October 2022 - Newby Castleman

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26th October 202226th October 2022

Personal responsibility of directors

2 minutes to read Supreme Court judgement clarifies ‘trigger points’ when directors have a duty of care to creditors The potential personal responsibility of directors, if they fail to take into account the interest of creditors, was recently brought to light in the Supreme Court judgement in BTI 2014 LLC v Sequana SA on 5 October 2022. The issue …

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25th October 2022

Reversal of Emergency Budget Oct 22

< 1 minute to read In a bid to reassure markets and restore stability, the new Chancellor Jeremy Hunt has reversed the majority of tax cutting measures announced by his predecessor, Kwasi Kwarteng. Mr Hunt has promised further details of his ‘Medium-Term Fiscal Plan’ on 31 October 2022, alongside a forecast from the Office of Budget Responsibility. After a particularly …

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Newby Castleman is the trading style of Newby Castleman LLP, a Limited Liability Partnership registered in England and Wales Number OC416058. A list of members’ names is available at the business address. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.