Latest Legal Articles from Forbes Solicitors

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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…

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…

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…

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Forbes Advises BCC Cars Over Sale To Chapelhouse Motor Group

Forbes Solicitors has advised Bolton Car Centre (BCC Cars) over the sale of three motor retail sites to North…

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