This seminar covered:
- what has changed
- impacts on injury claims
- which claims will be affected
- the impact on insurers and reinsurers
- claims behaviours which may emerge
- the future of the discount rate.
Visit our insurance law hub - https://www.brownejacobson.com/insurance
In this forum we looked at updates in different areas of law including:
- Commercial Law – six changes to contract law that you might have missed over the last six months
- Employment Law – what’s new, what’s changed, your questions answered
- Data Protection - looking at ICO investigations and news, ahead of GDPR coming into force
- Competition Law – what's new, will the post Brexit world be different and the evolving position in relation to online reselling restrictions
- Regulatory Update - in-house lawyers and legal privilege and impact of the new sentencing guidelines for health and safety offences.
Welfare effects of fiscal policy in reforming the pension systemGRAPE
Pension system reforms imply substantial redistribution between cohorts and within cohorts. They also implicitly affect the scope of risk sharing in societies. Linking pensions to individual incomes increases efficiency but reduces the insurance motive implicit in Beveridgean systems. The existing view in the literature argues that the insurance motive dominates the efficiency gains when evaluating the welfare effects. We show that this result is not universal: there exist ways to increase efficiency or compensate the loss of insurance, assuring welfare gains from pension system reform even in economies with uninsurable idiosyncratic income shocks. The fiscal closure, which necessarily accompanies the changes in the pension system, may boost efficiency and/or make up for lower insurance in the pension system. Indeed, fiscal closures inherently interact with the effects of pension system reform, counteracting or reinforcing the original effects. By analyzing a variety of fiscal closures, we reconcile our result with the earlier literature. We also study the political economy context and show that political support is feasible depending on the fiscal closure.
This presentation outlines: When federal employment law applies to aboriginal businesses
- Liabilities on terminating employment
- How employment contracts can reduce them
- Progressive discipline
- Primer on discrimination law
During his presentation 'Pension Freedoms' Sam will consider
Building another business.
How to ensure you are in control of your money.
His message will be that you can take money out of your business without liability to any taxes and pop it into a 'pension wrapper'.
This seminar covered:
- Alternative delivery models: key model structures and procurement considerations
- MCA and DoLS: the latest legal landscape
- Local authority property update
- The Independent Inquiry into child sexual abuse: an update and key learning points
- Sentencing update and how to reduce the level of fine.
Two weeks ago the Patents Court granted declarations that dosage regimens were obvious at the claimed priority dates of certain of AbbVie’s patents and patent applications. This is the first time that a party has been able to get this certainty before a patent has been granted.
We are running a quick-response webinar which will provide an overview of the decision and discuss some of the issues arising from it, including:
• how does this affect your patent strategy?
• why was this declaration granted?
• could these declarations become a common relief?
• and, as Carr J has said that calling them 'Arrow' declarations is potentially misleading, what are we meant to call them?
This claims club is devoted entirely to issues that touch upon the handling of abuse claims – our specialist team will update you on the initiative being run by Master McCloud to introduce a protocol specifically for claims of historical abuse. We will discuss ways in which to secure a recovery direct from the abuser, and also a new limitation initiative to assist you in defending some very old claims.
In this forum we looked at updates in different areas of law including:
- Commercial Law – six changes to contract law that you might have missed over the last six months
- Employment Law – what’s new, what’s changed, your questions answered
- Data Protection - looking at ICO investigations and news, ahead of GDPR coming into force
- Competition Law – what's new, will the post Brexit world be different and the evolving position in relation to online reselling restrictions
- Regulatory Update - in-house lawyers and legal privilege and impact of the new sentencing guidelines for health and safety offences.
