Essential Business Documents – The Shareholder Agreement

Essential Business Documents – The Shareholder Agreement
Often disregarded and kicked into the long grass, a well drafted shareholder agreement could save you from a nasty company dispute. Even if you are working with family or friends (sometimes especially if you are), this document will outline the 'rules' so that you all know where you stand and don't jeopardise relationships and the company. 1  ...
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Companies in the spotlight for latest anti-crime initiative

Companies in the spotlight for latest anti-crime initiative
The reporting and compliance requirements faced by all companies are set to become more extensive in the wake of the Government's new plans to shake up the corporate governance framework, in order to better protect companies and ensure the accuracy of the Companies House register. The government is targeting companies in its latest anti-crime initi...
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230 Hits

Company Articles of Association – FAQs

Company Articles of Association – FAQs
What are a Company's Articles of Association? This document, along with the typically smaller and more specific Memorandum of Association, is the Company's constitutional document. It is the rule book for the Company and governs most aspects of the Company's operations, extending to such matters as the conduct of directors, decision taking, voting,...
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Government offers Brexit assurances to European trademark holders

Government offers Brexit assurances to European trademark holders
With the UK's expected departure from the European Union just weeks away, those with registered intellectual property rights are becoming increasingly concerned for any implication this may have for their registrations. The exact nature of the new trading relationship is not yet known and in all likelihood may not be known with any certainty right ...
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Corporate lawyer wins national excellence award from Legal 500 UK

Ed-with-trophy
Senior Associate Edward Garston has been named 'Individual of the Year 2019' in the Outer London area for his excellence in corporate work at the Legal 500 Awards. The awards recognise the very best firms and individuals in the legal industry and delivered one of their coveted trophies to Edward at a glittering ce...
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Brexit Update - Article 50 is Just the Beginning

brexit
After an extremely eventful nine months regarding Brexit, our Senior Associate Ed Garston looks beyond Article 50 and what the future holds.

Those that believed the referendum would pave the way for a swift and decisive exit could not possibly have expected so many obstacles to the formal triggering of Article 50.  But even following unprecedented peacetime political change, a series of constitutional legal challenges, constant media debate over soft or hard Brexit, a backlash from the so-called “remoaners”, and various amendment requests from the House of Lords, the path is finally clear to trigger the exit process.

Official commentators make the Article 50 process sound simple.  They would have you believe that Prime Minister May symbolically delivers a notice to the European Council to kick-start a two-year withdrawal process.  So far, so good, but it is that two-year process which will determine what Brexit actually looks like.


No precedent 

If only there was a precedent for the UK, and the EU for that matter, to follow.  The simple truth is that the exit process has never previously been triggered and by all accounts, the treaty provision was never intended to be used.  Whether another nation will follow the UK’s decision remains to be seen, but for now at least the UK and the EU are both entering unchartered territory.

Financial markets loath uncertainty although current thinking is that reaction to triggering the notice will be muted.  As every business that depends on imported products will tell you, the supply chain is already dealing with the Brexit devaluation, so in a certain sense, the process is largely priced in.

Article 50 itself is brief. Once triggered, it obliges the EU and the UK to negotiate and conclude an agreement “setting out the arrangements for its withdrawal, taking into account of the framework for its future relationship”.  Just two years are allowed for the process which can only be extended if each EU member agrees.  So at this point, if no agreement has been reached, any single EU member could veto and effectively prompt the UK’s exit without a deal.

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