Archive: 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002
June
With the arrival of the credit crunch and the tightening of available credit to businesses, now, more than ever, cashflow is essential to ensure long-term growth and short-term survival.
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Directors have always been required to conduct themselves in accordance with case law and equitable principles, but in October 2007 new legislation defining directors? duties came into force with the purpose of clarifying these principles and putting them into statute.
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When it comes to the law relating to adverse possession of land, it's frankly a bit of a mess. Any claim for possession depends on whether the land is registered or unregistered and how many years the claimant has been in occupation.
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As those of us in the insurance world know, in January 2005 the Financial Services Authority (FSA) took on the role of the General Insurance Standards Council. Consequently, the Conduct of Business Rules is, therefore, incorporated into and forms part of the FSA Handbook.
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How can a new buyer or tenant protect themselves when it comes to liability for repair? It?s down to negotiation at the start!
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March
What does the change involve?
Since October 2007 the Mental Capacity Act has had a major impact on Powers of Attorney, introducing a new Lasting Power of Attorney (LPA) to replace the existing Enduring Powers of Attorney (EPA).
Any properly prepared EPA made before October 2007 is valid but you will no longer be able to make a new EPA. General Powers of Attorney remain unchanged.
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The recent Court of Appeal decision in the case of Charman resulted in the different treatment by the Court of two family Trusts that Mr Charman had set up.
The Court decided that the Trust which had been set up purely for the benefit of the children, would be excluded from the matrimonial assets but the Trust in which Mr Charman retained an interest, by being a potential beneficiary, would be taken into account.
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New tax rules are due to be introduced shortly. This is a quick trip through the main changes. If you are concerned about any of them, contact us to discuss.
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A new Inheritance Tax (IHT) rule will have an impact on how married couples and civil partners consider their estate planning and Wills.
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