Prest v Petrodel – Divorce court puts a stop to assets being sheltered in private Companies.
Unmasking the Veil of Deceit – Prest –v- Petrodel The highest Court in the land has ordered oil tycoon Mike Prest to transfer to his former wife, Yasmin Prest, properties held by companies owned and controlled by him as part of a £17.5m divorce award. Michael Prest, founder of Nigerian energy company Petrodel Resources, separated from his wife after 15 years. During the divorce he said that Petrodel’s assets did not belong to him but to a family trust and that he was in reality...
Education Law – how we can help when you experience a problem with a school.
Have you struggled to get your child into your preferred choice of school? Has he/she been unfairly excluded, or perhaps you have a dispute with your child’s school and don’t know where to begin? In an age where parents’ are keener than ever for their children to get ahead, competition for school places is tough. Education has become somewhat of a hot topic and is often at the centre of one controversy or another, whether it’s yet another change to the National Curriculum, attitudes...
Changes to minimum wage
The Government has announced that from 1 October 2013 the minimum wage rates will be increased as follows: •For 21 year olds and over – £6.31 an hour •For 18 to 20 year olds – £5.03 an hour •For 16 and 17 year olds who are not apprentices – £3.72 an hour •For apprentices under the age of 19 or in their first year of their apprenticeship – £2.68 an hour Contact Kate Baker or Terry Chetwood for more details
Agreeing Lease Terms- Top Tips
In order for solicitors for a prospective landlord and tenant to be instructed it is necessary for the parties to agree what are called Heads of Terms. There is no such thing as a standard lease. When a client rings me and asks me to either draw up a lease or check one that has been drawn up, the first question I ask is “what have you agreed?” The Heads of Terms are the blue print solicitors use to draw up and agree the lease. Whilst generally they are not binding on the...
What happens if the company you work for goes insolvent?
Employee Rights With the recent collapse of Jessops, Comet, HMV and Blockbuster, employees are finding themselves in a situation where they are having to assess their rights and entitlement. There is a difference between an employer being in liquidation and administration. If your employer is in liquidation, there is no continuing business and you will have no job. Where your employer is in administration, an administrator will be appointed and will be brought in to see if the...
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