Welfare effects of fiscal policy in reforming the pension systemGRAPE
Pension system reforms imply substantial redistribution between cohorts and within cohorts. They also implicitly affect the scope of risk sharing in societies. Linking pensions to individual incomes increases efficiency but reduces the insurance motive implicit in Beveridgean systems. The existing view in the literature argues that the insurance motive dominates the efficiency gains when evaluating the welfare effects. We show that this result is not universal: there exist ways to increase efficiency or compensate the loss of insurance, assuring welfare gains from pension system reform even in economies with uninsurable idiosyncratic income shocks. The fiscal closure, which necessarily accompanies the changes in the pension system, may boost efficiency and/or make up for lower insurance in the pension system. Indeed, fiscal closures inherently interact with the effects of pension system reform, counteracting or reinforcing the original effects. By analyzing a variety of fiscal closures, we reconcile our result with the earlier literature. We also study the political economy context and show that political support is feasible depending on the fiscal closure.
This presentation outlines: When federal employment law applies to aboriginal businesses
- Liabilities on terminating employment
- How employment contracts can reduce them
- Progressive discipline
- Primer on discrimination law
During his presentation 'Pension Freedoms' Sam will consider
Building another business.
How to ensure you are in control of your money.
His message will be that you can take money out of your business without liability to any taxes and pop it into a 'pension wrapper'.
This seminar covered:
- Alternative delivery models: key model structures and procurement considerations
- MCA and DoLS: the latest legal landscape
- Local authority property update
- The Independent Inquiry into child sexual abuse: an update and key learning points
- Sentencing update and how to reduce the level of fine.
Two weeks ago the Patents Court granted declarations that dosage regimens were obvious at the claimed priority dates of certain of AbbVie’s patents and patent applications. This is the first time that a party has been able to get this certainty before a patent has been granted.
We are running a quick-response webinar which will provide an overview of the decision and discuss some of the issues arising from it, including:
• how does this affect your patent strategy?
• why was this declaration granted?
• could these declarations become a common relief?
• and, as Carr J has said that calling them 'Arrow' declarations is potentially misleading, what are we meant to call them?
This claims club is devoted entirely to issues that touch upon the handling of abuse claims – our specialist team will update you on the initiative being run by Master McCloud to introduce a protocol specifically for claims of historical abuse. We will discuss ways in which to secure a recovery direct from the abuser, and also a new limitation initiative to assist you in defending some very old claims.
Social Cost Benefit Analysis: Concept of social cost benefit, significance of SCBA, Approach to SCBA,
UNIDO approach to SCBA, Shadow pricing of resource, the little miracle approach,
Project Implementation: Schedule of project implementation, Project Planning, Project Control, Human
aspects of project management, team building, high performance team.
Discounting of Bills of Exchange
Bills of Exchange
Bills of Exchange Types
Discounting of B/E
B/E
Precautions While Discounting of BIlls
Precautions by Banks
Precautions by NBFCs
Discount rate for the valuation of your company or startupEquidam
Understanding discount rate: definition, formulas, importance for negotiation and useful sources to find the right one for the valuation of your company or startup.
Read more on: https://www.equidam.com/the-discount-rate-in-the-valuation-of-a-startup/
Curious about your discount rate and valuation? Sign up for free at at https://www.equidam.com/
This presentation is about Cash and Trade Discounts. The formulas, examples, and definitions. Hope you like it. This is the thing that I used when I had my teaching demo in Bookkeeping.
ReSAKSS-AfricaLead Workshop on Strengthening Capacity for Strategic Agricultural Policy and Investment Planning and Implementation in Africa Safari Park Hotel, Nairobi, June 25th‐ 26th 2012
Education law conference, March 2017 - Nottingham - Is your recruitment strat...Browne Jacobson LLP
This workshop defined what a recruitment strategy is, what the benefits of having one are, and what it should include, as well as how the changing landscape of education is having an effect.
Understanding the impact of welfare reforms on households in the South EastPolicy in Practice
With the lower Benefit Cap coming in Autumn 2016 and Universal Credit firmly in its implementation phase, knowing what impact welfare reform policies will have on individual households is more critical than ever.
It’s also important to understand the impact of interventions. Targeting support to those households where it will have the greatest impact is crucial as local authorities continue to find ways to deliver more with less.
This Policy in Practice seminar from Wednesday 28 September 2016 showcased pioneering work being done by two London councils, Croydon and Tower Hamlets. Their work combines pre-emptive analysis with proactive programmes that will reach out to households and offer support, before reforms hit them.
