Director must honour independent valuation of shares

A director has been told he must honour an independent company’s valuation of his business.

The case involved a company that was owned by two directors who decided to go their separate ways.

The first director owned 60% of the business. While he didn’t have an official contract with the company, a lot of its success was down to the good relationships he had with contacts at other businesses. The second director owned the other 40% of the company.

Landlords must check immigrant’s ‘right to rent’ or face a fine

The government’s ‘right to rent’ scheme, which will require landlords to check the immigration status of tenants, will be piloted in Birmingham and the West Midlands from 1 December 2014.

Landlords will need to check a tenant’s ‘right to rent’ before providing a property. This includes seeing evidence of identity and citizenship. Landlords will then need to make copies of the tenant’s documents as proof that the correct checks have been made.

Landlords who fail to make the necessary checks could be fined up to £3,000.

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