Small businesses ‘expect late payment problems to get worse’

Nearly a third of small businesses expect the problem of late payment and cash flow to get worse, according to a survey conducted by Lloyds Bank.

 

The survey reveals that late payment of invoices remains the main cause of cash flow problems facing UK firms. One in five businesses admit it’s causing them difficulties, and nearly one in three expect that more customers will request deferred payment terms over the next six months.

 

Divorcees win the right to reopen settlements

In the recent landmark cases of Sharland and Gohil the Supreme Court granted the appeals of two wives asking for financial settlements agreed after their divorce to be reconsidered by the Family Courts.

 

In the both cases the parties had reached an agreement for a financial settlement. Both, at a later time (with ink barely having dried on the agreement in Mrs Sharland’s case) discovered that their husband’s had not fully disclosed their financial position.

 

Firm stops former directors using its software with rival business

A computer programming company has been granted an injunction preventing some of its former directors from using its software in a rival business.

 

The court heard that the company, Allfiled UK, had developed technology for the storage of important or confidential personal data. Allfiled claimed that some of its directors who worked on the system had left to set up a new company developing and selling a similar product.

 

Travel time can be ‘work time’ for employees with no fixed base

The European Court of Justice (ECJ) has ruled that if employees don’t have a fixed place of work then the time they spend travelling from home to their first job of the day should be classed as work time.

 

The same principle applies to the time spent travelling back home after the last job of the day.

 

New regulations affecting landlords and tenants come into effect

New regulations governing the use of section 21 eviction notices and specifying the information landlords must provide to tenants came into effect on 1 October.

 

Landlords must provide tenants with the following information at the start of the tenancy or as soon as possible afterwards:

 

  • a copy of the Energy Performance Certificate for the property
  • a copy of the current gas safety certificate
  • a copy of the Department for Communities and Local Government’s How to Rent: the checklist for renting in England.

 

Co-Defendants and Default Judgement

Where a Defendant fails to properly respond to a Claim within prescribed periods the Claimant can apply for a “Default Judgment” against the Defendant e.g. if for a money claim, for the full amount claimed.  The Judgment stands and is enforceable unless an application is made to set aside the Judgment, which is not always easily done.