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Written by Dave Hedgecock
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Friday, 19 March 2010 12:26 |
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Salaried Partners Liability
The salaried partner contested the claim on the basis that he was not a partner because he did not share in the profits of the business. The Court, and subsequently the Court of Appeal, rejected this argument. In the view of the judges, the fact that there was a business and that it was carried on with a view to making a profit was enough to make him a partner.
Gillhams Solicitors
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Written by Hammond
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Friday, 25 September 2009 15:43 |
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Last year a letter dropped though the door of numerous former employees of Merricks LLP, putting them on notice that, if certain former members had to pay Merricks’ run-off insurance premium of £834,437, they might seek a contribution from Merricks’ former qualified staff (see [2008] Gazette, 10 April, 1).
Law Society Gazette 20 August 2009
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Written by Hammond
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Thursday, 30 April 2009 10:19 |
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The Association of Residential Letting Agents (ARLA) is introducing a licensing scheme for its UK members and a code of practice for letting agents.
Review the original article and return to post your thoughts and comments.
BBC News UK 5 May 2009
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Written by Hammond
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Tuesday, 21 April 2009 11:14 |
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The boss of Britain's biggest house builder, Taylor Wimpey, says he is "concerned and frustrated" by the valuation of homes in the UK, warning that it is costing the company sales as cautious lenders put pressure on valuers.
Review the original article and return to post your thoughts and comments.
Telegraph.co.uk - London,England,UK 1st May 2009
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Written by Hammond
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Tuesday, 30 June 2009 13:22 |
Hammond Professional Indemnity Consultants offer a facility for accountants, surveyors and a number of other professionals to purchase their run-off cover for a period of up to 72 months (six years) with a one-off single premium.
Six year PI (Professional Indemnity Insurance) “run off” cover is offered by a very limited number of insurers and has proved very attractive to many of our professional clients.
This is an excellent way to avoid the uncertainty of unknown premiums every year and allows the finalisation of your PI cover in advance at a fixed, one-off price. This cover can be ideal for those entering retirement, selling their business or merging their business with someone else where both parties don’t want to share the liabilities of the old businesses.
PI Run off cover can also be purchased via shorter multiple year policies with the option in some cases to purchase part years, for example five and a half years.
See our newsletter from more information on PI run off cover
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Written by Mo Miah
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Thursday, 30 April 2009 09:02 |
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Forensic accountants who act as expert witnesses in civil or criminal proceedings traditionally enjoy immunity from claims for breach of contract and/or negligence in respect of the evidence that they give, or intend to give, to the court by way of report or oral testimony. But several recent cases have undermined this immunity.
Review the original article and return to post your thoughts and comments.
Accountancy Age, 08 May 2008
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Written by Administrator
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Thursday, 19 August 2004 20:11 |
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This particular old chestnut may not be roasting on an open fire with Jack Frost nipping on its nose (as the song goes), but it has been going for years. It’s the perennial debate about the conflict between reasonable skill and care and fitness for purpose. However, there is an interesting twist to the debate which is of concern when drafting contracts.We will assess your needs and advise on the options;
Practical Law Company - Blog page
2009
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PI News Blogs
