Posts Tagged ‘commentry’

Oury Clark Independent Financial Advice

Investment

Oury Clark Independent Financial Advice Blog - June 10th, 2009 by David Chinn

  • David Chinn

  • Position: Partner OCIFA & OCA
  • Phone: +44 (0) 1753 551111
  • Fax: +44 (0) 1753 550544
  • Email: David.Chinn@ouryclark.com
  • More information about
    David Chinn at ouryclark.com

With global interest rates standing at historically low levels, many clients have seen the interest payments received on savings accounts fall to negligible amounts. For those targeting an income yield from their savings it is always wise to shop around. The better interest rates are available for those willing to tie their money up for six to twelve months.

For those willing to consider an alternative to savings accounts the income yields on fixed interest investments are particularly attractive and may be suitable for part of the portfolio.

Global Stock Markets have experienced extreme volatility as the economic certainty continues. Investment performance in most asset classes has been disappointing in recent times, however, research has shown that trying to ‘time the market’ is extremely difficult [...]

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Oury Clark Solicitors

Tenancy

Oury Clark Solicitors Blog - June 10th, 2009 by Denis Raingold

  • Denis Raingold

  • Position: Partner OCS
  • Phone: +44 (0)20 7067 4300
  • Fax: +44 (0)20 7067 4301
  • Email: Denis.Raingold@ouryclarksolicitors.com
  • More information about
    Denis Raingold at ouryclark.com

Many tenants, particularly those in the retail sector are seeking temporary side agreements to vary the rental payment provisions under their leases for the duration of the current slow-down. Typically, leases require tenants to pay rent quarterly in advance; in an effort to regulate cash flow in difficult trading conditions, some tenants are seeking to reduce the advance period, usually to a month. For more distressed tenants some landlords are agreeing to reductions in rent, applying the maxim that some rent is better than no rent at all, which could be the effect of a tenant becoming insolvent and the subsequent void that could result.

For landlords, it is important to consider carefully from a commercial perspective any requests to vary rental payments; if the property [...]

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Oury Clark Solicitors

The state of play

Oury Clark Solicitors Blog - June 10th, 2009 by Juliet Oury

  • Juliet Oury

  • Position: Partner OCS
  • Phone: +44 (0)20 7067 4300
  • Fax: +44 (0)20 7067 4301
  • Email: Juliet.Oury@ouryclarksolicitors.com
  • More information about
    Juliet Oury at ouryclark.com

Many clients are restructuring their business to limit losses and to improve profitability. Some are operating recruitment freezes as well as looking at cost cutting exercises such as reviewing expenses policies. Some clients are holding pension contributions or other benefits, many are reducing salaries by varying percentages across the board and others are consulting for redundancies. Fortunately for some employers, as unemployment rises, remuneration expectations in some sectors are beginning to come down.

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