A key benefit of a family charter is that it can create processes to record agreements on issues specific to the family that simply could not be dealt with in the company’s articles of association or shareholders’ agreement.
If you discover that your business has fallen victim to a payment scam, it is essential you act quickly. We provide guidance on immediate practical steps to take and summarise the main options for legal action to try to recover misappropriated funds.
Payment scams are on the increase. They are big business for fraudsters and businesses of all shapes and sizes are being targeted. All businesses need to be alert to the risks and to ensure staff receive training to combat these convincing scams.
Employment lawyers and HR teams are well acquainted with the routine dance involved in the negotiation of settlement agreements. However, it is important to note that HMRC has decided to make some changes which will affect some of the steps taken when negotiating exit payments.
Judgment was handed down in the important case of Various Claimants v Wm Morrison Supermarket Plc (2017) concerning criminal misuse of data by an employee, a timely case given the upcoming enforcement date of the GDPR, under which the frequency of employee group actions is expected to increase.
Only in exceptional circumstances will a court “pierce the corporate veil” and attach liability to a shareholder for the actions of a company thus reaffirming a long-standing principle of contract law.