Brexit Restructuring and Insolvency Insight

Against the odds, the UK left the EU with a deal (the UK-EU Trade and Cooperation Agreement). However, this deal makes surprisingly few references to financial services and many argue that this means that, for financial transactions, there has still been a hard Brexit. This has an inevitable knock-on effect to restructuring and insolvency practices, […]

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Litigation Trends That We Are Likely to See In 2021

Introduction We have all witnessed, in some form, the tumultuous way in which 2020 has changed the world. The legal world, which is a sector historically reluctant to change, has seen unprecedented changes to the way in which it operates, and we hope it continues to embrace these changes. How will affect you? Specifically, there […]

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Issues to consider for your tech business before post Brexit

As the UK prepares for Brexit with the transition period due to end on 31 December 2020, it is an important time for businesses operating in the tech sector. Trade agreement or not there will be significant changes.  From 1 January 2021, it is vital that businesses have knowledge of how new regulations may affect their […]

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ICO Fines British Airways £20 million for Data Breach

Following a major data breach, which affected 400,000 customers, the Information Commissioners Office has imposed a fine of £20 million on British Airways. This is one of the highest recorded fines in the United Kingdom to date for a data breach. The ICO announced in the summer of 2019 that it would be imposing a […]

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Zombie Trade Mark

A Zombie trade mark is a special type of trade mark which has been abandoned or is in the name of an organisation that no longer trades. Unlike their name, zombie trade marks can be extremely useful when considering what trade marks to use. This is because, as many people have now realised after about […]

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NatWest Group Update

The NatWest Group have committed to champion the breaking down of barriers that exist in the banking world for people from Black, Asian and ethnic minority backgrounds. They established a task force in June designed to consider the actions necessary to tackle these inequalities.   After a very in-depth review, they have launched a set of […]

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Simplifying subject access requests – new detailed SARs guidance

All individuals have the right to ask an organisation how they are using or storing their personal information. Individuals can also ask organisations for copies of the personal information that they hold, either verbally or in writing. This is known as the right of access and is commonly known as making a subject access request […]

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A Short Guide to Individual Insolvency

Relevant Legislation The main law that governs corporate insolvency in England and Wales can be found in the following statutes: Insolvency Act 1986; and The Insolvency (England and Wales) Rules 2016. When does an individual become insolvent? Simply put, an individual is insolvent if they do not have sufficient assets available to discharge their financial […]

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Employment Guide to Insolvency

This article assumes that an employer is a limited company unless otherwise specified. It is also recommended that this article be read in conjunction with ACLF’s short guide to corporate insolvency. If your employer is an LLP, partnership or employs another structure, it is advised that you seek specific advice as to your employment rights. […]

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A City Law Firm’s Short Guide to Corporate Insolvency

Relevant Legislation The main law that governs corporate insolvency in England and Wales can be found in the following statutes: Insolvency Act 1986; and The Insolvency (England and Wales) Rules 2016. Insolvent or solvent? Generally, a company is considered to be insolvent when it becomes unable to pay its debts when they fall due. Under […]

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Janette Johnston – Joins Our Team

She initially qualified as a Fellow of the Institute of Legal Executive in 1999 and having attended University of Westminster Law School London, she then attended Guildford College of Law and has been qualified as a solicitor since 2008. Having started off in the City, she gathered much experience in litigation and family law. Janette’s […]

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Current COVID-19 Restrictions

On 22 September the Prime Minister introduced new ‘lock-down’ rules across the country, with further regional restrictions being implemented as and when needed. The new measures have been announced in an attempt to stop a second wave being as devastating as the last. It is still advised to wear a face covering and practice social […]

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Key Tax Cases – Summer Round Up

The UK courts and tribunals have released a number of notable judgements in recent weeks. The cases should serve as useful precedents for the importance of clear drafting when it comes to tax. Dodika v United Luck Group Holdings Ltd [2020] EWHC 2101. This case centred on the interpretation of tax clauses in a share […]

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Trademarks update: the implications of Sky v SkyKick

A story of David and Goliath ? Sky face a 1.5 million costs order for pursuing another brand for IP infringement. A recent ruling, this Summer, resulted in a High Court judge ordering “the overall winners” of an ongoing dispute over trademark rights to pay the other parties legal costs which totalled in excess of £1.5 […]

