for evidence to combat late payments to small businesses

November 2nd 2018
 

Mark Aspin, Director and Head of Dispute Resolution The government is urging businesses to highlight their experiences of late payment and put forward ideas to ensure earlier settlement, especially by large companies. One in four UK businesses say that late payments are a threat to their survival.  Research by the Federation of Small Businesses suggests that prompt payments could add £2.5 billion to the UK economy and keep an extra…

High five for legal firm after it is named in national top 100 list!

October 12th 2018
 

A LEGAL business has been named in an influential top 100 list for the fifth consecutive year. Cartmell Shepherd is the only law firm in Cumbria to make the national Lex 100, which is based on reviews submitted by trainees. The business is ‘friendly, outgoing and goes out of its way to help people,’ according to the list publishers. The Lex verdict read: “Based in Cumbria and Northumberland, Cartmell Shepherd…

Simplified rules on buying or extending your leasehold home

October 5th 2018
 

By Laura Bright Solicitor If you own a leasehold property and want to extend the length of the lease, or buy the property, the procedure (known as ‘enfranchisement’) is currently a complicated, costly and time consuming one.  Radical reforms to provide a better deal for leaseholders who want to purchase the freehold or to extend the lease of their home have been put forward by the Law Commission. The proposals…

Building an engaged and loyal team is one of the best ways to project a business as a fantastic place to work …

September 24th 2018
 

Sheenah Alcock Photography Building an engaged and loyal team is one of the best ways to project a business as a fantastic place to work, a conference heard. And having a plan to actively market a company to potential employees ‘who may not even know they want to work there’ will give bosses a head start in the increasingly tough battle for talent. The two themes…

Farming Partnerships – Things to be Careful

September 21st 2018
 

By Jonathan Carroll, Head of Agriculture  Yet again a farming family dispute has led to huge legal costs, when a decent partnership agreement would have prevented it for a tiny fraction of the sums lost. The Wild family farmed Beard Hall Farm from 1965, which was owned by dad, Ben.  Ben and his wife Jean brought their son, Malcolm, into the partnership in 1978 when he was just 16, but…

Jonathan Carroll, Cartmell Shepherd Solicitors

Developer can’t dodge paying extra £750,000 for land

August 28th 2018
 

Elizabeth Crouch, Senior Associate and Head of Residential Conveyancing considers a recent Court of Appeal case where a developer has been ordered to pay an extra £750,000. A developer has been ordered to pay an extra £750,000 for land that was sold subject to the condition that the price would increase if planning permission for houses was granted. The issue arose after the developer purchased property from a landowner to redevelop…

We'll call you...
This site uses cookies.
ConfigureHide Options
 
Read our privacy policy

This site uses cookies for marketing, personalisation, and analysis purposes. You can opt out of this at any time or view our full privacy policy for more information.