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GLOSSARY
A partnership between a local authority and the local business community to develop projects and services that will benefit the trading environment within the boundary of a clearly defined commercial area, paid for through an additional charge on their business rates.
PRACTICE NOTES
ARCHIVED: This Practice Note was archived and is not maintained. The conflict in Ukraine and actions taken by and against Russia have wreaked havoc on global business operations, causing supply chain disruptions, interruptions in operations and the loss of assets located abroad. International retailers, manufacturers, service providers and technology companies have curtailed, discontinued or are in the process of discontinuing operations in Russia. Losses reportedly exceed US$59bn. Russian entities that leased aircraft from international companies have failed to return the aircraft after lease terminations. Disruptions in the supply of strategic metals, including neon used in microchip manufacturing, which is produced in Russia and refined in Ukraine, have caused losses to business partners across the supply chain. Loss of agricultural outputs from Ukraine combined with the loss of agricultural inputs from Russia—such as potash—has put pressure on global grain supplies and is likely to impact agricultural products. Ukraine is planning a vast reconstruction effort to include investments in infrastructure, security, residential housing, and commercial and industrial rebuilding projects, as well as diversified
NEWS
Arbitration analysis: The Court of Appeal in Bath Racecourse Company Ltd and others v Liberty Mutual Insurance Europe SE and others upheld the Commercial Court’s interpretation of composite business interruption policies, confirming that each insured benefits from a separate indemnity limit. It also confirmed that furlough payments under the CJRS must be deducted as savings. This decision has wide implications for coronavirus (COVID-19) BI claims, and permission has been granted to the Supreme Court (UKSC/2025/0068) on the furlough deduction issue, which may impact the outcome of thousands of claims. Written by Tatiana Minaeva, independent counsel and Arbitrator.
NEWS
The Deputy Prime Minister, Business Secretary, business leaders and trade unions held their first meeting on 14 August 2024 to discuss the government's Plan to Make Work Pay. The government has again confirmed that the Employment Rights Bill, which will play a key role in delivering the Labour government’s Make Work Pay pledges, will be introduced within 100 days of entering government.
GLOSSARY
Business liability is liability that arises either from things done or to be done in the course of a business, or the occupation of premises used for business purposes of the occupier. Clauses that seek to exclude or restrict business liability are subject to controls under the Unfair Contract Terms Act 1977.
GLOSSARY
In the context of the UKCG Code, an explanation by the directors (in the annual report) of the basis on which the company generates or preserves value over the longer term and the strategy for delivering the objectives of the company.
GLOSSARY
A company may carry on business under a name other than its registered name. A business name does not require registration at Companies House pursuant to the CA 2006. However business names are subject to a number of rules and offences which are similar to those that apply to registered company names (CA 2006, ss 1192–1199). For further information see Company names and business names.
NEWS
Law360: A pub landlord and seven other business owners have failed to prove that a case of coronavirus (COVID-19) occurred at each of their premises and caused its closure, therefore justifying insurance cover, Liberty Mutual Insurance Europe SE has said.
GLOSSARY
A business plan is now strongly encouraged by the Pensions Regulator; it usually sets out the objectives of the scheme in areas such as administration, investment, funding and communication, and is intended to focus the trustees' minds on making decisions which best serve their members.
PRECEDENTS
1 General Date of meeting [Insert date] Persons in attendance (name(s) and role(s)) [Insert name(s) and role(s)] 2 Review of the business plan Review of the legal form and activities of the firm [State your conclusions on whether the business plan accurately reflects the legal form of your firm and the activities you undertake. If not, state any action points including details of the required outcome, the person responsible for taking those actions and timetable/deadline in section 3.] Check details of key people and professional advisors identified in the plan are current [Confirm details are current. If details are out of date, state any action points including details of the required outcome, the person responsible for taking those actions and timetable/deadline in 3.] Review of client groups to be served, including how we will provide our services—have any changes
GLOSSARY
A trader’s ‘business premises’ means any: • immovable retail premises where the activity of the trader is carried out on a permanent basis, or • movable retail premises where the activity of the trader is carried out on a usual basis