Late payments legislation reform: next steps for businesses

The latest business insights from Ashfords

In this edition of Ashfords' business bulletin, our experts provide businesses with essential updates on the latest legal developments. We:

Outline the government’s proposed overhaul of late payment legislation.
Explore data breach claims cases and advise how to mitigate the risk of claims being pursued.
Investigate the potential risks, benefits and data compliance requirements of using social media as a recruitment tool
Highlight the key provisions of the Economic Crime and Corporate Transparency Act 2023 (ECCTA) and the consequences for non-compliance.
Cover the latest regulatory and compliance updates for businesses to stay ahead of the curve.

Read our insights

Government proposes major reform to tackle late payments: next steps for businesses

Delays in payment by creditors can pose an existential threat to otherwise viable businesses. The UK government’s proposed overhaul of late payment legislation, which we outline in this article, should therefore be welcome news to many SMEs. If implemented, it will represent a very significant change in the law for businesses of all sizes, with potentially significant commercial consequences.

Data breach damages claims – has the bar for compensation been lowered?

The extent to which damages can be claimed in the event of a data breach has been a hot topic over the last few years. In this article, we outline the key cases for data breach claims to date and consider the impact of the latest decision in the Farley v Paymaster case. We also considers what is next for data breach claims and how to mitigate the risk of claims being pursued.

Social media as a recruitment tool: risk v reward

Social media has become an inescapable part of daily life, and it's increasingly relevant in the world of recruitment and employment. In this article, we explore the potential risks, benefits and data compliance requirements of using social media as a recruitment tool.

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Key regulatory and compliance updates for UK businesses this autumn

It's important that businesses are aware of the latest regulatory and compliance developments, which could significantly impact how they operate and report. In this article, we break down the latest updates, explaining what they mean in practice and how your business can stay ahead of the curve.

How does the Economic Crime and Corporate Transparency Act 2023 apply to private equity?

The ECCTA applies to large organisations, defined as incorporated bodies or partnerships that meet at least two of the following criteria: more than 250 employees, turnover exceeding £36 million, or assets over £18 million. In this article we highlight the key provisions of the ECCTA, the consequences for non-compliance and when private equity funds might be liable to prosecution.

Key contacts

Andrew Perkins

Partner and Head of Commercial Disputes

+44 (0)1392 334112 a.perkins@ashfords.co.uk View more

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