Latest Legal Articles from Forbes Solicitors


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…

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…

Forbes act on the sale of Lancashire based Tilemaster Adhesives to Kerakoll

25 Jul 2017

Forbes Solicitors' Corporate team has acted for Leyland based Tilemaster Adhesives over its sale to Kerakoll. Following the acquisition, the two brands will continue to run separately, in order to continue building and progressing both brands. Tilemaster's Managing Director, Mark Kelly and…

Accountants Update - Changes to the PSC Regime

20 Apr 2017

Yesterday Companies House announced its plans for the next three years when it published its business plan and strategic plan. Its ultimate goal is to make the UK "the most transparent place in the world to do business", by making a number of changes to the PSC Regime.…

Can a breach of fiduciary duty affect your profit share?

08 Nov 2016

In Hosking v Marathon Asset Management LLP [2016] EWGC 2418 (Ch), a landmark decision, the High Court has ruled that in the aftermath of a breach of fiduciary duties the principle of forfeiture of profits can apply to Limited Liability Partnerships in some instances. Whilst this is readily accepted…

Important Changes to Annual Returns from 30th June 2016

17 Jun 2016

The 6 th April 2016 saw the introduction of the Persons with Significant Control ('PSC') Register, under the Small Business, Enterprise and Employment Act 2015 ('the Act') and from the 30 th June 2016, all companies will be required to file the information contained in their PSC…

Small Business, Enterprise and Employment Act 2015 brings significant changes

05 Apr 2016

From the 6th April 2016 the Small Business, Enterprise and Employment Act 2015 brings significant changes that will affect all companies and LLPs. From the 6th April 2016 your PSC Register must never be empty. For a fixed fee we will ensure your compliance from the 6th April, by providing you…

An alternative to share transfers

30 Mar 2016

The current process surrounding share transfers can be a drawn out process with delays occurring between the purchaser purchasing the shares and them becoming the legal owner to those shares. This is as a result of requirements relating to the stock transfer form being stamped by HMRCs stamp office,…

Corporate Restructures and Alphabet Shareholdings

17 Feb 2016

Many Companies ordinarily have one class of share in issue however for SMEs the use of alphabet share structures can be both useful and efficient in a number of ways. Alphabet shares are shares of different classes, which are often named as 'A' Shares, 'B' Shares and so on. Each…

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26 Nov 2018



Due Diligence & GDPR: Factors to consider for staying compliant during a corporate transaction

What does the coming into force of the Data Protection Act 2018 and General Data Protection Regulation (GDPR)…

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