Social Cost Benefit Analysis: Concept of social cost benefit, significance of SCBA, Approach to SCBA,
UNIDO approach to SCBA, Shadow pricing of resource, the little miracle approach,
Project Implementation: Schedule of project implementation, Project Planning, Project Control, Human
aspects of project management, team building, high performance team.
Discounting of Bills of Exchange
Bills of Exchange
Bills of Exchange Types
Discounting of B/E
B/E
Precautions While Discounting of BIlls
Precautions by Banks
Precautions by NBFCs
Discount rate for the valuation of your company or startupEquidam
Understanding discount rate: definition, formulas, importance for negotiation and useful sources to find the right one for the valuation of your company or startup.
Read more on: https://www.equidam.com/the-discount-rate-in-the-valuation-of-a-startup/
Curious about your discount rate and valuation? Sign up for free at at https://www.equidam.com/
This presentation is about Cash and Trade Discounts. The formulas, examples, and definitions. Hope you like it. This is the thing that I used when I had my teaching demo in Bookkeeping.
ReSAKSS-AfricaLead Workshop on Strengthening Capacity for Strategic Agricultural Policy and Investment Planning and Implementation in Africa Safari Park Hotel, Nairobi, June 25th‐ 26th 2012
Education law conference, March 2017 - Nottingham - Is your recruitment strat...Browne Jacobson LLP
This workshop defined what a recruitment strategy is, what the benefits of having one are, and what it should include, as well as how the changing landscape of education is having an effect.
Understanding the impact of welfare reforms on households in the South EastPolicy in Practice
With the lower Benefit Cap coming in Autumn 2016 and Universal Credit firmly in its implementation phase, knowing what impact welfare reform policies will have on individual households is more critical than ever.
It’s also important to understand the impact of interventions. Targeting support to those households where it will have the greatest impact is crucial as local authorities continue to find ways to deliver more with less.
This Policy in Practice seminar from Wednesday 28 September 2016 showcased pioneering work being done by two London councils, Croydon and Tower Hamlets. Their work combines pre-emptive analysis with proactive programmes that will reach out to households and offer support, before reforms hit them.
netwealth 2015 Federal Budget webinar presentationnetwealthInvest
This presentation provides a summary of information announced in the 2015-16 Federal Budget which may be of interest to financial advisers and their clients.
Key topics covered in this presentation are:
- Small business
- Taxation
- Superannuation
- Social Security and Aged Care
- Other
Please note that many of these announcements are yet to be legislated, and care should be taken before implementing a financial strategy based on Budget announcements alone.
This revision presentation explains the role of interest rates and how they affect both the cost of business finance and the wider impact on business demand.
A Presentation from a panel of experts including a Chartered Tax Adviser, a Chartered Wealth Manager, an Estate Planning Solicitor and our special celebrity guest speaker, BBC financial pundit and Co-Founder of Seven Investment Management, Justin Urquhart-Stewart. This event took place in Plympton on 11th October 2017
IRRV2015 - Progress on Welfare Reform by Deven GhelaniPolicy in Practice
The IRRV Annual Conference 2015 featured this presentation by Deven Ghelani about Progress on Welfare Reform.
Understanding the impact of cumulative and future welfare reforms on individual residents was at the heart of Deven's talk.
Stark insights from welfare reform impact analysis work done with Leeds City Council and Birmingham City Council were shared.
Deven outlined how specific welfare reforms have different impacts and what these mean to individual residents.
Policy makers in local authorities need to make sure that their policies are appropriate to local needs. Yet, without the insights that councils like Leeds and Birmingham have secured, the risk is that support programmes are blanket and wasteful, not targeted and effective.
Webinar: Council tax support Models that Members can sign up toPolicy in Practice
Listen back to hear Policy in Practice in conversation with Allan Clark, Barnet Council, to learn how they're changing their council tax support scheme for Universal Credit.
We cover how Policy in Practice's comprehensive impact modelling provided the data that Barnet Council's Members needed to agree amended schemes with confidence.
