Corporate Legal Articles

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The Importance of Due Diligence

18 Jun 2019

When purchasing a business, whether it is a purchase of its share capital or its assets and liabilities, the buyer of the business will often undertake due diligence (the level of which varies dependent upon the size of the undertaking, the terms of the deal and the level of pre-existing knowledge by…

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Changes to Entrepreneurs Relief

18 Mar 2019

In the lead up to the Budget Statement at the end of October 2018, the Chancellor announced that changes to Entrepreneurs Relief ('ER') would be introduced in the New Year. ER is a relief applied on the sale of certain business assets or shares where Capital Gains Tax is charged at a reduced…

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What can SME's do to prepare for Brexit?

15 Feb 2019

With the Brexit deadline imminently approaching, how can you prepare your business for Brexit? This is a challenge facing every SME based in the UK that either sells internationally, has an international supply chain or relies on international workforce. SME's employ over 15 million people and…

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Shareholders' Agreements - an ineffective right of first refusal

26 Nov 2018

In the recent case of United Co Rusal Plc v Crispian Investments Ltd [2018] EWHC 2415 (Comm), the High Court held that a right of first refusal (ROFR) procedure in a shareholders' agreement had not been validly instigated. The case above involved three major shareholders of PJSC MMC Norilsk…

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Dragged along to a sale

04 Sep 2018

In the case of Angus James Cunningham v Resourceful Land Limited and others , the High Court has upheld a drag-along provision in a Shareholders' Agreement and has ordered that the register of members does not require rectification. Background A group of individuals incorporated two…

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Fail to File... Fine? - Changes to Partnership Penalties

27 Jun 2017

Until recently, it was simply to be expected that partners who failed to produce a partnership return in time to HMRC would face a fine. However, the First-tier Tribunal has now reduced penalties for a case where the same information required was already submitted, within the partners' own separate…

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