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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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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COVID-19 and the Courts – Legal Update

COVID-19 and the Courts As a result of the COVID-19 pandemic, the courts have had to adapt in a way that they had previously resisted doing but when it became a necessity, they were quick to adapt to a new way of working which has also been virtual. The justice system, which is already under […]

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World Mental Health Day

World Mental Health Day comes at a prevalent time for employers and employees this year, as our daily lives continue to be drastically impacted by the COVID-19 pandemic. Since March, we have faced many new challenges, that would have been considered unthinkable at the turn of the year. The social and economic affects continue to […]

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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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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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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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British Airways (BA) Staff Ultimatum

BA are looking to terminate a significant number of staff unless they agree to vary their employment contracts to work for a lower salary , with less annual leave provisions. The time frames being suggested are not at this stage clear, but there have been suggestions of redundancies, contract variations and the dismissing and re-hiring […]

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Zoombombing the pro and cons of technology

As agile tech enabled companies now work more frequently remotely , like ACLF , we have become more reliant on video communications such as zoom. We at ACLF take client privacy very seriously and our data protection and cyber security policies have always been at the forefront of our minds. As such with this new […]

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EasyJet Cyber Attack

In the midst of Covid 19, one of the biggest budget airlines that have been affected badly by the Covid Pandemic and has been faced with a large scale cyber attack, It has been reported that personal information and data of 9 million customers have been accessed in a “highly sophisticated attack”. Data protection infringement and banking data security […]

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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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Insolvency overview and guidance for directors

Protecting you as a director , during potential insolvency. As a director insolvency is complex and personal liabilities and sanctions can be a concern. We have written this article to help you navigate through the current procedures and support you , personally, not just focusing on the business. If the business has suffered a downturn […]

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Covid-19 Self-Employed Resilience Advice

Financial assistance for the Self-employed Chancellor Rishi Sunak has finally announced a package for the self-employed which will include people and businesses that’s can paid their earnings in addition to employed people. This is a relief and welcomed offering to everyone who is self-employed in the UK, and this means that being self employed is […]

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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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Covid-19 Mitigating Business Disruption

Around the world businesses are being affected by Covid-19. Many may be unable to perform an obligation under a contract or find themselves with a supplier or service provider unable to service them.  In these circumstances what can you do to protect your business. Business interruption This may be because an area is in lock-down, […]

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Covid-19 Legal & Practical Considerations

There are numerous practical and legal issues facing businesses which continue to operate within the context of Covid-19 now that England is currently in lockdown.    Keep your business operational even if you have limited ability to go outside. Many businesses moved to home working following Government advice that this should be implemented. However, some businesses […]

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Coronavirus Business Support

Government aid for businesses A raft of measures have been introduced to assist businesses suffering as a result of the Covid-19 pandemic. Our team have set out details of the measures , which are in place,  to help your business continue in these unprecedented times. We are here to assist you , but these government […]

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Business Resilience and Leading a Dispersed Team

In an unprecedented and uncertain time, business resilience and tools to ensure business continuity are imperative. With the advancement of technology and now COVID-19, working remotely is now the only way many of us can work. Leaders are understandably under pressure to continue business as usual whilst ensuring the productivity of their team members.’   […]

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Brexit planning: consider your commercial contracts

In the wake of the recent election result held on 12 December 2019, Boris Johnson, the conservative prime minister has promised to deliver Brexit and in his words “get Brexit done” and has gained the trust of voters after he led the Conservatives to an historic general election win. Remaining in the EU is not […]

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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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Drones in the construction industry is the way forward to save money;

The closure of Gatwick airport for three days, from 19th to 21st December 2018, grounded 1,000 flights and affected over 140,000 passengers. It is sadly this bad publicity that qualified and professional drone operators need to overcome. These were, however, all down to recreational operators who showed a complete disregard for safety and for others. […]

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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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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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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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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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I am business owner forced into litigation by the wrongdoing of another – can I recover damages for lost staff time?

Potentially. Where staff must be diverted from their usual tasks, damages for significant disruption caused to the business may be recoverable. This must not be confused with time spent by your staff preparing for court proceedings. Damages for business disruption will not extend to time “lost” building your case against the Defendant. They are limited […]

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Questions on Franchise & why is it right for you?

Had enough of your regular 9-5pm job, had a baby and can’t face returning to work or just bored and need a new challenge. A Franchise arrangement can open a whole new world to you, but are you genuinely ready and capable of successfully embracing a new business? Are you too old? Never, you can […]

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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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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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Commercial Leases

Entering into a commercial lease is a fact of life for many businesses but failing to obtain proper advice before doing so can have dire financial consequences. By seeking assistance from our commercial property team at A City Law Firm we can help remove the uncertainties and flag up legal pitfalls. As we act for […]

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Franchises and Commercial Leases

Franchising is a popular way of quickly growing a business and sharing the successful blueprint of a good product, service or idea. If you have a strong business brand which is suited for development as a franchise model i.e. it is a profitable business that has a proven track record and a broad appeal that can be replicated, finding franchisees may […]

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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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Empty Judgments…insolvent defendant?

Empty Judgments: What to do when faced with an insolvent defendant company. It is a claimant’s nightmare: succeed in obtaining a judgment against a defendant company only to find that the company is insolvent or does not have sufficient means to satisfy the judgment debt. This is what is known as an empty judgment, which […]

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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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Raising capital: Crowdfunding

Crowdfunding is a new phenomena for businesses to raise capital by selling their equity to a large number of individuals, typically over the internet. Crowdfunding is also used for raising funds for individual projects or campaigns. The practice of Crowdfunding is popular in the USA and is now beginning to gain momentum in the UK. […]

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Franchise Agreements

Have you been offered a franchise or do you need to renew or sell yours? If so, let our team assist you, with clear and swift legal advice. We offer comprehensive advice for a fixed fee, which remain competitive and are also transparent. We will take you through the terms of the agreement, advise you […]

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Do you need to apply for an injunction?

An Injunction is an equitable remedy in the form of a Court Order that usually requires a person to do or refrain from doing something. However, they may also require a person to positively do something to prevent what would be unlawful conduct leading to damage to the claimant. Injunctions are discretionary remedies and it […]

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Infringement of IP Rights

Q: What is Intellectual property? A: Intellectual Property (IP) ascribes the legal right that exists in products of human creativity. IP is divided into two categories:  Industrial property, which includes inventions (patents), trademarks such as your logo, company name or slogan, industrial designs; and Copyright, which includes literary and artistic works such as novels, poems […]

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Protecting your business name/brand

Whether you are operating your business as a sole trader, partnership, LLP or limited company you will have given it a name. You may well also have developed a logo, which together will be used to distinguish your business from your competitors. A considerable amount of time and money can be spent creating your brand identity […]

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Is Your Company Formed Correctly?

It is important that your company is correctly formed. Most companies intend to be limited by shares, but you will be surprised by the frequency of companies ‘accidentally’ set up to be limited by guarantee.  Is your company correctly formed? It is important that your company is correctly formed. Most companies intend to be limited […]

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Is Your Business Website Lawful?

Business website: What should it contain? Your business has a website, have you ensured there are no restrictions or requirements that you should display? If your business operates a web-site which is used to market your business i.e. advertise services or goods or actually sell goods or services online (whether it is to other businesses […]

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