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Jun
09
2020

Warranty and Indemnity Insurance and COVID-19
#Commercial #Corporate

Warranty and indemnity Insurance in share purchase transactions is not new and has been offered in the insurance market place for some time....

Jun
09
2020

Remote negotiation to Virtual Execution of Documents – Things to Consider
#Commercial #Corporate

Few can be in doubt that COVID 19 has changed the business landscape forever, though whether these changes will be for the better or worse remains to be seen. ...

Jun
08
2020

Post-Lockdown Considerations: Delivering your business from intensive care
#Corporate #Commercial

The Government has now committed, albeit loosely, to an economy stabilising initiative. Despite the often contradictory scientific and medical advice, come 1st July the majority of non-essential retail will be able to reopen to the public. ...

Jun
08
2020

Contractual terms and COVID-19 – what to consider
#Commercial #Corporate

The global outbreak of COVID-19 has impacted the way in which we carry out our lives, both personally and in our businesses in a way that hasn’t happened before....

May
11
2020

Crown Preference returns with effect from 1st December 2020
#Corporate #Commercial #Business Recovery & Insolvency

The coronavirus pandemic has, rightly, dominated all press focus of the Government’s budgetary strategy. The Chancellor has introduced a swathe of measures to keep businesses going and the economy as far away from recession as possible. However, also included in the Chancellor’s budget last month was confirmation of the reintroduction of the Crown Preference from 1st December 2020. ...

May
11
2020

COVID-19, insolvency update and Company Voluntary Arrangements
#Commercial #Corporate #Business Recovery & Insolvency

A CVA is a contractual agreement which a company enters into with creditors, under which a company agrees to pay back, over a period of time, a percentage of the money that it owes to its creditors......

May
11
2020

COVID 19 and Business Interruption Insurance
#Commercial #Corporate #Business Recovery & Insolvency

Many businesses, particularly in the hospitality and leisure sector hold business interruption insurance, under which they are insured for the losses and costs arising as a consequence of an event which gives rise to business interruption – claims in the past have typically involved damage to business property....

May
11
2020

AGMs and impact of Covid-19
#Commercial #Corporate

With the Covid-19 outbreak placing unprecedented pressure on business, companies are having to rapidly adapt the way they carry out their corporate duties and responsibilities. ...

Apr
17
2020

Going global
#Clarkslegal #Corporate #Commercial #Entrepreneurs & Start-Ups

The Small to Medium Enterprise (SME) sector is vital to building long term economic resilience everywhere, in developed and emerging markets....

Apr
02
2020

UPDATE: extension to file your company accounts
#Commercial #Corporate

This update applies to both limited companies and limited liability partnerships (LLP’s)....

Mar
26
2020

Escaping consequences of non-performance of contract obligations
#Corporate #Commercial

It’s something of a given in English law that, if you enter into a binding contract and fail to perform your “side of the bargain”, you may well be liable to pay damages for breach to the other party. Generally, it’s irrelevant and no defence if the obligations you agree to in the contract subsequently become far more onerous, difficult or expensive than originally envisaged,......

Mar
09
2020

Warranties and Indemnities in Share Purchase and Asset Purchase Agreements
#Commercial #Corporate

The terms “warranties” “representations” and indemnities” are frequently used throughout the sale of assets or the sale of shares process....

Mar
09
2020

Is the coronavirus a contract killer?
#Commercial #Corporate #Force Majeure

The current spread of the coronavirus is likely to be used as justification for the delayed or non-performance of contracts globally. Do established contract law principles support non-performance because of Covid-19?...

Mar
09
2020

Police use of Facial Recognition - Artificial Discrimination?
#Corporate #Commercial

It has been some months since the High Court delivered its judgment in R v Bridges concerning the use by South Wales police (SWP) of live facial recognition (LFR) in a public place. The claimant has since appealed the decision in the Court of Appeal and the SWP is still under investigation by the Information Commissioners Office (ICO)....

Feb
19
2020

Ready or not, here change comes! How will your contracts change with the UK’s upcoming tariff regime and departure from the EU?
#Commercial #Corporate #Brexit #Transition Period #Trade tariffs #EU

On 6 February 2020, the UK Department for International Trade (DIT) launched a public consultation to begin shaping the country’s new independent global tariff policy following the UK’s departure from the EU. The upcoming regime will enter into force on 1 January 2021....

Feb
07
2020

What does the new decade herald for EMI Option Schemes?
#Corporate #Commercial

The Enterprise Management Initiative (EMI) option scheme is a tax efficient incentive scheme designed to incentivise employees by enjoying the rewards of growth and business success usually on a sale...

Feb
07
2020

Employee Ownership Trusts: 2020 The best is yet to come!
#Corporate #Commercial

Since the enactment of the Finance Act 2014, the popularity and acceptance of the Employee Ownership Trust (“EOT”) as an exit option for business owners has continued to gain support from lawyers, accountants, the Institute of Chartered Accountants in England and Wales and business owners themselves....

Feb
04
2020

Putting the Heart Back into the High Street with New Reading Cinema
#Real Estate #Commercial #Construction #Real Estate #Hospitality & Leisure

With the help of Clarkslegal, a new independent cinema is coming to Broad Street Mall in Reading this summer, in a deal between developer Really Local Group, and Moorgarth, the owners of Broad Street Mall. ...

Jan
14
2020

Share buybacks and payments
#Corporate #Commercial

The concept of share buybacks is a useful one. The ability for a company to buy back its own shares is seen as a useful tool for capital re-organisations and a tax efficient way in which to remove a shareholder or class of shareholders....

Jan
14
2020

The Rewards and Risks of the ‘Subject to Contract’ Label
#Corporate #Commercial

Following the recent decision in Farrar v Rylatt [2019], it is clear that use of the phrase ‘subject to contract’ continues to create work for lawyers in commercial situations and relationships. ...

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