Going on holiday? Lovely. When? Where? For how long? Oooh, was that on some kind of deal? …and so it goes with regards holiday small talk. Until you and your colleague(s) realise there’s only so far you can take it for a trip to Wales in winter. To stay with the in-laws. Comparatively exotic for some I’m sure, it nevertheless isn’t the stereotypical jet-setting jaunt you’d sworn you would do next year amidst the recriminations of the previous visit.
As 2015 dawns, if you are thinking of selling your business this year, what are some of the things you need to know? What are the issues that we are currently seeing affecting transactions and how do you avoid those issues?
Progress towards implementation of the £1.13 billion Glasgow and Clyde Valley City Deal seems to be gaining momentum this week with the appearance, on the Public Contracts Scotland website, of an advert by Renfrewshire Council, one of the participating local authorities* for services connected with the Glasgow Airport Investment Area project – Lead Consultancy (Multi Disciplinary Services, Roads & Bridges).
The Department for Business, Innovation and Skills (BIS) has published updated guidance on calculating the national minimum wage (NMW). The guidance is intended to assist employers comply with their obligation to pay employees the NMW where applicable. The guidance now includes a new section on the family member exemption and the guidance has been updated regarding the position for those required to sleep between duties.
Pensions have been in the news again this week, following the replacement of the UK’s longest serving Pensions Minister, Steve Webb, with the equally respected pensions campaigner and industry expert, Ros Altmann. Altmann’s appointment has been welcomed by the industry, and she has already made some encouraging remarks about carrying on Webb’s good work in ensuring that there are good quality workplace pension schemes available throughout the UK.
The Inner House of the Court of Session has upheld a decision of the court of first instance on the interpretation of sections 6 and 9 of the Prescription and Limitation (Scotland) Act 1973 and, in particular, the meaning of the expression “relevant claim” in an action for damages against Shetland Islands Council (SIC) by the operators of Shetland Airport, Highland and Islands Airports Limited (HIAL).
The Fitness to Practise Panel of the Medical Practitioners Tribunal Service (MPTS) handed down a judgment resulting in the medico-legal practitioner Mr Titus Odendun being erased from the Medical Register. This case is of particular interest since, following his retirement, Mr Odendun had taken up a career as an expert witness, acting predominantly in personal injury cases. The problem is that Mr Odendun had embellished some of his qualifications and credentials when acting as an expert witness. A legal firm specialising in insurance litigation south of the border carried out an investigation into Mr Odendun’s qualifications and passed the evidence to the General Medical Council which brought the case to the MPTS.
Once the owners of a business have overcome the obstacles that lie in their way to the exit door, what is actually involved in going through that door?