TP Insolvency Team Assist Creditors Following Closure of Co-op Stores
The Food Retailer Operations Ltd was formerly part of the Co-op Group and operated over 500 Co-op stores. In October 2015 497 stores were transferred to another Co-op Group company for £497million. The Co-op used £15million to repay a debt to another Co-op Company and paid £446million to itself to reduce its investment in the Company. As a result the Company cannot now pay its creditors and is…
Increase to Statutory Payments
In a Written Ministerial Statement from the Department for Work and Pensions, the government has announced the following proposed increases to statutory benefit payments for from April 2017:
Company not held responsible for an assault on a fellow employee by its Managing Director following the work Christmas party
The Christmas break is now a distant memory for most of us but spare a thought for the employee who went for ‘impromptu’ drinks following the work Christmas party which ended in him being subjected to a violent assault by his Managing Director – Bellman v Northampton Recruitment Limited (2016).
How warnings for misconduct can affect the fairness of subsequent dismissals
The Employment Appeal Tribunal (“EAT”) case of Perrys Motor Sales v Edwards has highlighted the significance of live warnings for misconduct when assessing the fairness of any subsequent dismissal.
Brexit WILL Impact Deals Activity
Turner Parkinson, the Manchester-based business law firm, has said 2016 was its best ever year for deals, but is sounding a note of caution around future North West deal volumes.The firm, which has 71 staff and 16 partners, completed 96 deals last year, with a combined transaction value of £735m (2015: 86 deals worth £590m).Operating from a single office in Manchester, TP’s deal performance offers…