One of the most disruptive court decisions for the Scottish construction sector in recent times was the controversial Court of Session decision in Midlothian Council v. Raeburn Drilling and Geotechnical Ltd which deals with the prescription of latent defects claims. Midlothian was questioned judicially in a recent Glasgow Sheriff Court decision with some positive news for those looking to raise such claims.
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The Corporate Insolvency and Governance Act 2020 which received Royal Assent on 25 June 2020 contains far-reaching permanent reforms of UK insolvency law as well as temporary measures introduced as a result of the Covid-19 pandemic.
It's a common misconception that cohabiting couples have similar rights to married couples on death. Although there are some rights in place for a cohabitant in Scotland, their succession rights are in fact very limited. A cohabitant's claim can only be brought on intestacy (where there is no Will) and it must be within six months of death.
The Scottish Government has announced that high growth companies are to receive part of £230m reallocated from underspent scheme. The high growth potential businesses will receive £51m in further business support, on top of the various grants and schemes that have already been made available in response to COVID-19.
Where a company owns significant assets, such as property, cash, etc., these assets could be at risk should the company encounter financial issues. In advance of such issues arising, many companies guard against the risk of losing assets by adopting asset protection strategies.