Corporate
News & Opinion from
Forbes Solicitors

Together we are Forbes

Legal Article

Protecting your assets from any potential downturn in trading

21 Sep 2020

With uncertainty in the market, now is a good time for businesses to be considering how they best protect their assets from any potential downturn in trading. Key assets, such as business premises, intellectual property rights, plant and machinery, etc. - even cash - can all be ringfenced by moving them…

Corporate

Read more

Legal Article

Why every company should have a Shareholder Agreement

21 Sep 2020

What is a Shareholder Agreement? In short, a shareholder agreement is what it says on the tin, an agreement between the shareholders of a company. The agreement contains terms that govern the ownership of the business, including the issue and transfer of shares and company management. A…

Corporate

Read more

Forbes News

Forbes Solicitors Appoints New Partner In Corporate

09 Sep 2020

Leading commercial lawyer David Filmer has joined Forbes Solicitors as a partner in the firm's corporate team. David joins Forbes Solicitors from Harrison Drury in Preston, where he was head of the corporate and commercial team, and responsible for leading a number of significant deals for…

Corporate

Read more

Legal Article

A Taxing Tax Covenant?

21 Aug 2020

It is standard practice for Corporate documentation to include covenants. Covenants can have a multitude of purposes and provide contractual parties with legal assurances that something will, or will not, be done in an agreement. The recent judgment in Dodika Ltd v United Luck Group Holdings Ltd [2020]…

Corporate

Read more

Legal Article

Share purchase agreements and limitation periods

09 Jul 2020

The recent case of Towergate Financial (Group) Ltd & Ors v Hopkinson & Ors [2020] has provided some guidance in relation to the wording of contractual limitation clauses and their interpretation into corporate share purchase agreements (SPAs). A contractual limitation period is a form of…

Corporate

Read more

Legal Article

Shareholders Agreement - what they are and why you need one

24 Jun 2020

Owning a company on your own is great, it means you have ultimate control over any decision which the company makes, without having to consider what anyone else thinks. However, as soon as a company is owned by more than one person, things become a little more complicated. The more shareholders of a…

Corporate

Read more

Forbes News

Forbes Solicitors Announces 35 Promotions

24 Jun 2020

Leading law firm Forbes Solicitors has made 35 promotions as it continues to strengthen its commitment to people development and recognise outstanding client service. There have been seven promotions to Partner across a number of the firm's specialisms and offices throughout Lancashire and…

Corporate

Read more

Legal Article

Corporate Insolvency and Governance Bill 2020

10 Jun 2020

The government is seeking to provide support to companies that may be facing financial difficulties by introducing new measures designed to maximise chance of survival. The Bill will temporarily suspend parts of insolvency law and amend Company Law and other legislation to relax rules around company…

Corporate

Read more

Legal Article

How can I buy a property owned by a company?

27 May 2020

The most obvious answer is to simply buy the property, as a company asset, from the company. But there is another option - to buy the company itself! Whilst this may not be the immediately obvious choice, there can be benefits to this - but each option needs to be considered on its merits. Here are some…

Corporate

Read more

Legal Article

COVID-19: Emergency changes to insolvency law

03 Apr 2020

Last week, the Business Secretary announced temporary changes to insolvency law in order to protect businesses from the effects of the current COVID-19 (coronavirus) pandemic. The impending legislation will introduce a new moratorium for businesses and will suspend wrongful trading laws for the duration…

Corporate

Read more