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Law for Business

Knowhow - guidance - precedents

23 AUG 2013

Welcome to the summer edition of the Lockton Market update.

2013 continues to be an exciting year with the good will of the 2012 Olympics maintained by continued British sporting triumph plus recent figures pointing to signs of recovery with economic growth, construction at a three year high, insolvency levels continuing to fall and tax payer owned banks RBS and Lloyds delivering improved results.

So if we can look forward with renewed optimism, how should we be planning to capitalise on the opportunities that exist and what steps should be taken to minimise risk. Business Secretary Vince Cable has proposed making fraudulent or negligent directors of UK companies personally liable for the firm's debts as part of an overhaul of company rules. Incidents of litigation following allegations of contractual failures and personal injury continue to rise and be highlighted.

In this issue we will look at the importance of Data to our businesses and how we should plan and prepare to protect this. Scott Brown Assistant Vice President for Lockton Bristol, highlights the recent Jackson reforms and how these affect businesses Karen Brown Vice President of Lockton Bristol highlights the recent decision in Mehjoo v Harben Barker and the potential consequences for businesses and accountants. Finally Robert Johnson Director of Bourlet Consulting highlights the value of individuals to the businesses and proposes solutions to protect the business.

I hope that you find this quarterly update useful.

Chris Lennon Head of Office Bristol

 +44 (0)117 906 5008 chris.lennon@uk.lockton.com

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