What is a ‘Convertible Loan Note’?
Many start-up companies (SME) seek for ‘Convertible Loan Notes’ (CLN) under the legal assistance of an assigned lawyer, however what exactly is this?
Company/Commercial
Historical Fraud Trial begins
A historical fraud trial begins this week involving four senior bankers at Barclays, including the former CEO – John Varley.
New ‘Geo-Blocking’ Regulation to come into effect
From 3rd December 2018, all businesses within the EU must comply with the EU Geo-Blocking Regulation.
What is a ‘Duty of Candour’?
Lawyers were recently reminded that a ‘duty of candour’ within litigation is of ‘paramount importance’ – so what exactly is this duty?
New ‘ROE Bill’ draft published
Following from the recent public outcry regarding the lack of ‘transparency’ in the UK property market, a new ‘ROE Bill’ draft has now been published.
How ‘green’ is the legal sector?
How far do law firms go to demonstrate that they are consciously proactive in ensuring environmental sustainability?
GDPR update: new guidance website
The EC has recently released a new website that is aimed at providing further guidance to the upcoming GDPR changes.
How does insolvency impact employment rights?
Many large companies can be at risk of becoming insolvent – so what happens to an employees rights if this happens and what measures should be put in place?
The importance of Corporate Social Responsibility (CSR) – How far is it maintained?
As globalisation increases, so does the pressure to maintain Corporate Social Responsibility (CSR) to a high level within all corporate sectors – especially within the legal profession.
New Data Protection Bill – Are you prepared?
The European Union is set to issue and enforce a ‘General Data Protection Regulation’ (GDPR) on 25th May 2018, in which the current British legislation has been amended, in order to comply with this. MP Matt Hancock released a ‘Statement of Intent’ on Monday 7th August 2017, regarding a ‘new data protection bill’ to be
Are you selling a business? Share Purchase or Asset Purchase.
In the business world, selling a business (or buying) is never straightforward and often comes with a plethora of complexities, particularly around the different structures which may be employed. These narrow down to two different methods (and sometimes a combination of the two). One option is to buy the shares of the company that owns
Mutual exclusion clause honoured for freedom of contract
In the recent case of Transocean Drilling UK Ltd v Providence Resources PLC, the Court of Appeal (“CA”) has reversed the first instance ruling in the construction of a mutual exclusion clause in a hiring contract for a rig used in a drilling project. Instead of narrowing down the meaning of “loss of use” as
Lack of legal personality leaves limited partnership no immediate proprietary rights
The Court has revisited the effect of limited partnership lacking its own legal personality in the recent case of Vanquish Properties (UK) Limited Partnership v Brook Street (UK) Limited. Not only has the Court clarified that a limited partnership is incapable of possessing proprietary rights, it has also made a detailed survey on how both
Say goodbye to annual return!
From 30th June 2016, all UK based companies and LLPs will be required to deliver a “confirmation statement” to Companies House instead of an annual return. This must be filed at least once every 12 months and serves the same purpose as the annual return. What is the ‘confirmation statement’ and how is it different
People with significant influence or control
New reporting requirement on People with Significant Influence or Control (PSC) is going to be effective from 6 April 2016 onwards for all UK companies, Societas Europaea (SE), and limited liability partnerships (LLP). The new requirement, imposed through the Companies Act, mandates the registration of PSC over the companies, SE, or LLP with the Companies