Business and commerce
Share plans, legal risk and the lessons of Revolut
When Revolut’s share plan controversy left former employees facing unexpected income tax liabilities, the legal community’s interest was understandable. Here, after all, was a high-profile illustration of what happens when the legal and tax architecture underpinning an employee share scheme is either poorly designed, poorly communicated or inadequately maintained. The case attracted attention partly because […]
Why bother with Terms and Conditions?
T&Cs serve as the contractual framework that governs your dealings with clients, suppliers or partners, outlining the rights, obligations and procedures that apply to every transaction. Without them, businesses are left exposed to ambiguity, disputes and financial loss. Clearly written T&Cs tailored to your business, provide certainty for both parties as well as ensuring professionalism. […]
The impact of significant change to the corporate Identification Doctrine
It is amusing to note that one of the fundamental principles of corporate liability in British law is inextricably linked to the price of washing powder. The seminal case Tesco Supermarkets v Nattrass [1971] UKHL 1 concerned a disgruntled Tesco customer who was charged full price for a box of washing powder advertised at a […]
What are the terms for cancelling or terminating a contract in the UK?
Generally speaking, once a contract has been agreed it becomes binding and both parties are legally bound to perform according to the terms and conditions contained within. Despite this, issues can arise and if one party feels the contract is not being upheld, there are a number of potential options to explore. They could affirm […]
When is a fixed price not a fixed price?
Given the challenges facing the construction and commercial property sectors in the wake of the pandemic, the cost of everything in the supply chain, from land and bricks to leases and legal advisers is likely to come under closer scrutiny. For those scrutinising costs, one question that all law firm clients should be considering is, […]
Companies should work with the SFO to stamp out corruption
It has recently been revealed that the Serious Fraud Office (SFO) may be investigating the communications giant O2 on the basis of potential breaches to the Bribery Act 2010. Reports in the media reveal that former executives offered kickbacks to customers which suggests that this investigation may well reveal long-standing dark corners of corruption within […]
Brexit and pandemic present business owners with perfect selling opportunities
In the post-COVID world, many proprietors are seeking to diversify, whilst some are looking to sell their business to overseas investors that are keen to capitalise on the UK’s departure from the EU. Whatever the reason for wanting to move on, the process of actually making a sale is a lot more difficult than it […]
