It will be increasingly likely that invoices will not be paid on time or will be disputed in some form and while there may be many reasons offered for the refusal to pay, the commercial effect is the same adverse cashflow.
It is easy to forget that invoices were once sent by post – a cheque was raised, dispatched by post, and delivered by the supplier to their bank to deposit. The bank would check and confirm the recipient’s name and the payment would be completed.
Professionals have insurance to protect them when accidents happen. If your local vet reversed their car into you, or you reversed your car into them, neither of you would feel embarrassed about shaking hands and passing over the respective insurance documents.
In today’s decision in Perry v Raleys Solicitors, the Supreme Court has over-turned the Court of Appeal’s decision, and confirmed the County Court judge’s approach to Mr Perry’s ‘loss of a chance’ claim against his former solicitors. Mr Perry claimed that his former solicitors (who had acted for him on a personal injury claim arising […]
The Office of National Statistics (“ONS”) has quantified the expenditure on film production in the UK at £12.2bn since 2007, including that a proportion of that will have been spent on production of films that confer favourable tax treatment by qualifying as “British”. Some of the most successful examples include films from the Star Wars, […]
A recent High Court case, Commercial First Business Ltd v Pickup & Vernon, considered whether a broker who introduces potential borrowers to a lender owes a fiduciary duty to the borrower and thus should have told the borrower it was receiving a commission, and the amount of that commission.