New Law Journal – 13 November 2020 Rakesh Kapila explains why profit and cash flow forecasts are important in litigation assignments on which forensic accountants are involved In Brief Relevance of profit and cash flow forecasts in litigation assignments. Types of case in which forecasts are likely to be important. Information on the financial affairs
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New Law Journal – 16 October 2020 George Sim looks at the financial aspects of partners falling out In Brief Types of disputes which may arise. Identifying the issues to address. A Statistical Release issued by the Department for Business, Energy and Industrial Strategy in October 2019 notes that there were approximately 405,000 partnerships in
May 2022 Shareholder dissatisfaction at company performance in the UK often focuses on directors’ responsibilities. The Companies Act 2006 codified certain general duties such as the duty to promote the interests of the company and directors’ obligations have also been refined over the years by case law. Certain legislative provisions affecting directors extend to “shadow
March 2022 Disputes between shareholders in private companies arise for many reasons. Shareholders may feel, for example, that they have insufficient influence over the company’s management. There may be breaches of shareholders’ agreements or shareholder-directors may be forced off the company’s board and their shares acquired under the terms of its Articles of Association. Disputes
September 2021 It is important for defendants to consider the ability of claimant companies to fund litigation in which they are involved. It is useful in these circumstances for a defendant to consider asking the Court to order a claimant to pay funds into Court by way of security for the defendant’s costs, primarily as
May 2021 Businesses may suffer a loss of profits through breach of contract or tort (e.g. negligent installation of machinery), or as a result of events such as floods. In these situations, lawyers may need to obtain advice and possibly an expert report expressing an opinion on the quantum of the losses. Essentially, a loss
New Law journal – 15 May 2020 Rakesh Kapila considers how forensic accountants can play a very useful role as shadow experts in many types of case In Brief Benefits of instructing shadow experts. Examples of work undertaken by forensic accountants as shadow experts. A ‘shadow expert’ advises one of the parties in a case
March 2021 Interest in the use of asset tracing procedures often focuses on actions connected with fraud and other criminal activities. Asset tracing may, however, be of value in a wider range of cases including matrimonial cases and commercial disputes. What is Asset Tracing? An asset tracing exercise follows the trail along which assets have
February 2021 Many businesses have suffered severe disruption during the pandemic although some have benefitted, e.g. those with a strong online offering or those providing essential services. Whilst most businesses hope to recover after the lifting of restrictions, many others will be affected permanently. Business valuations are often needed in connection with various types of