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Machins Solicitors LLP

The latest news from Machins Solicitors LLP

 
Machins Solicitors LLP
 

Articles included this month:

How new Bills in Queen’s Speech will impact on businesses
Court upholds compulsory buy-out of minority shareholder
How are damages assessed when your supplier fails to deliver?
Ban on exclusive zero-hours contracts takes effect
Agency awarded £75,600 after being cut out of property deal
Contractor not liable for failings due to the wording of the ‘warranty’
Investor fails to acquire shares but gets money back plus interest

For more information call: 01582 514000 Visit www.machins.co.uk Follow @machinslaw
 
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How new Bills in Queen’s Speech will impact on businesses

The Queen’s Speech outlined several Bills that could have a significant impact on businesses. The government says the main theme behind most of its proposals is to strengthen the UK’s competitiveness and to create conditions that will enable companies to create more jobs. 

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Court upholds compulsory buy-out of minority shareholder 

A minority shareholder was not unfairly treated when his former colleagues decided to buy him out against his will. That was the ruling of the Court of Appeal in a case involving a private equity business.

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How are damages assessed when your supplier fails to deliver?

It is not uncommon for a company’s business to be disrupted because a supplier to fails to deliver materials on the agreed date. 

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Ban on exclusive zero-hours contracts takes effect

The ban on exclusivity clauses in zero-hours contracts has now come into force. It means that employees can no longer be tied to a company that may not have any work to offer them. 

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Agency awarded £75,600 after being cut out of property deal

An estate agency that was cut out of a property deal after finding a prospective buyer has been awarded its £75,600 commission in full. 

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Contractor not liable for failings due to the wording of the ‘warranty’

A contractor was not liable for the failure of some of its work despite apparently giving a 20-year “warranty”. That was the decision of the Court of Appeal in a case involving a multi-million pound project.

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Investor fails to acquire shares but gets money back plus interest

When investing in a business it’s important to have a written agreement clearly stating the terms and conditions that apply. Failure to do so can result in costly confusion as occurred in a recent case before the High Court.

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