If you are considering selling your business, are you aware of the discussions in the changes to rates of Capital Gains Tax and clear on how this might impact your share of the sale proceeds? If so, it might be worth exploring the various routes to sale that exist, including selling to your employees tax free....
In our latest webinar, corporate partner Stuart Mullins discusses the practicalities of selling your business. The following article provides vital insight for both buyers and sellers seeking to navigate the often complex journey from heads of terms to completion. Below we highlight the key considerations and processes....
The terms “indemnity” “warranty” and “representation” are used a lot in the context of share sale or business sale agreements, but the terms “warranty” and “indemnity” permeate through all forms of contracts, not just business sale agreements....
Brexit is going to have significant effect on the trade of goods between the UK and the EU. If your business relies on goods imported from the EU, whether by you directly or through your supply chain, you need to take action to ensure that your supply is not disrupted....
Do you want to realise the value in your business, but concerned about the time and cost issues surrounding finding a buyer, talking to competitors and engaging in lengthy due diligence? ...
Following lengthy consultation that began in May 2019, the Government has now published its response to proposed changes to the role of Companies House, and increased transparency amongst companies and legal entities. The consultation was vast, 1320 formal and unique responses were submitted. ...
The Court of Appeal recently handed down its decision in the case of R v Bridges [2020] EWCA Civ 1058, the first case of its kind in the world dealing with law enforcement use of live facial recognition. ...
Clarkslegal prides ourselves on our excellent client service, so it is wonderful to be recommended by Legal 500 UK for our efforts especially during this different time for us all. We are delighted to announce that we have been recognised for the following practice areas; Construction, Commercial Litigation, Commercial Property, Corporate & Commercial, Employment, Immigration and Public Sector....
It is generally accepted that Series A funding is crucial to the development and scale up of early stage business. Funding generally was very competitive prior to lock down, but with the obvious economic pressures brought about by Covid-19, what is the view moving forward and how does a business seeking such funding best prepare for investment discussion?...
This article sets out the key themes covered in the Clarkslegal webinar. The webinar was hosted by Stuart Mullins, of Clarkslegal LLP, Steve Royffe, of the Dorset Business Angels and Zafar Kanani, of the Forbury Investment Network....
The coronavirus pandemic has forced businesses to consider the way they operate and, in some instances, consider whether they have the ability to operate at all. Similarly, there will be many business owners who feel the risk of further pandemics in the future or business fatigue ...
It is generally accepted that culture goes to the very fabric of most businesses and this is often what sets one business apart from another. Quite often culture and values will determine success or failure. ...
The benefits of an EMI scheme amongst qualifying participants is widely known. However, the furlough scheme brought in to ease the financial burden of the employee wage bill on businesses has left some debate as to whether ...
Warranty and indemnity Insurance in share purchase transactions is not new and has been offered in the insurance market place for some time....
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. ...
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. ...
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....
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. ...
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......
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....