Start up funding – preparing to pitch for crowdfunding

06/02/2013

Traditionally if you were the owner of an unlisted private company there were limited opportunities for investment from outside third parties. You could apply for a bank loan or increased overdraft, ask a friend or family member or even seek investment from a small private equity provider or business angel. Times are changing for small READ MORE

Company Acquisitions – Top 10 Legal Tips

06/01/2013

Regardless of the size of your business, whether you are an SME or a PLC, there is always room to grow and develop. Company acquisitions are an efficient way of expanding your business but if not done correctly with both legal and financial due diligence, the acquisition could go horribly wrong. The following our top READ MORE

What is a phoenix company?

06/01/2013

A phoenix company is the term used to describe a new company which is started by individuals involved in a previous company which has gone into liquidation or administration.  Typically, the assets of the old business are purchased by a party connected to the previous company. The clear advantage is that the newly formed company READ MORE

Special Resolutions – practical tips

20/12/2012

The Companies Act 2006 provides a legal framework under which companies operate including how decisions are made. Under the Companies Act 2006 when a company makes important decisions this generally has to be made by way of resolutions which are passed at meetings (by show of hands or by proxy). Resolutions Resolutions are either ordinary READ MORE

Share Options

15/12/2012

Share options are also known as employee stock options and they are, simply put, shares given to employees as part of their remuneration package. This is a popular practice as it incentivises employees to do well because an increase in the company’s performance will obviously lead to an increase in the company’s share price and READ MORE

Arm’s length transactions

09/12/2012

In order for a transaction to be considered at “arm’s-length”, there is a requirement that the involved parties are independent in nature and equal. When looking at “arms-length transactions” specifically in relation to contractual agreements, it is vital that different parties in an agreement maintain this independence. It may be the case that both parties READ MORE

Shareholder Disputes – Flat Management Companies

27/11/2012

Over the past couple of years I have noticed a marked increase in the amount of shareholders disputes on which we are being asked to advise. Shareholders disputes are very rarely black and white and often with private limited companies, personality clashes and family relationships need to be taken into account. A large number of READ MORE

Contract tips and terms and conditions of trading

27/11/2012

Trading terms and conditions Why does a business need terms and conditions and trading? It is a good idea to have separate terms and conditions of trading – one set for your customers and one set for your suppliers.  Drafting your own terms and conditions will allow you to limit your liability, state your position READ MORE

The importance of understanding a clients business

27/11/2012

Research clearly shows that it’s important to clients that solicitors make the effort to understand their businesses. There is a simple reason for this – if you don’t understand the commercial drivers behind a client seeking legal advice, it’s unlikely you can do more than advise on the law which is often only a part READ MORE

Common European Sales law – about time

31/10/2012

In the UK, there is an ongoing and interesting debate about the deluge of EU law which impacts and. many would say, unecessarily interferes with and complicates our own laws. Good examples of this relate to Human Rights laws and employment laws. Conversely, whilst there is a free market in the EU, commercial laws to READ MORE