If you’re contemplating selling your tech company it’s never too early to get your house in order. Here are five key things to do to achieve best value: 1. Ensure your accounts are in order. Clean, well prepared accounts (including management accounts) will enable a potential purchaser to identify the company’s assets and liabilities, which will […]
With the UK due to leave the EU on 29 March 2019, questions are arising at to whether contracts should now include ‘Brexit clauses’ and how to define terms such as ‘the EU’, ‘EU law’ and ‘English law’ so their meanings are clear in the future. Parties entering into contracts that will remain in force […]
Background On 25 January 2016, the draft Register of People with Significant Control Regulations 2016 (“Regulations”) were published and laid before Parliament for approval. The Regulations reflect the government’s proposals, following the introduction of the Small Business, Enterprise and Employment Bill on 25 June 2015 (“SMEE”), that companies should hold, and have available for inspection, […]
In Cavendish Square Holding BV v Talal El Makdessi and ParkingEye Ltd v Beavis [2015], the Supreme Court considered a combined appeal as to whether certain contractual clauses which imposed a sanction, were unenforceable due to them being penalty clauses. Background The 1914 case of Dunlop Pneumatic Tyre Co set the rule that penalty clauses […]
The Small Business, Enterprise and Employment Bill (the “Bill”) was first published in June 2014. The draft Bill, as amended on report, was published on 12 March 2015, with its third reading taking place in the House of Lords on 17 March. On 24 March the House of Commons approved the Lords’ final amendments and […]
Whether you are an experienced hotelier or just starting out in the hotel industry, the process of buying a hotel can be a daunting prospect. From financing the purchase, to structuring the deal, to due diligence, to negotiating the commercial terms, there are many things to consider and each will impact the success of your […]
The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (“LASPO”) received royal assent on 1 May 2012. The primary purpose of the bill was to reform the civil litigation costs and funding framework, but a number of other changes were also included which may have wide reaching consequences for businesses in England & Wales and their directors and senior officers.