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From time to time we will post news articles and announcements relating to the firm and to various legal issues that may be of interest to you.

Government Publishes Guidance on Late Payment Reporting

The UK Government has published guidance to help large businesses report on how quickly they pay their suppliers.

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Data Protection and Damages

As many people will know, there is a statutory regime in place that regulates how a person’s personal data is collected, used and stored. The central piece of legislation is the Data Protection Act 1998 (“DPA”).  A person’s personal data includes data that relates to a living individual (e.g. not a deceased individual, or a company). Those who have control over the processing of personal data are known as “data controllers”. 

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Fall in Scottish Insolvency Numbers

The latest figures from Scotland’s Accountant in Bankruptcy (AiB) show a slight fall in the number of Scottish businesses becoming insolvent or entering receivership in the third quarter of 2016-17.

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Interest on Court Awards

As is fairly well known, the standard rate of interest that a Pursuer seeks in respect of a claim for money is 8% per annum. This rate is set by legislation: rule 7.7 of the Rules of the Court of Session, and the Sheriff Courts (Scotland) Act 1892 for the Sheriff Court.  These rates are amended from time to time, and have been significantly higher in the past.  For instance, in 1985 the Court of Session’s rate of interest was 15% per annum (Scottish Law Commission, Report 203, footnote 5). 

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Billions Tied Up in Small Business Disputes

Commercial disputes are costing small firms in England and Wales as much as £11.6 billion every year, according to new research from the Federation of Small Businesses (FSB). 

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