Business Law Blog
Tuesday 19th March 2019
Starting a business or running an existing one can be overwhelming and we understand why you might be reluctant to pile more onto your plate. However, having a Shareholders’ Agreement in place is one addition that is worth it in the long run, both financially and emotionally!
What is it?
A Shareholders’ Agreement sets out the various rights and obligations of the shareholders,...
Wednesday 29th August 2018
Any landlord who seeks to dispose of their property interest in mixed use or residential blocks must first consider whether they need to serve a section 5 notice on the leaseholders. This is because the Landlord and Tenant Act 1987 (the ‘Act’) grants certain leaseholders a right of first refusal (‘RFR’) over certain disposals by the landlord. The effect of the Act is...
Wednesday 29th August 2018
Many a lady would go head over heels for a pair of Christian Louboutin shoes. The signature patent-red soles are synonymous with success, wealth and power; an unmistakeable design in the
eyes of the consumer and now, the law.
The European Court of Justice (“ECJ”) has recently ruled in favour of the luxury footwear designer in the case of Christian Louboutin and...
Wednesday 18th July 2018
Leasing out rooftop areas and unused land to electronic communications operators may seem an attractive option for landowners, providing them with a regular source of income for formerly unoccupied space.
However, the Digital Economy Act 2017 introduced a replacement Code into the Communications Act 2003 which is a statutory regime applying to new leases created on...
Friday 18th May 2018
The EU’s General Data Protection Regulation (GDPR) has been described as the biggest change to data protection law for a generation. However, it is an evolution rather than a revolution. Many of its principles are much the same as those in the Data Protection Act (DPA). Clients who already have an effective data governance programme for complying with the DPA are likely to be...
Thursday 14th December 2017
Blue v Ashley  EWHC 1928
A recent High Court case between Sports Direct boss Mike Ashley and a former Sports Direct consultant has confirmed the fundamental need for intention in the formation of a contract, while also highlighting the litigation risk inherent in oral agreements.
In January 2013, Mr Ashley sat in the Horse and Groom pub in central London with a number of...
Thursday 3rd August 2017
Part 21A and Schedule 1A to the Companies Act 2006 (CA 2006) came into force on 6 April 2016 with a view to increasing the transparency of who owns and controls companies in the UK. Most companies and LLPs registered in England and Wales have been required to produce, keep and maintain a dedicated register of people with significant control (PSC) over that company (a PSC register). However,...
Wednesday 8th February 2017
Under current law, UK companies are permitted to have a corporate director on their board of directors as long as the company also has a natural person on the board.
As part of the Government’s plan to encourage transparency and accountability, The Small Business, Enterprise and Employment Act 2015 is set to introduce restrictions on the use of corporate directors. These provisions were...
Wednesday 14th December 2016
TWM acted for Brydg Capital Limited, and its syndicated participants, in relation to a short term loan to a commercial premises in Mayfair.
The loan, a £1.5m bridge, was to a Delaware (US) registered company which had to be underwritten alongside the property as security. The property was split commercial and residential with planning for whole residential use, but is currently subject...
Tuesday 13th December 2016
TWM Solicitors has recently acted for the shareholders of Darenth Valley Golf on its sale. TWM provided an integrated range of advisory services to Darenth Valley Golf, advising on the company and business law aspects of the sale and also providing advice in relation to the land owned by the company.
The 18 hole, par 72, parkland course in Kent was founded in 1973 by Michael Cross, and had...
Monday 12th December 2016
TWM Solicitors has recently acted for Tindle Newspapers Ltd in relation to the acquisition of the entire issued share capital of Isle of Man Newspapers Ltd, a company incorporated in and trading in the Isle of Man, from Johnston Press plc. The deal worth £4.25m includes three titles - the Isle of Man Examiner, the Isle of Man Courier, and Manx Independent, as well as the...
Friday 1st July 2016
TWM Solicitors has recently acted for Sven Christiansen plc with regards to the restructuring of its business, including the sale of 50 per cent of the issued share capital of the Company, buyback of shares and the subsequent creation of the Sven Group.
Sven Christiansen, which was founded in 1974, is a British manufacturer of office furniture. Headquartered in Guildford and with a factory in...
Tuesday 26th April 2016
TWM Solicitors have recently acted for the shareholders of Easy Convey Ltd with regards to the sale of 51 per cent of the issued share capital to OneMove Technologies Inc.
Easy Convey Ltd, which was founded in 2000, has established itself as an electronic conveyancing specialist providing a comprehensive case management solution for conveyancers in England and Wales. During 2015, their...
Wednesday 23rd March 2016
South east law firm TWM Solicitors has advised the renowned British sports car manufacturer TVR on the investment by the Welsh Government in the company as part of the initial arrangements for its new production facility to be located in Ebbw Vale, South Wales. The deal sees the Welsh Government take an equity stake in TVR, with production of the new car set to commence next year.
Friday 26th February 2016
Leading south east law firm TWM Solicitors has advised the shareholders of London & Surrey Property Holdings Ltd on its sale to Channel Islands Stock Exchange listed Glenstone Property.
