QUALCOMM V BROADCOM – THE VALUE OF IP ASSETS

The media has been scattered recently with reports surrounding the unsolicited bid of $103 billion for Qualcomm Inc, made by Broadcom Ltd. The companies are competitors in the mobile device chipmaking industry; manufacturing and supplying these components to international computer and telecommunication companies. There is substantial scrutiny around the prospective takeover as, should the offer Read More …

PSC Register – Foreign Holding Companies

From 6 April 2016, UK companies and limited liability partnerships (LLPs) will be required to hold, and maintain a register of people with significant control (“PSC Register”). They will also be required to file this information with Companies House from 30 June 2016. This reflects the UK government’ commitment to increase transparency of company ownership Read More …

Mergers and acquisitions involving UK companies: Jan to Mar 2016

Data from the Office of National Statistics reveals that in Quarter 1 (Jan to Mar) 2016 there were 114 successfully completed domestic and cross-border acquisitions and disposals involving UK companies. Despite quarter-on-quarter volatility, the total number of M&A involving UK companies remains at a historically low level of activity.   The full report is available Read More …

People With Significant Control

Company changes in force 6 April 2016 From 6 April 2016, companies will have to maintain a register of ‘People with Significant Control’ (PSC). The press release from the Department of Business and Skills states: ‘The PSC register will include information about the individuals who own or control companies including their name, month and year Read More …

Limitation – How Long Do You Have To Take Action?

In the UK (England and Wales) these are the relevant dates for limitation for the listed causes of action: Contract: Six years from the Date of Breach Tort (excluding Personal injury and latent damage): Six years from the date the damage is suffered. Personal injury: Three years from the date the damage occurred or the Read More …

Brand Protection: Defamation

THIS ARTICLE WAS ORIGINALLY PUBLISHED IN THE MARCH QUARTER EDITION OF THE CHAMBER OF COMMERCE MAGAZINE Defamation is a publication to a third party of an untrue statement against a reputation exposing the claimant to hatred, contempt or ridicule in the eyes of right thinking members of society. It is governed by common law and Read More …

Removal of Company Directors

The office of UK Company director may be vacated by statute, by death, or under a provision in either the Company’s Articles of Association or, if one exists, a Shareholders Agreement. Looking at each “Vacation” method in turn: Statutory Vacation This can arise by: • the director retires having reached the relevant age limit; • Read More …

BE PREPARED! DISCLOSURE REQUIREMENTS EXTENDED TO PEOPLE WITH SIGNIFICANT CONTROL

Be warned – UK and EU Company Disclosure Requirements Are Changing! PSC Register – People With Significant Control From 6 April 2016, the majority of UK companies and LLPs will be required to maintain a register of “people with significant control”. Who is a person with significant control (PSC)? A PSC is an individual (or Read More …

Business and Company Sales – Warranties and Indemnities

THIS ARTICLE WAS ORIGINALLY PUBLISHED IN THE SEPTEMBER QUARTER EDITION OF THE CHAMBER OF COMMERCE MAGAZINE In business and company sales, Warranties and Indemnities are ways of reallocating risk between sellers and buyers. “Caveat Emptor” (“buyer beware”) in English law means that generally buyers lack protection. Buyers may seek warranty and indemnity protection while sellers Read More …