Valuing commercial property is an inexact science and expert opinions can diverge dramatically. That was certainly so in one case in which the owner of a bulk liquid storage depot succeeded in establishing that it had for more than a…
The wording of even widely used insurance policies is often not as neat and elegant as it should be and that is why judges are so frequently called upon to resolve issues of interpretation. One example concerned a medical company's…
Memory sticks can fit in any pocket and provide an easy means for disloyal workers to lift their employer's confidential information with a view to setting up on their own. Exactly that happened in one case in which two recruitment…
If you are owed a debt for work done, any delay in seeking legal advice could result in you being left empty handed. In one case on point, an architectural practice that claimed to be owed almost £25,000 for its…
New regulations on commercial leases other than those for office premises (leases for 'liberal activities') and leases for less than one year came in on 1 March 2018 in Luxembourg following adoption by the EU Chamber of Deputies. The principal…
When should a damaged vessel be considered a constructive total loss (CTL)? And how should ship owners go about giving notice of abandonment (NOA)? In a ruling of particular interest to marine insurers, the Court of Appeal considered both those…
The insolvency of one of the companies within a contractual chain can cause major difficulties for all concerned. However, as one High Court case showed, professional drafting of agreements can provide invaluable protection against such risks. A large contractor had…
One of the primary purposes of insurance is to give peace of mind, but those who do not read the small print can find that the cover that they have paid for is illusory. Exactly that happened in one case…
When companies hit financial trouble and are at risk of insolvency, directors owe a legal duty to consider the interests of creditors. In one case where that signally did not happen, two directors who credited their loan accounts with large…
As any lawyer will tell you, the consequences of lying under oath in court can be very serious indeed. In one case, an accountant who forged his dead mother’s will in an attempt to get his hands on her stake…
