Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
In amongst the usual pomp and circumstance of the Queen’s Speech last week, some fundamental changes to our commercial landscape are afoot. One such potential change is proposed under the Enterprise Bill: the Small Business Conciliation Service (‘SBCS’).
The government hopes this service will tackle the ever-increasing problem of late payment without the need for court action.
Late payment is one of the biggest issues confronting small businesses today, who rely on their cash flow to support growth and operations. If a business does not pay a supplier on time this may have a critical, if not fatal, impact on the enterprise.
The powers that be have done their research and will base the proposed SBCS on the already successful model used in Australia: the Australian Small Business Commission. The Australian Commission’s raison d'être is to “avoid expensive court proceedings and maintain business relationships by reaching mutually satisfactory agreements”, mainly via mediation.
As well as the many advantages to small firms in trading with the big boys (financial being one) there are numerous pitfalls, as identified by the new Secretary of State f
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234