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IPO Update: Delays for Trademark Examination Reports

The Intellectual Property Office (‘IPO’) have advised that in light of unusually high volumes of trademark applications during the pandemic, examination reports are now taking 30 working days (6 weeks) from the filing date, whereas previously, examination reports were completed within 15 working days of receipt of applications. For more information on this news story, […]

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Insurance Claims for Businesses Affected by the Pandemic

Background After months of speculation and debate, the Business world finally has some clarity around when insurers must pay out for business losses caused by the COVID-19 pandemic. If like many of our clients you have been denied assistance; been unclear on what is covered this guide should help you. The judgment itself was not […]

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Track and Trace Data Protection Considerations

They had been encouraged to do this, but now it has become a mandated legal requirement. All businesses must though still comply with data protection laws. A pub or restaurant collecting the required personal data for the purpose of contact tracing will have a legitimate reason for doing so under the Data Protection Act 2018. […]

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Covid-19 has made me Redundant – What payment should I accept?

As more and more redundancies are announced, many employees are needing to consider whether an offer of voluntary redundancy will be suitable for them. So what type of financial package should I be looking at? First of all alongside the offer, you will need to check your employment contract, or your employment terms and conditions. […]

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Redundancy After Furlough – What is my Weekly Pay?

As the UK emerges from lockdown, more and more businesses are beginning to make their employees redundant following a period of Furlough on the Coronavirus Job Retention Scheme (CJRS). For some employees, their weekly wage may have been reduced, either by the wage cap or a reduction from 100% to 80%. If they are now […]

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The Blockchain

Blockchain is a secure, distributed ledger, that helps companies cut out intermediaries and maintain secure records of every transaction at a fraction of the cost of traditional systems. Originally used as infrastructure for trading cryptocurrencies like Bitcoin, its multiple use cases have subsequently been realised and blockchain has now become integral to many firms in […]

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Government will provide a further total of 4 billion pounds

A fantastic new announcement today has been that the government have gone further again than we would have expected and have just announced that they will provide a further total of 4 billion pounds support in the Covid 19 pandemic, this is because the government are encouraging us (the public) to go to the pubs […]

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COVID-19 Business Resilience 150 Package

We are offering our Business Resilience 150 Package to keep your business on track. For the discounted rate of £150 +VAT you can choose either: 1. A Furlough letter to your employees 2. A Redundancy letter to your employees 3. A standard debt recovery letter to a third-party owing an undisputed debt 4. Letter to a landlord or freeholder asking […]

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Are the courts operating during lockdown?

Further to the Lord Chief Justice’s announcement on 23 March 2020 as to how the courts will operate during these times, HM Courts and Tribunal Service published a list of priority county court work on 31 March 2020 to ensure the courts continue to operate to provide justice whilst bearing in mind the public’s safety […]

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COVID-19 and Insolvency new rules

Following from the UK Government’s announcements that they will provide financial assistance to businesses that are facing collapse, it seems that a number of business have acknowledged that such assistance is either going to be far off the mark to help them or simply too late We have already seen in the headlines that Virgin […]

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UPDATE – Covid-19 and the Courts

With the country grinding to a standstill it is paramount that the justice system remains functionable to help maintain public order, albeit it may be functioning in a different and more remote way to ensure that people remain safe in the Covid 19 Pandemic. A City Law Firm are keeping up to date with all […]

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TECH & IP

BLOCKCHAIN – is a decentralised, distributed ledger system offering complete transparency, used for numerous tech advances, including intellectual property rights (patents, designs, copyright and trade marks), encompassing digital identity, asset provenance and royalty distribution. IP RIGHTS Whilst patent protection provides a 20-year monopoly and corporate tax (patent box) relief, to register a patent, you must […]

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Is your business ready for investment?

Many businesses require funding or investment at some stage, either to launch or scale-up. The common route is equity share. Whilst this is readily available, these are not without pitfalls or obstacles. Working with many different companies, investors and financial groups have given us an insight into the options available for companies, including the risks, and benefits […]

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Restructuring to save your business: Which route should you take?

