Financing

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Investment management, succession planning, philanthropy: the diverse functions of the family office

Wealth is increasing exponentially among some of the world’s richest families, to the extent that, for many of these families, it makes commercial sense to have their own bespoke family office which looks after key operations and functions of the family. These services might include investment management, property management, day to day accounting and payroll […]

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By Oliver Passmore, Alex Horsbrugh-Porter Patisserie Valerie Patisserie Valerie entered into administration at the start of this year following the discovery of fraud within the company. It is thought that inflated profit margins and sale figures and thousands of false entries in the company’s ledgers caused the company’s accounts to be overstated by approximately £94m. […]

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Finance

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Debate first, ballot later

Neil Addison argues the Bar Council should have gone straight to a ballot of the membership on the complaints issue. That would not have been the right thing to do because issues need airing in an open meeting before people should be asked to vote. In addition a section of the Bar wanted an extraordinary […]

Litigation Disciplinary Tribunals 05/09/95

JACK GEORGE TRUST-HAM, 64, admitted 1969 and CHRISTOPHER JOHN GREY, 50, admitted 1971, practising at material time as Wigram & Co, London W1, fined £3,500 each and ordered to pay £4,224 costs. Allegations substantiated they wrongly drew client money, failed to pay client money into client account and failed to comply with terms of professional […]

In brief: Ilex urges psychiatric illness definitions

Parliament should decide on who is able to claim for psychiatric illness induced by shocking events like the Hillsborough disaster and not the courts, says the Institute of Legal Executives. In its response to the Law Commission’s consultation on liability for psychiatric illness, Ilex says the latest medical research into psychiatric illness should be used […]

In brief: Firm warns of student housing pitfalls

University housing officers have been told to review their student accommodation policies following an increase in the number of “house in multiple occupation” classifications being issued by local authorities. The Birmingham office of Martineau Johnson has warned that the classification – generally defined as a property occupied by people who do not form a single […]

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