Insights & News

Entrepreneurs’ relief: the brave new world

13 March 2019

This is an update on the changes to the qualifying criteria for entrepreneurs’ relief introduced in the October 2018 Budget, amended in December and now embodied in statute.

Can / should someone who is not a director be invited to join a committee of the board?

13 December 2018

Even if a company’s articles of association permit a committee of the board of directors of a company to comprise or include persons who are not directors, is it sensible for such a committee to be appointed? Are there benefits? This article explores this question.

Lewis Silkin’s Corporate Finance team acts on admission to AIM of The Panoply Holdings PLC

Deal

04 December 2018

Lewis Silkin has acted for Stifel, the NYSE listed investment banking firm, in its roles as nominated adviser and sole broker to The Panoply Holdings PLC. The Panoply is a digitally-native technology services company, providing digital transformation services.

Sam Pennington featured in The Times - Raconteur report: Mergers, Acquisitions & Exit Strategies - Cover your bucks when dealmaking

Press

27 September 2018

Corporate partner Sam Pennington featured in The Times - Raconteur report - M&A and Exit Strategies today, quoted in relation to the growing use of insurance in Mergers & Acquisitions transactions.

Bad leaver provisions enforceable as not penalties

03 August 2018

In the recent case of Signia Wealth Limited v Vector Trustees Limited, the court held that the company’s bad leaver provisions (pursuant to which a leaving shareholder was compelled to sell their shares for less than their value) did not fall foul of the penalty doctrine and were therefore enforceable.

Can we remove “limited” from the end of our company name?

30 July 2018

In certain circumstances a private limited company can apply to Companies House to be registered with a name that does not have “limited” (or the Welsh equivalent) at the end. This article summarises the circumstances of this exemption.

Sports Q&A – Corporate governance - key things to know

29 June 2018

I’m taking on an in-house role with a professional sports team and will have responsibility for ensuring the board meets its corporate governance requirements. What are some of the key things I should know?

The new 2018 QCA Corporate Governance Code for small & mid-size quoted companies

27 June 2018

The Quoted Companies Alliance, the independent membership organisation that champions the interests of small to mid-size quoted companies, has recently released its revised and updated QCA Corporate Governance Code 2018.

Court implies duty of good faith in “relational” contract

26 June 2018

The courts may be more willing to imply a duty of good faith into joint venture agreements, following a recent High Court case.

Director’s privacy – improvements to the Companies House regime for removal of residential addresses

26 June 2018

New regulations, which came into force on 26 April 2018, will make it easier for directors (and others) to remove their residential addresses from publicly available Companies House documents.

What makes a company a quasi-partnership?

20 March 2018

Lord Wilberforce’s observation that “a company, however small, however domestic, is not a partnership…” indicates that there are clear distinctions between even the smallest companies and partnerships. However, case law has shown that in some instances the court has been willing to deem companies “quasi” or “in substance” partnerships.

Directors held to be trustees of company property

08 March 2018

The Supreme Court has held that directors should be treated as being in possession of company property from the time of their appointment because, as fiduciary stewards they are trustees of trust property within the meaning of section 21(1)(b) of the Limitation Act 1890 (“the Act”).

People with Significant Control - AIM Companies brought within the PSC regime

12 July 2017

UK companies listed on AIM were previously exempt from the obligation to keep a register of people with significant control (PSCs), but recent changes mean they will have to have a register from 24 July 2017 onwards.

People with Significant Control - changes in force from Monday 26 June 2017

29 June 2017

With very little advance notice as to the detail, notable changes regarding the disclosure regime for people with significant control (PSCs) of UK companies and LLPs came into force on Monday 26 June 2017.

Lewis Silkin advises Haymarket Media Group on the sale of its motorsport division to Motorsport Network

Deal

25 November 2016

Lewis Silkin has advised long-standing client Haymarket Media Group, the privately held media company, on the sale of its motorsport division to Motorsport Network, a specialist online motor racing content and events company.