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Business owners need to be aware of the new company law changes, some starting immediately. From March 2024, significant changes will be introduced by the Economic Crime and Corporate Transparency Act 2023. The law aims to combat economic crime while...
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) amends the Companies Act 2006 by introducing new requirements for the registration and maintenance of companies in England and Wales with the intention of tackling economic crime and improvement...
In its statement of 21 November 2023, the Information Commissioner’s Office (ICO) announced that it had written to some of the UK’s most frequently visited websites, warning them of enforcement action if they fail to give users a ‘fair...
Many business deals are carried out on a ‘handshake agreement’ (a verbal agreement that isn’t recorded formally), but not many business owners know that this in itself can form a contract that will be legally binding on the parties, with...
On 12 October 2023, the UK government published a new regulation governing data transfers between the UK and the US. This regulation is known as the Data Protection (Adequacy) (United States of America) Regulations 2023 (SI 2023/1028). Background The...
Terms and conditions and contracts can often be viewed by clients as a one off expense, something that is put in place and then left, never to be considered again. As is the case with many other business related matters, it is good practice to undertake a...
A company decided to sell off a division of its trading business . As part of the due diligence process undertaken by the buyer, agreements with two commercial agents were disclosed. The agents had been engaged by the company for around 19 years. As...
Albert Einstein once said “in the midst of every crisis lies great opportunity” and this applies to the buying and selling of businesses. Buying an insolvent company provides an opportunity for buyers to enter a new sector or expand their...
In the modern internet and smartphone society, the value of data has never been more valuable and the collection, storage and access of such data in databases is key to many businesses. Mobile applications and websites which track users' data can be used...
The world’s oldest known signature, from Sumeria (in modern-day Iraq), was added to the back of a clay tablet in circa 3100 BC. Fast forward to the 21st century, electronic signatures are now used as a popular and quick way to execute documents. Do...
