In a first for UK company law, groups can now gain audit and accounting exempetions for their subsidiaries if they effectively give up the limited liability of the subsidiaries. Will they, or should they do that?…more
UK Chancellor George Osborne has announced a plan to allow employees in smaller companies to give up employment rights in exchange for stock (shares) in the employer. How will this work from a tax and equity perspective?…more
Using privilege to protect the confidentiality of documents and withhold embarrassing evidence (UK)…more
When UK football clubs go into administration, League rules give football creditors priority of payment over others, including taxes. HMRC have tried again to challenge that in court, and failed…more
Business implications of Greece leaving the Euro - would you get paid,and in what currency? What should you do if selling to Greece or if you have assets there? An English lawyer's perspective…more
EMI stock options are clearly the most tax-effective incentive arrangements in the UK, and have been given a boost by favourable changes in the 2012 Budget…more
Copyright infringement of a photograph by recreating the scene and no physical copying: are we moving towards protecting the idea rather than its expression?…more
Collateral damage from money-laundering legislation: your bank can block your account and leave you with no remedy, even if you lose money as a result, if they suspect illegal activity. What should you do?…more
A new form of corporate entity in the UK will be the Charitable Incorporated Organisation or CIO, likely to become the entity of choice for charities…more
Solicitors can make back claims to recover 100% VAT bad debt relief where insured clients failed to pay the VAT element of the bill…more
In the light of the PIP breast implants scandal a brief summary of how business liability insurance works in the UK with reference to product liability and product recalls…more
How UK competition law now applies to user restrictions in leases - could landlords and tenants be liable to large fines? The exemption for land agreements has been abolished…more
Directors and their advisers can be exposed to large losses if they overlook the need for formal shareholder approval of property transactions, including grant of leases, between a company and its director or his associates…more
Directors may rely on the company lawyer's confidential advice, only to find it released to prosecutors or regulators by a liquidator. Is that allowed? read on..…more
Landlords need to know that guarantors of leases may claim "undue influence" or other reasons to get out of paying - landlords may need to take the same precautions as banks to make sure their guarantees are enforceable…more
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