Whenever we are instructed to sell a commercial property on behalf of a client we often get asked: “What happens next?”. Below we’ve set out the 10 key steps to explain the process of selling a commercial property. [Read more…]
Whilst many people know that transfers of freehold property must be registered at HM Land Registry, a quick search of commonly asked legal questions reveals far more uncertainty surrounding leasehold interests. Here we have supplied answers to some of the frequently asked questions about registration of leases. [Read more…]
A default judgment is where the court issues a judgment against a Defendant without hearing the merits of the claim.
A Claimant can apply for a default judgment where the Defendant fails to file a defence within 14 days (or 28 days if an acknowledgment of service has been filed). [Read more…]
A company’s statutory books are very important and are therefore one of the most common items routinely investigated as part of a sale of a company. Despite this, many companies do not have nor maintain proper statutory books. This article considers ‘what are statutory books’ and the potential implications for failing to maintain or update them. [Read more…]
With less than 5 months until GDPR comes into force, all businesses should be well on the road to getting their preparations underway for the new data protection regime. But if you’ve not yet started, don’t panic: there is still time.
There have been a lot of headlines and hysteria about the new upper limits on fines that can be imposed under GDPR. However, enforcement will remain the responsibility of each member state which means the Information Commissioner’s Office (ICO) will continue to deal with enforcement in the UK. [Read more…]
The recent case of Wood v Capita Insurance Services Limited has highlighted the importance of clear, concise and unambiguous drafting of commercial contracts.
Wood v Capita Insurance Services Limited concerned a particular indemnity in a Share Purchase Agreement which the buyer of the company sought to enforce against the seller but ultimately failed. The buyer was purchasing the seller’s business which sold car insurance policies through comparison sites. After the business purchase had completed certain business practices came to light which the buyer alleged amounted to miss-selling to the company’s customers. [Read more…]
BHW Solicitors have been instructed by the entrepreneurs behind the headline-hitting Mo Bro’s. BHW Partner and Head of the Corporate & Commercial Department Ed Nurse is advising the three Leicester-based brothers on the deal for a £150,000 investment secured on the BBC2 programme Dragons’ Den. [Read more…]
In an age where the internet and Google are so prevalent, having an online presence for your business has never been more important – but does your business own its website?
Indeed, most businesses whether big or small will have some sort of website – from simple “information-only” websites to more sophisticated e-commerce websites capable of processing high volumes of various transactions. [Read more…]
In August the British Business Bank announced the first wave of its £250 million Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund, with the launch of £120 million worth of SME debt finance, in a move designed to provide greater support to the region’s smaller businesses, accelerate economic growth and promote job creation – in line with the Government’s Midlands Engine Strategy.
The Fund’s launch was marked with the publication of a new report examining the current state of the regional economy and business finance landscape. ‘Spotlight: The Midlands Engine Investment Fund‘, draws on the British Business Bank’s own research and other publicly-available data. It highlights the opportunities available for ambitious, fast-growth businesses across the Midlands Engine area to reach their economic potential. [Read more…]
There are a number of potential pitfalls a company considering a share buyback deal should be aware of to ensure a successful and compliant share buyback transaction.
A share buyback is the purchase by a company of its shares from one of its shareholders. This article considers the company law requirements relating to a share buyback for a private limited company and common mistakes which can be made. [Read more…]