In 2018, we have seen a number of high-profile retail restructurings and common to many is the use of a Company Voluntary Arrangement (CVA). After much press comment, which tended to focus on the plight of landlords, R3, the Association of Business Recovery Professionals, produced a report in May 2018 entitled, ‘Company Voluntary Arrangements: Evaluating […]
At a time when all company expenditure is scrutinised and executive remuneration committees have been put into place to deal with the often problematic area of directors’ remuneration, companies need to be aware of the potential pitfalls in this area to ensure that they are not on the receiving end of an unfair prejudice petition. […]
Earlier this month, the Trump Administration followed through on its promise from May 2018 and reimplemented the remaining sanctions that had been lifted in connection with the Joint Comprehensive Plan of Action (the ‘JCPOA’). This has however had various impacts on other nations and their relations with Iran and commerce. Below Lawrence Ward, Partner at Dorsey […]
The European Parliament has released its report on the ‘state of play, issues and impact that come from citizenship-by-investment schemes in the EU’. The report is the result of a study into 22 out of the 28 EU Member States that allow discretionary naturalisation on grounds of special achievements. Responding to the study entitled ‘Citizenship […]
Following a recent green paper on housing, Joanne Young, Legal Director in the Property Litigation Team at Ashfords LLP, specialising in housing management, explains why housing officials are taking one forward and two steps back. In November 2010 the Con-Lib Coalition Government, still relatively fresh from their election victory and full of determination to effect […]
Official figures from the recently released Insolvency Service report shows a 19% rise in UK company insolvencies, the highest quarterly level in more than four years. The report has revealed that the number of companies becoming insolvent grew at the highest rate since 2009 during the third quarter of 2018. The construction sector has been […]
There was much fanfare last week when the Chancellor announced he would honour the Conservative manifesto pledge to raise the income tax threshold – bringing the lower rate to £12,500, and the higher rate to £50,000 – and he would actually bring this forward a year to be effective from April 2019. However, as is […]
Following the disclosure of the ‘Paradise Papers’ in 2017, an onslaught of misguided moral righteousness resulted, villainising the wealthy for using perfectly legal means of investing their wealth in offshore corporations in order to achieve tax efficiency. In the process, many august journals blurred the lines between entirely legal tax avoidance and illegal tax evasion. […]
Five months after General Data Protection Regulations (GDPR) officially came into effect, and as news breaks that Facebook has been fined the maximum data breach penalty for the Cambridge Analytica scandal, Barrister-at Law Quentin Hunt has been examining the implications of early test cases under the regulations – and reporting on what this might mean […]
Yesterday UK Chancellor Phillip Hammond made a number of announcements and updates in the Autumn Budget 2018. You can see all things Autumn Budget and several summaries on the BBC website here. In our most in depth Your Thoughts piece to date, Lawyer Monthly rounds up the country’s leading experts in a variety of sectors, […]
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