Category: For Businesses
Free Business Legal Health Check
This Black Friday we are offering all businesses a FREE Business Legal Health Check! As the cost-of-living crisis continues businesses need to have a solid plan in place to ensure they are in the best position they can be to face the future. To help them on their way we are offering a FREE legal... Read more »
Laws around Commission and Holiday Pay
Should holiday pay include commission? The short answer, is yes, commission should be included in the calculation of holiday pay. The employment law case Lock and British Gas Trading Limited 2014 has helped to define regulations on holiday pay in relation to commission. I’ll explain the case in detail further down. Understanding commission Commission is defined as... Read more »
Negotiating a commercial deal? Check your heads of terms!
“I have been in negotiation to sell my business, and my buyer has just withdrawn from the deal. Can I have the payment from the buyer?” That question summarises classic enquiries we receive in a commercial transaction. One of the first things we would ask is what has been agreed between the parties – do... Read more »
How to outsource legal services
The most important way of outsourcing legal services is the way in which it is most easy for the client. Similar to how there are different types of retainers available, there are also different ways to outsource. Over the years I have worked with many corporate clients, each needing their own style of outsourcing. And... Read more »
Why outsource legal services?
When a business is faced with many legal requirements in various different areas, outsourcing legal services to a law firm is more than worth considering. Before I explain the reasons why a business should contemplate outsourcing their legal needs to a law firm, as opposed to having an in-house lawyer, it’s important to clarify the... Read more »
Re-use of a prohibited name – A warning for Directors
Re-use of a Prohibited Name leads to automatic liability under section 217 Insolvency Act 1986 Subject to certain exceptions, a director of a company that has entered into an insolvent liquidation is restricted from being involved in the management of a company with the same, or similar name to the company that entered liquidation. This... Read more »
Directors cannot re-write history
Directors of companies need to keep the above statement in mind following the decision in Bass v Buchanan [2021] EWHC 2740 (Ch). Following the company entering into a Creditors’ Voluntary Liquidation in December 2014 the liquidators conducted a review of the books and records of the company and brought proceedings against the director in relation... Read more »
What happens when your company does not bounce back after receiving the Bounce Back Loan?
In early 2020 when the Coronavirus Pandemic hit the UK the Government brought in a series of measures to help businesses survive. One key measure was the Bounce Back Loan Scheme. The scheme was introduced in March 2020 allowing small and medium businesses to borrow up to 25% of annual turnover, capped at a maximum... Read more »
Winding Up Petitions – The new provisions
As part of the Government’s loosening of the legislation introduced as a result of the coronavirus pandemic, the temporary provisions put in place to give breathing space to companies from the threat of a winding up petition expire 30 September 2021. These provisions were within the Corporate Insolvency and Governance Act 2020 (“CIGA”) and designed... Read more »
Business Disputes
Hopefully on a day-to-day business, your business has few – if any – ongoing or threatened disputes. However they can erupt suddenly and in any area of your business. But did you know that taking sound legal advice at an early stage can be invaluable? Not only can it prevent an issue becoming a full-blown... Read more »