A Retention of Title Clause is a prudent precaution, particularly when operating a business which routinely supplies goods on credit. The most common type of retention of title clause is the “all monies” or “current account” retention clause. This is used where the business is...
In these uncertain times many businessmen are transferring assets, frequently including the family home, to their wives. The hope is that in so doing these assets will be put out of reach of their creditors, usually the Banks. But how effective are such transfers? The...
In order to validly execute a document such as a contract, deed or Will, a person must have the Legal Capacity to do so. This means that a person must have the ability to understand the nature of the document he or she is signing,...
Many of us only realise for the first time how extremely important it is to make a will when we become parents. There are a number of extra factors which have to be considered when we have children. Who will take care of my children...
With so many people facing financial worry and uncertainty, mortgage arrears is a topic which is very much to the forefront of people’s minds at the moment. There are various useful tips and strategies if you find yourself in arrears, some of which are as...
An Enduring Power of Attorney (sometimes referred to as a “Living Will”) is a document designed to enable each of us to appoint the people of our choosing to look after our affairs if we are either temporarily or long term mentally incapacitated and so...
If you own an apartment whether as an owner occupier or as a landlord, the coming into effect of the Multi-Unit Developments Act will be of interest to you.The Act came into force on 1st April 2011. Prior to this, Management Companies were run on...
Many people are under the impression that the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 only applies to gay couples. This is not so. Since January 1st 2011, any couple, gay or straight, who have lived together in an intimate relationship...
Adjudication as a Bankrupt: Bankruptcy law in Ireland is governed by the Bankruptcy Act of 1988. Under this Act, a person owing money (the “Debtor”) could be adjudicated bankrupt on foot of one or other of eight different acts of bankruptcy. In practice, the most...