Listen back to learn:
- How LAs’ CTS schemes have evolved since they were first introduced
- What factors Barnet modelled, and why
- What schemes Barnet considered, rejected and implemented
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
Lessons learned: our year modelling Council Tax Reduction SchemesPolicy in Practice
In this webinar Policy in Practice gave a review of the 150 or so council tax reduction (CTR) support schemes we modelled for local authority clients in 2019. Zoe Charlesworth, Head of Policy, and Megan Mclean, Policy and Operations Analyst, recapped on highlights from our analysis, discussed trends we've identified and considered what this means for local authorities in 2020.
For more information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
What Does Health Care Reform Mean for You? G&A Partners
Damon Thompson of G& A Partners examines the Patient Protection and Affordable Care Act (PPACA) that was signed into law on March 23, 2010.
G&A Partners is a comprehensive human resource outsourcing provider.
For more great HR webinars and training visit www.gnapartners.com.
On October 5, 2017, NWM hosted a group of over 500 people at the Fairmont Hotel Vancouver to discuss the Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
Webinar: How to future proof your Council Tax Reduction Scheme for Universal ...Policy in Practice
As Universal Credit is implemented, it's crunch time for local authorities. Now is the time to make bold changes to council tax support schemes so the most vulnerable people are protected from poverty, whatever Universal Credit means for them. Yet knowing who those people are is a huge challenge.
Policy in Practice has worked with 22 councils to model options for Council Tax Reduction Schemes, taking into account the impact of Universal Credit on households. These detailed, evidence based assessments are used by officers and members to make informed policy decisions, as well as hold consultations with stakeholders.
View these slides to learn:
- how to model the impact of Universal Credit in your CTR scheme
- what common scheme options other councils consider
- how local priorities can be supported within budget
- why it's important to change your CTR scheme in the lead up to Universal Credit roll out
For more information please contact hello@policyinpractice.co.uk or call 0330 088 9242
The Election is over. Health care Reform is here to stay, and Colorado is also moving forward on a number of health care issues independently of the federal government. Conversely, employers in the state have to make huge employee benefit decisions based on changing and sometimes limited information.
2020 Netwealth Roadshow - Next super steps with Keat Chew, Netwealth Head of ...netwealthInvest
With more than three decades of super asset growth behind us, Netwealth's Head of Technical Services, Keat Chew, presented four strategies that can be used to elevate superannuation advice in 2020 and beyond.
The Impact of the Tax Cuts & Jobs Act on High Tax Bracket Individuals - Show ...gppcpa
Objective: To quantify the effects of the Tax Cuts & Jobs Act for taxpayers in the highest individual tax bracket; to quantify the effects of the increase in the lifetime estate and gift tax exemption for taxpayers at all levels of wealth; and to identify the challenges and opportunities available for taxpayers as a result of these changes.
Canadian Tax Insights: How High Net Worth Investors Should Navigate Today’s T...Nicola Wealth
In this webinar, Nicola Wealth CEO, John Nicola will address timely taxation topics to help you understand the developments in Canadian tax policy in relation to the taxation of homes, wealth, capital gains, and marginal tax rates. John will further prepare you to navigate the current tax environment by reviewing several tax planning options available to you and how these strategies integrate with overall portfolio design.
Employment law update - Browne Jacobson Exeter - 06 February 2020Browne Jacobson LLP
These seminars are aimed at anyone who deals with employment law on a day to day basis, including HR Managers and HR Directors.
At these events we will present an overview of what we consider to be the most significant developments in 2019, and what they teach us about managing your workforce – together with our practical tips.
You will also hear about what is coming up in 2020, and how you can get ready for what will be another busy year in employment law.
Earlier this year Edward Timpson’s review on school exclusions raised the profile of the practice of exclusions, managed moves and alternative provision. Head teachers and governors are now under increasing scrutiny to conduct the end-to-end process in a fair and consistent manner (and in line with the statutory guidance) to ensure that the best possible outcome for the school, its staff, its pupils and the parents is achieved.
