Comments on: Legal Services for Businesses

By: Data Protection – ICO Urges Vigilance

Data Protection – ICO Urges Vigilance — Sun, 10 Jul 2011 10:46:30 +0000

[...] Posted 5th October 2010 in General The Information Commissioner’s Office (ICO) has urged organisations to be extra vigilant in the way they handle personal data, after the number of reported data protection breaches reached 1,000. Anyone who processes personal information must comply with the eight data protection principles laid down in the Data Protection Act 1998 (DPA) in order to make sure that it does not end up in the wrong hands. This means having in place procedures to avoid wrongful disclosure and ensuring that staff are adequately trained in applying them. Many data security breaches are the result of human error. The ICO has issued guidance on how to ensure personal information is protected and has also published a Code of Practice explaining the approach the DPA applies to the collection and use of personal information online. This gives practical advice for organisations that do business over the Internet and are therefore subject to the DPA. Here are some more commercial law tips. [...]

By: Small Businesses Gloomy Over Prospects

Small Businesses Gloomy Over Prospects — Sun, 10 Jul 2011 10:45:26 +0000

[...] Posted 6th November 2010 in General According to the latest economic report from the Institute of Chartered Accountants in England and Wales, micro-businesses do not share the optimism of mid-sized businesses over growth prospects for the next two years. The survey found that only 56 per cent of micro-businesses thought their turnover would increase in the next two years. With muted growth prospects and almost all businesses claiming to be intending to increase profitability in the next year, it seems inevitable that the preferred route will be cost-cutting. That, in turn, is likely to create downward pressure on supplier prices. In addition, 60 per cent or more of micro- and small businesses consider the UK regulatory system to be ‘not business friendly’, with employment law, tax, health and safety regulations, business tax and planning law coming in for particular criticism. Contact us for advice on all aspects of business law. [...]

By: Fraud law | Litigation Solicitors Birmingham

Fraud law | Litigation Solicitors Birmingham — Sun, 10 Jul 2011 10:43:57 +0000

[...] Accountants KPMG have reported that the level of fraud in 2010 was up by nearly a fifth in 2010, with 314 incidents worth nearly £1.4 billion reported. The biggest sources of fraud are those committed by professional criminals, although these fell slightly in 2010. For businesses, the biggest danger is the ‘trusted employee’. The 61 cases brought in 2010 included one fraud of more than £200 million in which the money was siphoned abroad. The other 60 commercial frauds averaged £3.65 million each. More than 40 per cent of frauds (totalling more than £570 million) were committed against public bodies. The biggest single fraud of this type was for more than £100 million. We can advise you on the minimisation of your legal risks in many areas. Commercial law tips. [...]

By: Bribery Leads to $150 Million Settlement

Bribery Leads to $150 Million Settlement — Sun, 10 Jul 2011 10:35:46 +0000

[...] Posted 12th May 2011 in General The laws against corrupt practice in the USA are both strong and pervasive, as a recent case illustrates. It involved a London solicitor who is a US citizen and who was charged in the USA in connection with corrupt practices with regard to contracts worth more than £4 billion that had been awarded in Nigeria to a consortium represented by the solicitor. He paid bribes to high-ranking Nigerian officials between 1996 and 2004. He fought extradition to the USA on the grounds that the time-lag between the offences and the case coming to trial prevented a fair trial and that the offences were too distant from the US for the courts there to have authority. Despite that fact that only one of the member firms of the consortium was American, he was extradited to the USA and negotiated a plea bargain with the US authorities. This involved him agreeing to forfeit nearly $150 million. He is scheduled for sentencing in June and could face a maximum prison sentence of five years for each of to two offences. Click here for more law tips. [...]

By: Who is a Member of a Company?

Who is a Member of a Company? — Sun, 10 Jul 2011 10:32:43 +0000

[...] names of nominees. Contact us for advice on company secretarial and company law matters. For more business law tips, click this [...]