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 …

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 …

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 …

M&A Update: Financial Assistance in Corporate Transactions

Using the target to assist with the financing of an acquisition Prior to the Companies Act 2006, “Financial assistance” i.e. a target company using its own funds to purchase its own shares, was prohibited in both public and private company mergers and acquisitions, unless a “whitewash” procedure followed. In order to carry out the whitewash procedure a Read More …