A properly planned restructure can save a company. Karen Holden, founder of A City Law Firm, looks at the different options available to business owners and advises on the most suitable route to take. What does it mean to restructure your business? Typically, when referring to restructuring a business people mean carving up the different parts of […]

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Six months on, how is your GDPR journey so far?

An article published in the Independent on 28 August 2018 reported that data breach complaints had increased by 160% since the General Data Protection Regulations (GDPR) came into force. This staggering statistic does not come as surprise, given the amount of media attention and government campaigns there were for GDPR. The media attention has raised […]

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Drones in the Property & Constructions Industry is growing

Due to their flexibility and that fact Drones are now so small yet sophisticated they could soon become as common on-site as trucks and diggers.         A recent report by Goldman Sachs makes it clear that the largest expected take-up for commercial drones is in construction, primarily in surveying and mapping sites. […]

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A City Law Firm appointed to handle merger

Merger with   Kin Capital   Enterprise Investment Partners   Enterprise Incubator Consultancy   We are delighted to have been the firm that was appointed to handle the merger of Kin Capital, Enterprise Investment Partners and Enterprise Incubator & Consultancy. This merger was announced officially last week and brings together 3 highly complementary entities under a single group structure. […]

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Small business legal mistakes – and how to avoid them

Karen Holden of A City Law Firm has represented hundreds of tech businesses and sees the same issues time and time again. Here’s what to look out for and how to navigate the legal minefield. This month my company (A City Law Firm) marked our ten-year anniversary, which has made me think back to our […]

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GDPR: Changing the ways businesses interact with their customers

From 25 May 2018 the Data Protection Act 1998 (DPA) will be replaced by The General Data Protection Regulation (GDPR), and it will bring important changes to the ways data is stored and processed by businesses. The introduction of GDPR is designed to set clear rules for businesses to follow when collecting and storing personal […]

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Self-employed staff, are they still a risk to your business?

WE HAVE ALL READ THE CHALLENGES MADE AGAINST UBER, DELIVEROO, ADDISON LEE AND PIMLICO PLUMBERS BY MEMBERS OF STAFF. The issue is not new and boils down to whether certain self-employed staff should be considered as employed (and subject to employers NI) and in turn whether they should then have employment rights and benefits. We […]

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Ten Biggest Legal Mistakes Tech Start-ups Make

This month my company (A City Law Firm) marked our ten-year anniversary, which has made me think back to our first year, how we started and some of the early mistakes we made. For one thing, within a year of our launch, we had to restructure the entire business and there were so many hurdles […]

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Revenue is vanity, cash flow is sanity, but cash is king

Cash flow is the lifeblood of your business. If you are receiving less cash than you are spending, you cannot meet your immediate needs and you could risk insolvency. Due diligence and well drafted terms and conditions can reduce the risk of negative cash flow. Some challenges for small business There is a never-ending list […]

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What a Cyber Attack looks like- Prevention and Tips

The recent global cyber-attack wreaked havoc at dozens of NHS trusts and hit thousands of computers in over 150 countries.The NHS trusts that were affected have been criticised for not adding the patch despite warnings from NHS Digital a month ago that they were vulnerable to a possible attack. Security experts say that computers were […]

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Divorce: What happens to your pension?!

  A pension feels very personal and the thought of your ex-spouse acquiring a share now and/or in the future can be disturbing. If an agreement cannot be reached between you and your spouse, and there is no pre-nuptial agreement, a sizable pension can lead to a lengthy and protracted court battle. We have experienced […]

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On Divorce Day: is your business protected?

The first working Monday of the year is dubbed Divorce Day by family lawyers, but if you’re in business with your partner, things can get complicated. A divorce is one of those things you don’t anticipate, plan or want to be party to. It’s tough to go through, especially when children are involved, but throw […]

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Brexit: Should we be worried?

A City Law Firm – Awarded ‘Innovative Law Firm of 2016 London’ We pride ourselves on being the ‘leading entrepreneur law firm in the City of London’, offering our clients alternative options, out the box ideas as well as traditionally sound legal advice. What does 2016/2017 hold for you and your business? I am not […]

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Looking to invest in a company for your Entrepreneur Visa?

