Monthly Archives: October 2023

The options for dividing business assets in divorce

Posted on 31/10/2023 by Caroline Newton

Navigating the divorce process can be challenging at the best of times, but when business assets are involved, it can add an additional layer of complexity. In most cases, business assets are included in the matrimonial pot. That means if you or your spouse own a business or have shares in one when you get divorced, those assets will be accounted for in your financial settlement. So, what are the options when it comes to dividing business assets in divorce? In this guide, we’ll explain the different options available to you and how the process works. Going through a divorce brings with it a great deal of uncertainty and anxiety about the future. Before getting started, it’s important to point out that the court’s objective is to determine the best and fairest settlement for both parties. Whilst you may be … Continue reading →

Posted in Divorce and Separation | Leave a comment

Navigating tough economic times: the crucial role of credit control and clear terms and conditions

Posted on 31/10/2023 by Ben Ironmonger

In the ever-evolving world of business, particularly for SMEs, economic uncertainties pose substantial challenges. To help you steer your business through these trying times, our Hampshire commercial solicitors explore the importance of strengthening your credit control and establishing properly drafted, enforceable terms and conditions. Why Credit Control Matters 1. Sustaining Financial Stability: Mot businesses need a steady cash flow. During economic uncertainties, timely payments from clients are even more vital. Effective credit control practices can keep your financial foundation strong and resilient. 2. Risk Management: In business, risks are inevitable. Proper credit control mitigates the risk of bad debt by assessing potential clients and setting credit limits. This approach not only safeguards your finances but also equips you with the knowledge to make informed decisions. 3. Strengthening Client Relations: Surprisingly, solid credit control can improve client relationships. Clear communication about … Continue reading →

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Women in Business: supporting Lymington Sailability

Posted on 25/10/2023 by Caroline Newton

Our Lymington Women in Business networking group has grown in size and popularity over the last 12 months, and is becoming a much looked forward to monthly event. To celebrate its success, we hosted an afternoon tea with a full spread of sandwiches, scones, Pimms and an endless supply of tea and coffee at the Lymington Town Sailing Club, raising money for Lymington Sailability.   If you’d like to get involved with our monthly events, please reach out to Celia or Emily, who would be delighted to help.    

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New fixed recoverable costs regime: what does it mean?

Posted on 23/10/2023 by Caroline Newton

Fixed Recoverable Costs (FRC) have been a feature of small claims track cases since 1999. However, as of 01 October 2023, FRC will also apply to most civil litigation claims with a value of up to £100,000 allocated to either the fast track or the newly established intermediate track. In this blog, we will explain what fixed recoverable costs are and what the new FRC regime means for claimants and defendants. What are fixed recoverable costs? Fixed Recoverable Costs (FRC) determine how much the winning party in civil litigation cases can claim from the losing party. These costs include solicitors’ fees, court fees, fees for obtaining medical reports, and certain other disbursements. FRC was first introduced for cases allocated to the small claims track in 1999. The aim was to simplify the process and reduce financial risk for litigants by … Continue reading →

Posted in Litigation and Dispute Resolution | Leave a comment