In this webinar, Senior Associate Hayley O’Sullivan, explores the current exclusions landscape, looks at prospective changes to policy and practice and share examples of best practice to help you avoid common pit-falls when it comes to managing exclusions.
Hayley also provides an overview to the existing statutory guidance, proposed developments in relation to managed moves and alternative provision and share her thoughts on the anticipated changes in regulation as a result of the review.
Local authority acquisition and disposal of land - July 2019Browne Jacobson LLP
Ongoing austerity requires authorities to “sweat their assets” and land holdings are a significant focus for the generation of revenue and capital. These slides cover commercial and public law considerations in relation to:
- Powers to acquire land
- Powers to invest through land acquisition including investment purchases
- Potential barriers to disposal
- Powers to appropriate land
- Planning permission
- Powers to dispose of land
- Pre-conditions relating to disposal of land
- A capital receipt or a revenue stream
- Development vehicles and options
- Who do you need to be able to satisfy as to the legality of land transactions
Your employees, their future employers, and your intellectual property - July...Browne Jacobson LLP
Innovation and creativity is driven by your people. How do you as a business encourage innovation, capture the relevant IP assets and reward your innovators? What happens when a key individual leaves the business – how do you ensure that your R&D crown jewels remain legitimately protected? In a market of ever increasing competitive collaboration, setting up the right strategy to ensure the appropriate safeguards are in place and are communicated to your employees is important.
At this Public Sector Planning Club we reviewed:
- Recent developments in planning law, including cases and guidance
- Consideration of the use of planning conditions, including the appropriate use of pre-commencement conditions
- The powers available for stopping up and diverting highways, when these may be used, and points to consider
Browne Jacobson, Deloitte and DoctorLink are pleased to invite you to our first joint health tech seminar with leading industry thought leaders. This will be a practical session, sharing experience from across the NHS and beyond to inform options on how to improve services, break down silos and focus on population health outcomes.
This event is exclusively for Commissioners, GPs, and Policymakers keen to understand how new integrated care systems and models of care can meet the needs of their local population and can be implemented pragmatically and affordably to drive improvement goals and achieve better health, better care and better value.
Education Law Conference Manchester - Monday 10 June 2019Browne Jacobson LLP
Designed to inform, challenge and enliven your perspectives, our packed agenda was designed to provide innovative ideas and fresh perspectives. With a headline session on the management of transgender children needs within a school setting, we aim to provide you with the advice and guidance that the sector currently lacks.
Other topics included:
learning from child death inquests
good governance – so much more than compliance
managing difficult parents and their complaints.
Designed to inform, challenge and enliven your perspectives, our packed agenda was designed to provide innovative ideas and fresh perspectives. With a headline session on the management of transgender children needs within a school setting, we aim to provide you with the advice and guidance that the sector currently lacks.
Other topics included:
learning from child death inquests
good governance – so much more than compliance
managing difficult parents and their complaints.
The IICSA has a number of investigative streams, and one of its areas of focus is Accountability and Reparations. It has already recommended that the Government sets up a Payment Scheme for former Child Migrants, and the Government has acted upon it.
Is a redress scheme the way forward for abuse claims? How might it impact your organisation? We are helping more and more organisations explore the pros and cons of redress schemes so that they can decide whether a scheme is right for them and what the longer term impacts might be.
Our Birmingham Claims Club event will cover the following:
- Civil Liability Act 2018
- Freedom of Information Act requests - including 'Information Law, why is it relevant?'
- Brexit and local government
Our London Claims Club event will cover the following:
- Civil Liability Act 2018
- Freedom of Information Act requests - including 'Information Law, why is it relevant?'
- Brexit and local government
Our Admin and Public Law seminar, chaired by Sir Robert Devereux, former Permanent Secretary for the Department for Work and Pensions was held on Thursday 4 April, covering the following topics:
- 'wearing two hats' - managing the legal risks of conflicts of interest and allegations of pre-determination/bias
- information law update session - freedom of information (FOI) cases, General Data Protection Regulation (GDPR)
- case law update
- judicial review - tactics for dealing with judicial review and case law
In this webinar recording, Selina Hinchliffe, Alex Kynoch, Nick Smee and Helen Jones hold a panel discussion covering some of the key state aid concepts and how this impacts ownership and licensing of intellectual property, both from a commercial partner, public body and university perspective.