The merger will give both parties a larger and more diverse portfolio. While Glenstone has mainly invested in retail, London & Surrey owns a range of commercial and residential properties, centred...
Tuesday 16th February 2016
What is it?
The Small Business, Enterprise and Employment Act 2015 (the Act) has amended companies and Limited Liability Partnerships’ (LLP) obligations under the Companies Act 2006 by adding the requirement to keep a register of ‘people with significant control’ (PSC’s). This requirement will come into force from 6 April 2016.
What are companies required to do?
Thursday 6th August 2015
Last month, HMRC published two discussion documents which will be of widespread interest to employers and employees or contractors alike. The first, published on 17th July 2015, concerns what is commonly known as IR35. The second, published a week later, concerns the taxation of payments made on termination of employment.
The IR35 legislation was first introduced in 2000 to tackle the...
Tuesday 18th November 2014
The Small Business, Enterprise and Employment Bill is currently making its way through Parliament, and the Government intending to pass the Bill into law in 2015. The Bill is intended to reduce the barriers that currently hamper the ability of small businesses to innovate, grow and compete and of particular relevance to UK companies are the provisions dealing with the transparency...
Friday 14th November 2014
TWM partner, Peter Stevens contributed an article to New Law Journal which first appeared on 31 October 2014. The article concerned a recent ruling by the ECJ that limits the scope of subject access requests.
To download a copy of the article, click New Law Journal article
Tuesday 4th November 2014
As you may remember from our June 2014 Employment Bulletin there has recently been some uncertainty with respect to whether holiday pay can comprise of basic salary alone or whether overtime and commission should also be included.
These issues have far reaching consequences as they could mean that employers will need to increase the amount of holiday pay paid to...
Thursday 13th February 2014
Businesses that supply goods, facilities or services to the public will need to be made aware of a recent Supreme Court decision concerning their obligations under anti-discrimination legislation. The court held that hotel owners who refused a double room to a gay couple in a civil partnership, on religious grounds, had directly discriminated...
Thursday 9th January 2014
Listed below is a summary of the major business and legislative development taking effect in the year ahead
Early in year
Banking Reform Bill expected to receive Royal Assent
New TUPE regulations come into force. For details, visit New TUPE Regulations
Consultation on zero hours contracts (Code of Practice and banning...
Monday 23rd December 2013
On 13th December 2013, the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 were passed. The Regulations make a number of important changes to the rules governing business to consumer (B2C) contracts made by mail order, internet, telephone or fax, or anywhere else away from the trader’s premises,...
Monday 25th November 2013
The High Court has partially upheld an application for summary judgment against a senior employee who tried to transplant his employer's business to a competitor. His plan included taking over the employer's premises, incorporating a company with a similar name and facilitating the recruitment by the competitor of a substantial section of the employer's workforce. Despite the absence of any...
Tuesday 8th October 2013
Why monitor third-party use of social media?
It is sensible to look for potentially damaging comments about a company and/or its products or services, plus any infringement of the company’s intellectual property.
Social media monitoring can also be an effective customer service tool, for example allowing you to respond to disgruntled customers.
Issues to consider when designing a...
Tuesday 10th September 2013
Peter Stevens, a Partner in our Business Law Department, recently took part in an interesting virtual round table discussion on International Joint Ventures.
To visit the discussion please click here http://goo.gl/UmDEUN
Thursday 25th July 2013
This business briefing sets out how a business can comply with its obligations under consumer protection legislation.
Unfair commercial practices
Consumer protection legislation provides a general prohibition on unfair commercial practices.
Misleading acts or omissions
A business must not mislead consumers through acts or omissions. For example:
- A business falsely tells a consumer their...
Wednesday 24th July 2013
Towards the end of this year, 46 sales agents across the UK will offer the BMW i range of revolutionary electric cars. Each will have specialist technical capabilities allowing them to carry out repairs to the vehicles’ high voltage batteries. A wider service network is planned to offer extended coverage for the general service, maintenance and repair of BMW...
Thursday 25th April 2013
The Government's insistence on forcing through the Employer Shareholder Scheme (first referred to in our December blog) -against the opposition of all who have read and understand the proposal- is beginning to resemble a Whitehall farce. To placate the House of Lords who have consistently thrown the proposal out the Government have had to make the following...
Monday 28th January 2013
The Director of Public Prosecutions (DPP) has issued interim guidelines for use by the Criminal Prosecution Service (CPS) when considering whether to bring charges in cases involving communications sent via social media such as Facebook and Twitter (including instances of re-sending and re-tweeting).
The guidance, which has immediate effect, sets out four different types of communicated...
Wednesday 14th November 2012
If you key the words “company formations” into Google, a large number of results are displayed, with some companies boasting of cheap company formations packages, often under £50.
The small print of such formation agents can state that the fee advertised is exclusive of VAT, Companies House, & any other...
Tuesday 25th September 2012
A recent High Court decision is a reminder that businesses should consistently follow their chosen methods of incorporating standard terms, such as printing terms on the back of documents and retaining copies of signed agreements. The case concerned a claim for a contribution to £7 million of liability for negligence or breach of contract. The court had to decide whether the defendant's...
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