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Where are we now on ‘no-fault’ divorce?

Couples hands with divorce agreement on the table

Family Law The campaign for ‘no-fault’ divorce was a lengthy one in which family justice professionals pioneered for change in draconian laws surrounding divorce. Below we explore some of the most frequently asked questions: I am getting divorced now. What is the law as it stands? The law as it stands means that unless a…

Crown preference – The impact on insolvencies and business rescue

HM Revenue & Customs Letter with money on top

Unfortunately we’re not talking Netflix recommendations here, although some may say that would make for a much more interesting article… Crown preference relates to how business debts are treated on insolvency, which has implications for business rescue at most (if not all) levels of the market, from struggling businesses to lenders. As of 1st December…

What is Business Property Relief?

Lady and man working at a desk

Different priorities can make it challenging for business owners to commit to succession planning but taking advice at an early stage can improve the chances of securing Business Property Relief and avoid the need for a profitable business to be sold or broken up to meet a future inheritance tax charge. There is often a…

Pension schemes can free up cash for business

Buisness Team meeting

Companies with cash-flow problems, particularly during COVID-19, could be sitting on alternative means of obtaining vital funds. Businesses with their own premises can consider selling the property to their regulated pension schemes to generate additional cash and investment. Stewart Coles, an Associate Director in the Commercial Property department at Thursfields said: “Certain regulated pension schemes…

Court ruling shows how incorrect charity names can lead to missed funding

KATHERINE ELLIS colour

The importance of clearly stated charity names and maintaining close relationships with supporters have been underlined by a new court ruling. A charity law expert at Thursfields Solicitors was commenting after a High Court judgment on the interpretation of legacy gifts to mis-described charities in the £1.2m will of Barrie Williams. The retired professional racing…

Free employment law consultation

business meeting teamwork at meeting table

The COVID-19 pandemic has had a huge impact on business, both financially and from a “human” perspective.  While some businesses have thrived, many have already fallen victim to the virus and have closed down.  In order to survive, a huge number of companies have taken advantage of the Government’s Job Retention Scheme and placed employees…

Commitment to paying a real living wage celebrated by Thursfields

We are a living Wage employer logo

Thursfields Solicitors has started 2021 positively by winning accreditation as a living wage employer. The commitment will mean that everyone working directly or indirectly for the leading Midlands law firm will receive a minimum hourly wage of £9.30. This hourly rate is significantly higher than the government minimum for over 25s, which currently stands at…

FCA Insurance Policy “Test Case”

Daniel Tetsell Colour photo

As a result of the first national lockdown – imposed in March 2020 – in order to mitigate the spread of COVID-19, many small and medium-sized businesses have seen a significant level of financial loss. This saw an increase in claims for those losses under business interruption insurance policies (“BIIP”). There quickly became widespread concern…

Chance for five local charities to benefit from chosen status at Thursfields

NICK OHARA LARGE

Five local charities are to receive focused fundraising, awareness and volunteer support from Thursfields Solicitors for the 2021-22 year. The new charity of the year application window has now opened, and entries will be accepted for consideration until 20 March. The successful charities will then become Thursfields’ chosen charities from 1 May to 30 April…

Consider carefully before punishing workers for refusing the COVID-19 jab

James Monk - Colour

Employers should give careful consideration before taking disciplinary action or even sacking workers who refuse COVID-19 vaccinations. The advice from an employment expert James Monk, an associate director in the Employment department at Thursfields, came after a national debate over whether employers can or should be able to insist that their staff are inoculated. James…

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