There are many people who will refer you to companies and accountants that can take in your investment, but these agents often take a referral free for doing so, but make no real attempt to check whether that company is able to perform the immigration processes you require or that it is sustainable for the […]

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What is IP and why do I need to protect it?

So you’ve come up with an awesome idea for a startup. You know that you have the potential to be the next big thing. So you look at your budget and break down where you need to spend – be it marketing, networking events, hiring of staff or technology… but how safe is your very […]

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Protecting your assets: Start-up to Divorce

You work hard to start your own company and invest time and effort into making it work, only to have problems either with fellow colleagues or, more personally, at home.  So how do you protect your assets when either starting a business with other people or in the unfortunate breakdown of a marriage?Business Start-up So you […]

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Protecting Confidential Information

Confidential information is non-public privileged information pertaining to a company’s business. Such information can include, trade secrets, proprietary information, know-how, technical, business or financial information and personal information.Are you worried that an employee will leave and take confidential information with them to benefit your competitor? Employees can be bound by confidentiality clauses in their employment […]

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Top Tips to Attract Investors

How much control can you afford to relinquish?  It is essential you decide on this early on , as it is very easy to accept an investors terms when they are offering you a much needed cash injection. What level of control do you need to retain to be able to operate your business on a […]

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Do your T&Cs do what you want them to?

Terms and Conditions (Ts & Cs) are an essential part of all businesses. They should provide clarity for customers and strike a fair balance to encourage business while offering you sufficient protection from the distraction and cost of disputes. Inadequately drafted and you could find yourself facing serious problems such as cash flow problems, business […]

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What’s in a name? Just Google it! 

Google has become so renowned and ingrained in our daily lives that it’s the first thing that pops into your head when you want to know the answer to almost anything. “Google it” has become an in-built reaction to being asked a question you don’t know the answer to. Why then, would this tech giant choose to change their […]

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Market Value of your Business

What I have observed in practice is that many businesses overlook the fact that fundamentally IP is a business asset. Where the asset is protected by law and exclusive to you its value increases as does the business.IP can create an income stream for your business.  How? Licensing, patenting and commercially packaging IP as products for […]

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The effect of: Consumer Rights Act 2015

Christmas lists have been created and movies, music and apps for loved ones are now being sourced & downloaded. Business will be booming for digital moguls, but be aware the amended rules give your consumers protection never before bestowed. The Consumer Rights Act 2015, is in place to protect consumers of goods and services provided […]

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Are you a shadow director, does it matter?

It is important that all business owners and those contemplating commencing a business are aware of the issues surrounding shadow directors and how someone may accidentally become one. What is a shadow director? A shadow director is someone who is not a registered director of a company but exercises control or influence over a business […]

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Director’s Duties: What it actually involves!

As a Director, you will probably already understand the day to day decisions for the company and the metaphorical buck now stops firmly with you, but what about company procedures, legal duties, lifetime liabilities and the ‘fine print’ of being a Director? The Fine Print of the Law As a Director on a Board, you […]

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Starting a Business, How hard can it be?

A City Law Firm Limited started up in 2009 right smack in the middle of the recession, how hard could it be? Well 6 years later growing from 2 to 10 fee earners, triple turnover, a whole floor of offices and consultants aboard I, as the founding partner, can happily say “the hardest thing in […]

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Why have a shareholders agreement?

You have a great concept or product, funding and perhaps a friend, relative or colleague that wants to join forces with you. The key to any successful business is good advice, support and above all appreciate the risks, liabilities involved and how you come out on top to fight another day if it all goes […]

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Becoming a Director…liabilities?

As a Director, you will probably already understand the day to day decisions for the company and the metaphorical buck now stops firmly with you, but what about company procedures, legal duties, lifetime liabilities and the ‘fine print’ of being a Director? Entrepreneurs and new Directors will always see the benefit to Limited Liability status […]

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‘Legal tips’ for any new business venture

You’ve had a great idea for a business; you’ve set yourself up and may even have staff working for you; perhaps you’re now looking for your first premises or your first client seeking professional legal advice at the earliest possible stage will actually save you money in the long-term and avoid frequent pitfalls. Decide on an […]

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