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businessupdate News…


Legally speaking


Business Minister Edwina Hart has welcomed news that international company DS Smith Plc is to set to up anew service centre in Caerphilly which will create up to 100 jobs. The investment, which will also safeguard


22 jobs, is being supported by £436,000 from the Welsh Government. Mrs Hart said: “Support from the Welsh


Government helped secure the new shared service centre for Wales and ensured the investment went ahead at Caerphilly. “I am delighted that work is now underway


on fitting out the new centre which will bring direct and indirect benefits to the local economy while creating asignificant number of new jobs and career opportunities.” The international supplier of recycled


packaging for consumer goods new shared service centre at Caerphilly Business Park will enable it to centralise its IT, HR and Finance operations. Caerphilly is already the head office for the


group’s recycling operations employing 88 staff out of atotal of 392 based at several sites


Tuesday June 19, 2012 Newcentre set to create100jobs


throughout Wales. Peter McGuinness, managing director at


DS Smith Recycling, said: “Our new shared service centre will mean we can work more efficiently, to ultimately deliver better value and service for our clients, while further embracing our commitment to asustainable working environment.” The investment will also provide an


additional direct boost into the local economy through an increased wages bill and recruitment is already underway.


Allchangeforboardof businessnetworkgroup


By Sion Tudur, partner, RDP Lawyers


Business owners, shareholders or other company officers might regard corporate assets almost like their own personal property. They risk prison or other penalties if they breach court orders in relation to these assets. Courts have the power to


impose injunctions such as freezing orders to help enforce their judgements. Afreezing injunction stops those


concerned from disposing of their business’ assets, or even dealing with them. Any type of asset can be frozen,


including money in bank accounts, shares, land and vehicles. Arecent High Court judgement demonstrates the importance of obtaining professional legal advice on the effect of court orders. Acompany shareholder and


director were told by the judge, who adjourned sentencing, that he may send them to prison. They had been found to have knowingly breached a freezing injunction by trying to transfer the company’s entire business to their new enterprise. Compliance with the terms of a


freezing injunction or any court order is essential. Adeliberate breach amounts to


contempt of court, for which the potential penalties are imprisonment, fines or seizure of assets. Businesses must avoid


intentionally dealing with frozen assets or risk being in breach. Even company officers not


named in acourt order can be in contempt if it is found they intentionally interfered with or hindered the administration of justice.


I


t’s all change at Caerphilly Business Forum as anew chair, officers and board members have been elected to run the biggest and most influential business network in the county borough. The new chair is Tony Sheehan, managing


director of the Risca-based construction company the Joyner Group. The company also has offices in Bristol and


works all over Wales, the Midlands and South- West, specialising in the refurbishment of houses for local authorities and housing associations and other large-scale refurbishment projects. Mr Sheehan has been an active member of


the forum since it was first established in 1997. He is also active in several trade organisations, including the Gwent Construction Training Group and the Insulated Render and Cladding Association, of which he is treasurer. Former chair Andrew Diplock, who


announced he would be standing down earlier this year, has agreed to stay on as Vice Chair to ensure continuity in the organisation. Simon Jones, alocal business manager with


HSBC, is treasurer and Dave Bull, of Team Coaching Network, is secretary. Two new members have also joined the


board. They are Annie Finlayson (PHS) and Jon Lewis (Direct Healthcare Services). The other board members are: Denise


Lovering (Glenside Commercial), Jan Bennett (Caerphilly County Borough Council’s Business Enterprise Support Team), Jill Gorin (Business in Focus), Laurie Cope (Amity Web Solutions), Martyn Fear (Specialist Pre-cast Products), Melvin Byles (The Will Associates), Michelle Rose-Innes (Rose-Innes Designs), Nikki Vivian (Go Wales), Peter Brookes (Ashgrove Business Strategy), Sarah Bruton (Captiva Spa) and Stewart Spencer (Dischromatics). Mr Sheehan said: “The forum has gone from


strength to strength in recent years with agood growth in both new members and activity and our voice has grown much stronger too. “We represent avery broad spectrum of


businesses in the county borough and have strong relationships with those partners offering business support, including Caerphilly County Borough Council, Go Wales and Business in


Tony Sheehan, chair of Caerphilly Business Forum Focus. “But there is always room for more people


to get involved and that will be one of our key goals this year. We are here to help, support


and provide avoice for businesses in the area and anyone interested can find further information on our website www.cbforum.co.uk or email Natalie@cbforum.co.uk.”


www.rdplaw.co.uk


The Robert Davies Partnership LLP is authorised and regulated by the S.R.A. No. 408229.


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