The dealmaking ability of one of our corporate law specialists is being recognised by regional awards celebrating the work of the legal and financial sector. Associate solicitor, Tom Haywood, is one of five talented individuals under 35 shortlisted for the Emerging Dealmaker of the Year accolade at the South Yorkshire Read more…
A joint venture is a partnership between two businesses for a finite period of time in order to achieve specific goals. It presents an opportunity to leverage each other’s strengths while compensating for any weaknesses. There are 2 main options when entering a joint venture. In the first, both parties Read more…
Law firms have been historically slow on the uptake of new technology and are often seen as behind the curve in relation to services such as cloud and IT mobility. This is due, in part, to perceived security risks, but another major contributory factor is the inward facing nature of Read more…
England’s underperforming schools will soon face ‘tough new measures’ under the new Education Bill, which looks to provide greater power for governing bodies to convert struggling schools into academies. Issues to consider: While the new rules may be seen as a promising approach at the outset, there are a number Read more…
A ‘carve-out’ transaction involves an integrated business division of a company being identified, separated and then transferred to a third party. By selling off this business division, a company can focus its attention on its core growth areas, or simply dispose of an asset that is no longer considered to Read more…
You might have noticed a few stories popping up in the news recently about crowdfunding and its ever increasing popularity. How Labour MP Jeremy Corbyn is using crowdfunding to support his leadership campaign for example or why one man is trying to make a million from this source of funding Read more…
A lender and borrower entered into an “upside fee agreement” which provided that, in consideration for the bank procuring financing, a large fee was payable on the occurrence of certain “payment events”. Individual borrowers defaulted under a related loan agreement and the claimants argued this constituted a cross-default under one Read more…
A draft of the Companies Act 2006 (Amendment of Part 18) Regulations 2015 was published on 13 January 2015 together with an explanatory memorandum. The draft Regulations will amend Part 18 of the Companies Act 2006 (CA 2006) to ensure the effective operation of certain provisions introduced by the Companies Read more…
The High Court has held that an agent had sufficient authority to enter into a personal guarantee and indemnity contract on the principal’s behalf. The principal had left the management of his businesses wholly to the agent (who was also his father-in-law). The principal did not expect the agent to Read more…
The High Court has considered whether indemnity claims were subject to an implied term of being “accurately calculated and based on factual substance”. Under the terms of a share purchase agreement, the buyer paid a proportion of the purchase price into a retention fund (held by its solicitors, on its Read more…