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business-law

Repudiatory Breach of Contract

Contract law is complex and can lead to messy situations, especially when the circumstances involve more than two parties, as shown by the following case study. This case has brought to light how a contract can be deemed to have ended automatically following certain instances of a repudiatory breach of contract. What Is a Repudiatory [...]

‘No dividends’ Policy and High Directors’ Salaries Were Unfairly Prejudicial to Minority Shareholders

Directors operating a 'no dividends' policy risk shareholders claiming the policy is 'unfairly prejudicial' to them under company law, particularly if the directors pay themselves high salaries relative to what they do, unless the company can justify the policy. Three family shareholders held a minority 27.4 per cent of a family company's shares between them. [...]

10 Legal Facts Every Business Owner Should Know

Entrepreneurs and small to medium size business owners can often find themselves covering all sorts of tasks and functions. Bookkeeping, stock checking, ordering and procurement, human resources, payroll, negotiation and contract drafting all being additional tasks that have to be covered before doing the job. Legal and HR issues are no different and with all [...]
Acas Updates Guidance on Employment Status to Help ‘Gig Economy’ Employers

Acas Updates Guidance on Employment Status to Help ‘Gig Economy’ Employers

Employers will welcome updated Acas guidance on the status of different types of employee and worker, following various recent rulings that purported self-employed contractors working in the 'gig economy' can in fact be 'workers' and entitled to basic employment rights. The phrase 'gig economy' refers to work (often individual tasks) carried out under short-term contracts, [...]

Third Ruling Says Business Generating and Passing Work to ‘Independent’ Third Parties May Have to Treat Them as Workers

Businesses which generate and pass work to third party individuals to carry out on a self-employed basis should consider whether those individuals may in fact be 'workers' under UK law - and entitled to basic employment law rights - following a third important legal ruling. In separate recent rulings, the court decided that Uber drivers, [...]
Updated Guidance on UK Consumer Protection Law on Pricing

Updated Guidance on UK Consumer Protection Law on Pricing

Traders will welcome new, user-friendly 26-page guidance on the law relating to pricing and related practices, published by the Chartered Trading Standards Institute. The new 'Guidance for traders on pricing practices 'replaces the 'Pricing Practices Guide 2010', published by the Department of Business, Energy and Industrial Strategy (or Department for Business Innovation and Skills as it was [...]