Legal Article
14/12/23
When purchasing a business, the buyer will often undertake a level of due diligence. The due diligence process is a fact-finding exercise for the buyer to find out information about the business from the seller. The level of due diligence will usually vary depending on a number of different factors. The…
Legal Article
05/12/23
What are statutory registers? Statutory registers (the Registers), otherwise known as 'stat books', compromise a collection of registers/documents that contain a record of past and present information about a company. In accordance with the Companies Act 2006 (the Act), it is a legal…
Legal Article
05/12/23
The shareholders' agreement regulates the relationship between the shareholders and the management of the company. This private contract between the shareholders does not need to be filed publicly at Companies House and can detail how certain decisions should be made. While it operates alongside a…
Legal Article
17/11/23
When it comes to selling a business, the seller and buyer must decide how the business is to be sold. The two main ways are either a share sale or asset sale. While both transactions broadly achieve the same commercial objective, there are fundamental differences in legal effect. Share Sale A…
Legal Article
17/11/23
When buying or selling a business you will enter into a purchase contract. The contract will contain different clauses depending on whether you are purchasing the shares of a company or whether you are purchasing the assets of a business. However, it is common for the purchase contract to contain…
Legal Article
17/11/23
When manufacturing companies merge or a target is acquired, typically an organisation can encounter vast and complex changes post-merger or acquisition (M&A). Many manufacturers operating in the sector today are primarily focused on operational efficiency and compliance of all the business processes…
Legal Article
29/09/23
The Act The Building Safety Act 2022 (the Act) goes beyond a typical legal framework and rather enforces corporations within the construction and property management sectors to become proactive. The framework emphasises accountability, governance, and integrity within the industry; particularly…
Legal Article
25/07/23
It is no surprise that the manufacturing sector is a driving force when it comes to effecting industry change, considering the supply chains and processes involved. In the current climate (pardon the pun!), manufacturing businesses are finding themselves subject to closer inspection than ever before, as…
Legal Article
30/05/23
With an ever increasing focus on sustainability across the world, we are seeing many companies within the construction industry moving away from traditional construction practices and more towards the off-site Modern Methods of Construction (MMC). Complementary to this is the certification as B…
Forbes News
28/05/23
Forbes Solicitors corporate team has announced that it has advised deals with a combined value of £138m in its financial year ending 30 April 2023. The figures were boosted by the firm advising on a number of multi-million pound deals in 2022. Highlights include advising Pavement Testing…
Legal Article
28/02/23
When a sector is experiencing supply issues, for example due to increased cost of raw materials or labour shortages, businesses look internally to improve efficiencies. Investing in artificial intelligence (AI) can increase profitability for manufacturing SMEs. Embracing the shift towards digital…
Forbes News
13/02/23
A NED is a member of a company's board of directors who is not responsible for the daily operations and management of the company; they are fundamentally 'outside parties', acting as independent advisors, valued for their insight. In the UK, under the Companies Act 2006, a director is…
