LLPs should review their membership arrangements urgently following recent...
The recent Upper Tribunal decision in the Bluecrest case has confirmed the earlier FTT decision which considered the salaried member rules for LLPs.
View ArticleThe UK-US Data Bridge: A Shift in Transatlantic Data Sharing
On 12 October 2023, the UK-US Data Bridge (the “Data Bridge”) came into force, transforming the way both nations handle the flow of information across their borders. In this blog we explore the...
View ArticleIs your online business caught by the Online Safety Act?
The Online Safety Bill recently received Royal Assent and became law in October this year (the “Act”), at which point the Office of Communications (“Ofcom”) was granted broad powers to regulate online...
View ArticleCorporate transparency provisions introduced in the US
The US has introduced corporate transparency provisions which require certain entities to report information about their beneficial owners.
View ArticleChanges affecting financial promotions for High Net Worth Individuals and...
As of 31 January 2024, significant changes are set to take effect in the certification process for high net worth individuals (HNWI) and sophisticated investors. These amendments, extending across...
View ArticleCourt of Appeal Slams the Brakes on Automatic Conversion of Shares
A decision of the Court of Appeal last year in the case of DnaNudge v Ventura Capital casts doubt on the application of articles which are commonly used by companies with outside investors.
View ArticleContrasting Industrial Strategies for Technology in the UK: Labour vs....
The future of technology in the United Kingdom has become a cornerstone issue in recent political discourse. Ahead of the upcoming general election later this year, the Conservative and Labour parties...
View ArticleAnatomy of a deal - The 9-step guide to selling your business part 1
Business owners spend many years and a lot of effort building their businesses to the point where they can look to sell it, building a wide range of skills and tactics to deal with issues that arise....
View ArticleAnatomy of a deal - The 9-step guide to selling your business part 2
In this part 2 of our Anatomy of a Deal blog series, we delve into the complexities of transaction documents, disclosure, and ancillary documents.
View ArticleKN Spring Budget Briefing 2024
The theme for the 2024 Spring Budget we were told, repeatedly, was 'lower taxes mean higher growth’. Although there were a number of areas touched upon by Jeremy Hunt, the Chancellor of the Exchequer,...
View ArticleAnatomy of a deal - The 9-step guide to selling your business part 3
In our ongoing series, "Anatomy of a Deal - The 9-step Guide to Selling Your Business," we've been breaking down the intricate steps involved in selling a business to provide clarity and guidance to...
View ArticleLegal Agony Aunt for Tech Episode 1 - IP ownership issues
Caroline Sheldon from our Corporate, Commercial & Finance team answers queries around tech. This query relates to IP rights for a startup founder.
View ArticleMind your business: valuing corporate assets on divorce
With over 800,000 businesses incorporated in the UK every year, it is no surprise that business assets and in particular the disposal of business interests are often a significant issue when dividing...
View ArticleAI and national security – tread with caution
Glafkos advises a broad range of corporate and private clients on M&A, joint ventures, private equity and growth capital transactions and general company law matters.
View ArticleThe AI Regulatory Regimes of the EU and the UK and how best to comply
The European Union's AI Act and the UK's AI Bill in the House of Lords represent two significant legislative efforts aimed at regulating artificial intelligence (AI) within their respective...
View ArticleSelling soon? Keep tax in mind
The Chancellor’s statement yesterday highlighted a black hole in public finances. The Chancellor also reaffirmed Labour’s commitment not to raise income tax, NICs or VAT (beyond the addition of VAT to...
View ArticleIncreasing director accountability: The new Audit Reform and Corporate...
Earlier this month, King Charles III opened the first session of the new parliament by outlining the Labour government’s priorities. Among these was the much-anticipated draft Audit Reform and...
View ArticleBrace for impact: How to navigate the 2025 property tax shake-up
The new Labour government is expected to announce significant tax increases in the upcoming October budget. This follows Chancellor Rachel Reeves' revelation of £22 billion in unfunded spending.
View ArticleNational Security and Investment Act Annual Report 2023-24 – What have we...
The UK Government recently published its third annual report on the enforcement of the National Security and Investment Act 2021 (NSIA), which covers the period from 1 April 2023 to 31 March 2024.
View ArticleCGT rates rise and the Employee Ownership Trust (EOT) regime reformed: now is...
At midnight on 30 October 2023, while many of us slept in eager anticipation of the new labour government’s first budget, the rate of Capital Gains Tax (CGT) increased. 12 hours later the Chancellor...
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