Whilst you’ve been distracted with Brexit and what that means for your business, you’ve probably missed some significant changes in the law. In our March forum we covered:
- contract changes (what they mean to your supply chain, customers and suppliers)
- data protection (the challenges of becoming a 'third country')
- legal privilege and internal investigations (practical tips following SFO V ENRC)
- employment law (changes to employment law you need to be aware of)
- banking - your banking covenants (what to be aware of - particularly in the event of a downturn ahead)
- property (end of lease issues for business owners).
For further training and resources visit our webpage - https://www.brownejacobson.com/sectors-and-services/sectors/in-house-legal
Every business, and every in house lawyer, will at some point be involved with an enquiry, an investigation, or potential litigation. During litigation, documents – including emails, attendance notes and reports – which are relevant to the litigation may have to be disclosed if they are not privileged.
So businesses need to know how it can assess litigation risk or conduct an enquiry without creating documents that it then has to produce and which may be detrimental to its position. The law on this issue has recently been considered by the Court of Appeal in two key cases: WH Holding Ltd v E20 Stadium LLP and SFO v Eurasian Natural Resources Corp Ltd.
In this webinar recording, our experts Mark Daniels and Helen Simm provide you with the key information you need to identify these issues when they arise and to know how you can best protect your position.
We are all waiting with bated breath for the Supreme Court decision in CN & GN, a case which will have a huge practical impact on service providers. Previously the Court of Appeal was dismayed about the damages claims, that had been litigated with little regard to, or understanding of, the law and reality of social care practice. Some of the team involved in the case discus what might happen next, and analyse the practical effect for you of the Supreme Court judgment.
Whilst that judgment has been awaited many claims have been on ice, but to fill that gap we are seeing many of our clients being affected by:
- pressure to consider Redress Schemes
- the Independent Inquiry into Child Sexual Abuse
- claims being brought directly against them as fostering agencies
- claims under the Human Rights Act
- issues following the implementation of GDPR.
For further information and training visit our webpage - https://www.brownejacobson.com/insurance
In this practical session we explored the legal duties of directors and the difficulties which they may face. The session focussed on individuals who are directors for public sector companies, including their role, obligations and competing interests which may arise.
At our February planning club we covered the following topics:
- planning performance agreements
- expert evidence in planning inquiries
- certificates of lawful use.
For further information and training visit our webpage - https://www.brownejacobson.com/sectors-and-services/sectors/public-sector
Mental health, capacity and deprivation of liberty case law update, February ...Browne Jacobson LLP
Rebecca Fitzpatrick looks at some of the most recent leading cases in relation to the Mental Health Act and Deprivation of Liberty, including the Supreme Court’s important decisions of 'MM' and 'PJ' which consider the interaction between the Mental Health Act and deprivation of liberty in the community. Rebecca also covered the subsequent case of 'AB' which focuses on the role of the High Court’s inherent jurisdiction in these types of cases, and the recent final report from the Mental Health Act independent review chaired by Professor Sir Simon Wessely.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
DNA Testing in Civil and Criminal Matters.pptxpatrons legal
Get insights into DNA testing and its application in civil and criminal matters. Find out how it contributes to fair and accurate legal proceedings. For more information: https://www.patronslegal.com/criminal-litigation.html
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
ASHWINI KUMAR UPADHYAY v/s Union of India.pptxshweeta209
transfer of the P.I.L filed by lawyer Ashwini Kumar Upadhyay in Delhi High Court to Supreme Court.
on the issue of UNIFORM MARRIAGE AGE of men and women.
