Personal friendship is sadly not always a good foundation for business relationships. In one case, a falling out between workplace colleagues who had been socially close for almost 20 years ended up being fought out before employment tribunals. The two…
It is legitimate to bring some pressure to bear on trade debtors to encourage them to pay up - but one case vividly revealed why such matters really are best left to the professionals. The Court of Appeal imposed jail…
Members of the business community are often understandably focused on day-to-day management and leave bookkeeping to others. However, one case in which an entrepreneur was ripped off for hundreds of thousands of pounds by a man who claimed to be…
Companies in the throes of cash flow difficulties should seek professional advice and not give in to the temptation of delaying payment of their tax bills. In one cautionary tale, a newspaper publisher was hit with a tough £70,000 penalty…
Fraud in the workplace can be very hard to detect – particularly where trusted senior managers are involved. In one case, the chief financial officer of a leading media company treated it as his personal piggy-bank, helping himself to about…
An experienced and respected insolvency practitioner who paid out almost £550,000 from a company in liquidation when she should not have done has been found liable to repay every penny after the High Court found that she had slipped below…
A businessman who was jailed for running loss-making companies while bankrupt and disqualified from acting as a director has had his sentence reduced after the Court of Appeal accepted that he had been too harshly punished. The man had repeatedly…
Insolvent tenants can be a major headache for landlords. For example, when a corporate tenant goes into administration, the landlord needs to obtain the consent of the administrator, or of the court, to forfeit the lease. This is because administration…