New law: Businesses supplying large companies prepare to negotiate new green contract obligations

Suppliers to large and/or Stock Exchange companies are assessing the extent to which these customers may soon require them to demonstrate their green credentials, including by agreeing to new, climate-related obligations in their supply contracts.

New law: Suppliers must continue to supply insolvent customers even if the customer has failed to pay them for goods or services already supplied

Suppliers need to diligently monitor their customers, and their contracts with them, for signs of looming insolvency, so the supplier can act before they lose the right to do so under new laws which take away suppliers’ rights in commercial contracts to terminate a contract for non-payment if a customer is insolvent.

New guidance: Government guidance urges businesses to take account of COVID-19 when considering their contractual rights and obligations

The new guidance ‘Guidance on responsible contractual behaviour in the performance and enforcement of contracts impacted by the Covid-19 emergency’ strongly encourages parties to contracts that are materially affected by COVID-19 to ‘act responsibly and fairly in the national interest in performing and enforcing their contracts’ by following its recommendations.

Contract

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A chapter on contracts in this time-saving reference guide for accountants who are faced with an unfamiliar legal problem or query. The chapter provides detailed advice on contract law, as well as digests of relevant cases.

Wrongful dismissal

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A chapter on wrongful dismissal in this time-saving reference guide for accountants who are faced with an unfamiliar legal problem or query. Topics covered include insufficient notice, fixed-term contracts, breach of contractual procedures, remedies, valuing wrongful dismissal claims, settling wrongful dismissal claims out of court, the overlap with unfair dismissal, tribunal cap on damages and loss of chance claims.

Directors: specific duties

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eBook chapter addressing the legal specific duties of company directors and their liabilities under the Companies Act 2006. Topics covered include declaration of interest, substantial property transactions, loans to directors, credit transactions and payment for loss of office. A checklist for approving directors’ long-term service contracts is provided.