PRECEDENT AS A SOURCE OF LAW (SAIF JAVED).pptxOmGod1
Precedent, or stare decisis, is a cornerstone of common law systems where past judicial decisions guide future cases, ensuring consistency and predictability in the legal system. Binding precedents from higher courts must be followed by lower courts, while persuasive precedents may influence but are not obligatory. This principle promotes fairness and efficiency, allowing for the evolution of the law as higher courts can overrule outdated decisions. Despite criticisms of rigidity and complexity, precedent ensures similar cases are treated alike, balancing stability with flexibility in judicial decision-making.
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
2. Learning Objectives
• What has changed
• Impacts on injury claims.
• Which claims will be affected.
• Impacts of the change
• Claims behaviours which may emerge
• The future of the discount rate
3. Present capital value
• £100,000 care per annum for 10 years.
• How much should the claimant get to cover this?
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
1000000
1 2 3 4 5 6 7 8 9 10 11
4. The discount rate
• “the court shall…take into account such rate of
return … as may …be prescribed by…the Lord
Chancellor” (Damages Act 1996)
• Wells v Wells 1999
– principle of full compensation
– Index Linked Government Stocks (‘ILGS’) yields
• Set at 2.5% in 2001 by Lord Chancellor
5. The New Rate
• The Damages (Personal Injury) Order 2017
• Rate of minus 0.75%
• Effective from 20 March 2017
6. What losses are affected?
Unaffected Affected
General Damages
All Past losses
Immediate future loss (eg treatment)
CRU liabilities
Future care
Future earnings
Deferred payments ( eg treatment)
Pension losses
Cost of an alternative home
Dependency claims following fatal
accidents.
Lump sum awards (eg handicap on
the labour market)
Litigation costs
7. Claims that will not be affected
• Claims not relating to injury or fatal accidents
• Claims involving only injury and/or past losses
• In general, little impact on claims reserved under
£100,000.
• Most liability claims will not be affected
8. Impact: example
• Female, £250,000 care pa for life:
2.5% Minus 0.75% Change
Age 30 £7.7 million £19.2 million + 150%
Age 50 £6.0 million £11.4 million + 90%
Age 70 £3.7 million £5.4 million + 46%
9. Ongoing losses
• Care, earnings, case management, deputy,
therapy, transport, dependency.
• For example, a 30 year old female:
Discount Rate 2.5% Minus 0.75% % change
Care/CM £250k
pa
£7.7 million £19.2 million + 150%
Earnings £30k pa £0.6 million £1.1 million + 83%
10. Deferred losses
• Future surgery, pension, deterioration leading to
care or loss of job.
• A hip injury will lead to replacement surgery in 20
years with a £20,000 loss:
Discount Rate 2.5% Minus 0.75% % change
Total £12,200 £23,200 + 90%
11. Accommodation
• The rate change calls the current approach
(Roberts v Johnstone) into question.
• Theoretical and practical issues to be addressed.
• Anecdotally settlements are occurring with no sum
for accommodation
12. Impact on a claims portfolio
£-
£5,000,000.00
£10,000,000.00
£15,000,000.00
£20,000,000.00
£25,000,000.00
£30,000,000.00
£35,000,000.00
Value pre rate change
at 2.5%
at minus 0.75%
13. Impact on a claims portfolio
£-
£5,000,000.00
£10,000,000.00
£15,000,000.00
£20,000,000.00
£25,000,000.00
£30,000,000.00
£35,000,000.00
Value pre rate change
at 2.5%
at minus 0.75%
14. Impact on a claims portfolio
£-
£5,000,000.00
£10,000,000.00
£15,000,000.00
£20,000,000.00
£25,000,000.00
£30,000,000.00
£35,000,000.00
Value pre rate change
at 2.5%
at minus 0.75%
16. Immediate steps in claims
• Re-pleading and re-reserving
• Escalation and check limits of indemnity
• Review and revise offers
17. Claim behaviours
• Dependant on trial date – possible further change
• Consider settlement strategy (now or later)
• Increased scrutiny on long term prospects – life
expectancy and timing/quantum of deferred loss
• Impacts assessment of periodical payments
18. Further reform
• Statement to the Stock Exchange promised a
further consultation on methodology prior to Easter
• Hammond acknowledged the need to balance
claimant and consumer interests
• Politically the expectation is for an increase.