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This article has been provided by Alan Burcombe, Senior Partner at Wells Burcombe Solicitors – www.wellsburcombe.co.uk
The provisions applicable following conviction, and indeed before conviction, such as restraint orders, under the Proceeds of Crime Act 2002 (“the Act”) are well known to be extremely restrictive and harsh in nature. Whilst their effect is designed to deprive a person of the sum they have benefited by from their criminal conduct, such is the nature of the provisions and assumptions which can be made under the …
The National Fraud Authority publishes its Annual Fraud Indicator each year.
In the latest version it estimates that fraud cost the UK economy £73 billion.
This is broken down as £45.5 billion in the private sector, £20.3 billion in the public sector, £6.1 billion to individuals and £1.1 billion in the not-for-profit sector.
Yet small and medium sized businesses continue to ignore the risk of fraud and brush it under the carpet.
In the current economic climate, can businesses really afford to continue to …
To help your company assess its risk of fraud, Inquesta has developed a FREE Fraud Health Check.
To complete the Fraud Health Check, go to www.inquesta.co.uk/go/fraud
An interest rate swap enables the banks to exchange fixed rate interest for variable rate interest over a set period of time. A company typically uses interest rate swaps to limit or manage its exposure to fluctuations in interest rates.
In essence, from around 2005 banks offered interest rate swaps to operate along side a business’s existing variable rate loan.
They were sometimes sold on the basis that it would limit the business’s risk of interest rate swaps rising and in many …
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