It makes sense to have a partnership agreement (or a shareholders’ agreement if the business is a company) in place from day one. This will normally have a ‘drag-along’ clause, which requires the other shareholder(s) to sell their shares to…
With cost-cutting still a priority for many businesses, the prospect of changing suppliers for recurring services is often attractive as it may offer the scope to reduce costs. However, it is important when considering such switches to make sure that…
Administration is the procedure in which a company that is, or is likely to become, insolvent can be reorganised or have its assets sold for the benefit of creditors. When a company goes into administration, an insolvency practitioner takes over…
From 1 October 2010 all UK-registered companies have to have at least one ‘natural’ director. The exemption from this requirement for companies which were incorporated before 1 October 2008 and which had only corporate directors on 8 November 2006 ends…
DFA Law this week tied up a £10.98 million deal between two major players in the vending world, to create the fourth largest vending business in the British Isles. Leading national beverage and snack vending company Vendia sold their entire…
he courts will, in general, not regard a small breach of contract as rendering the contract fundamentally breached. Small breaches of contract can normally be rectified by a payment of compensation, the court may take a different view. This was…
Private companies need to decide how to deal with a number of provisions in the Companies Act 2006 that will affect their day-to-day management and administration. This checklist highlights ten of the key points that your company needs to consider:…
The Charities Act 2006 was introduced to make life simpler for trustees, to provide more safeguards for them and to bring the definition of 'charity' up to date. General The Act defines a charity as a ‘body or trust which…
In a recent case, a builder who included a contractual term which reduced his liability in tort (i.e. for a civil wrong) found this was sufficient to defeat a claim brought by a customer. The builder had constructed a house…
Charities will soon be able to take advantage of a new type of corporate vehicle that will lift the current burden of dual regulation Complex avoidance schemes and the use of non-resident income sources have been subject to sustained attack…
