Compensation for Commercial Agents – new edition

Commercial Agency Agreements: Law and Practice

I am pleased to announce that Bloomsbury Professional has just published the fifth edition of Commercial Agency Agreements: Law and Practice.  I wrote the chapter on the valuation of commercial agents compensation for this edition as well as for the earlier third and fourth editions.

The book examines the standard commercial agency agreement where an agent is self-employed and paid a commission on sales he or she generates for the principal as it is those agents that fall within the UK Regulations.

New cases since the last edition four years ago

As expected, the fifth edition has been updated to include several new cases since the previous edition over four years ago. 

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Chartered Institute of Arbitrators – new appointment

Appointment to Audit and Risk Committee, Chartered Institute of Arbitrators
Charles Lazarevic, appointed to the Audit Committee

Chartered Institute of Arbitrators – Audit and Risk Committee

I am pleased to announce my appointment to CIArb’s Audit and Risk Committee, the world’s leading qualifications and professional body for dispute avoidance and dispute management. 

This appointment to this Committee of the Chartered Institute of Arbitrators builds on my long involvement in dispute resolution as an expert witness, as well as recognising my expertise in corporate governance, auditing and financial reporting.

To learn more about the team and our expertise of dispute resolution and as expert witnesses click here.

To discuss a possible case on a without commitment basis please contact us at: [email protected] or click here.

Charles Lazarevic

10 January 2020

#audit #auditcommittee #financialreporting #ciarb #arbitration #disputes #disputeresolution #internationalarbitration #law

Charles Lazarevic awarded Fraud Accountancy Expert Witness of the Year for 2019


Description of the wide range of skills and services provided by Charles Lazarevic, Vero Consulting

Global 100 Award – 2019 – Charles Lazarevic – Vero Consulting

In December Charles was Awarded Fraud Accountancy Expert Witness of the Year 2019 by KMH Media, publishers of M&A Today. This annual Award aims to provides their readership with an understanding of those individuals that are truly leaders within their chosen areas of specialisation.

The Process:

Each individual recognised must receive no less than 21% in votes from the global readership, currently in excess of 293,000 in 163 countries.


After the voting process, which follows a very strict format of self-submission and third-party nomination, firms are shortlisted and selected as winners as follows:


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Audit forensic accounting finally takes centre stage in audit reforms

Audit failings blamed for collapse

The Conservative Party’s Manifesto set out the party’s aims for audit reform within the following statement: “We are also strengthening the UK’s corporate governance regime, and will reform insolvency rules and the audit regime so that customers and suppliers – and UK taxpayers – are better protected when firms like Thomas Cook go into administration. We will also carefully study the results of the ongoing investigation into its collapse.”

Sir Donald Brydon’s review dated December 2019

On 18 December Sir Donald published his 138-page report into audit reform.  His terms of reference were set by the Government at the beginning of the year and included the ambitious aim of “seeing the UK at the forefront of corporate governance internationally. This includes maintaining a leadership position internationally in terms of the evolution of the audit”.  

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Asset recovery in South Eastern Europe

Rule of Law Programme – Western Balkans

Capacity building

A conference on the recovery of the proceeds of crime was held in Belgrade, sponsored by the UK Government. The conference provided training for senior judges and prosecutors from seven countries in South Eastern Europe with the aim of encouraging international co-operation in recovering assets following every successful prosecution. 

This training provided an overview of the law and practice in international cooperation in asset recovery.  The participants were also provided with an excellent Handbook setting out the available tools, channels for cooperation and best practice.  The Keynote speaker was HH Judge Michael Hopmeier, Southwark Crown Court, London.

The conference was arranged in response to the low level of international cooperation in the field of asset recovery in South Eastern Europe and forms part of a wide programme of capacity building being sponsored by the UK Government in the fight against corruption and organised crime in the region. 

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Using AI to improve data and reporting on SMEs

Last week I was privileged to be invited to join Professor Karen G. Mills for a dinner with several professors from Imperial College Business School, London and a number of London-based entrepreneurs working on applying big data to support better lending and investment decisions to SMEs using new types of AI and algorithms.  The discussion shows the astonishing range of non-financial data that can be captured about a business.

With over 50% of jobs in the UK and US and many other industrialised countries in SMEs, these innovative new data streams, particularly non-financial measures, have the power to illuminate the opaque nature of small business finances, providing more transparency and thus confidence to lenders.  

Professor Mills believes the difficulties small business has had in obtaining credit can be addressed by attracting new financiers using AI to improve lending decisions and at lower cost. This should invigorate SMEs as an important source of innovation and employment in our economies.

This rich source of data will also provide investigators with a much wider pool of data for due diligence, verification and court purposes, areas where my firm is particularly active.

Karen Mills inscription to Charles Lazarevic
Karen G Mills’ latest book – November 2019

Professor Mills served as a member of President Barack Obama’s Cabinet and as the Administrator of the U.S. Small Business Administration from 2009 to 2013.  She is now a Senior Fellow at Harvard Business School and a member of the Entrepreneurship Faculty. 

She included this inscription in a copy of her latest book on this topic: Fintech, Small Business & the American Dream.

Vero Consulting uses financial and non-financial data to support SMEs with business valuation, compensation and other dispute resolution services.

To learn more about the firm’s expertise, click here, or please contact me for a without-commitment discussion at [email protected] or click here.

Charles Lazarevic

19 November 2019