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Claims against negligent professionals – a brief guide

October 30 2012 Businesses and individuals frequently rely on the advice and skills of professionals such as solicitors, accountants, financial advisers and surveyors. 

Security trustee’s duties to mezzanine lenders on enforcement clarified by the High Court

November 23 2012 In Saltri III Ltd v MD Mezzanine SA Sicar & Ors [2012] EWHC 3025 (Comm), the High Court held that a security trustee under an inter-creditor agreement owed duties to the mezzanine lenders that were equivalent to those owed by a mortgagee to a mortgagor, which were not fiduciary duties.

Rule 3 transactions: acting for both borrower and lender

October 24 2012 The Solicitors Regulation Authority Code of Conduct 2011 (‘the Code’) prevents solicitors from acting for both parties in a transaction where there is a conflict of interest or a significant risk of one.

Flexible parental leave and flexible working – Nick Clegg’s proposals

November 13 2012 On 13 November 2012, Nick Clegg announced plans significantly to overhaul the current parental leave framework.

Employment contracts - reasonableness of restrictive covenants

November 21 2012 In the recent case of Patsystems Holdings Limited v Neilly [2012] EWHC 2609 (QB) the High Court has confirmed the principle that the reasonableness of a restrictive covenant in an employment agreement must be judged at the time the covenant is entered into and not at the time when the employer seeks to enforce it.

Government proposals announced to halve the consultation period for collective redundancies

December 19 2012 The Government has announced a proposal to halve the 90 day minimum consultation period, for collective redundancies of 100 employees or more in one establishment, to 45 days.

Technology investment – latest developments

December 17 2012 Following the credit crunch, technology investment has held up relatively well. 

Increases to statutory sick pay and statutory maternity, paternity and adoption pay announced

December 11 2012 It has just been announced that from 6 April 2013 Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, and Maternity Allowance will increase from £135.45 to £136.78 per week.

Employment - annual increases to compensation limits announced

December 11 2012 The annual increases to Compensation Limits will take effect as always, on 1st February (2013).

Security trustee’s duties to mezzanine lenders on enforcement clarified by the High Court

November 23 2012 In Saltri III Ltd v MD Mezzanine SA Sicar & Ors [2012] EWHC 3025 (Comm), the High Court held that a security trustee under an inter-creditor agreement owed duties to the mezzanine lenders that were equivalent to those owed by a mortgagee to a mortgagor, which were not fiduciary duties.