Sandi Simons and Melanie Hart consider a recent judgment on commercial agency ‘Principals usually prefer to have the certainty of an indemnity election written into their contracts and many agreements will be drafted in such a way as to ensure this.’ A decision by the High Court in November 2015 has provided welcome clarification for …
Continue reading "Agency: Knit a problem"
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Wills & Trusts Law Reports | December 2011 #115E owned shares in a company involved in the manufacture of paper. E owned 17,131 ordinary shares and 53,476 A shares in the company. A charitable trust owned the majority shareholding in the company and the terms of the trust meant that it was unlikely that the company would ever be floated. The A shares were non-voting. The company’s articles restricted the sale or other transfer of the company shares.
The question at issue was the value of those shares as at 31 March 1982 for the purposes of Capital Gains Tax (CGT). E appealed against assessments in respect of CGT in the ...
Tom Collins looks at the impact of the Commercial Agents (Council Directive) Regulations 1993 ‘Fundamentally, it has to be shown that it is in the commercial interests of the principal to have an agent who will expend his own time, money and skill to develop the market.’The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) …
Continue reading "Contract: Secret agents"
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